Bitcoin Takes a Sharp Fall as Trump Hints at Not Pursuing Presidential Office Again

The so-called "crypto President" recently hinted that he might not pursue a third presidential term, a move not even permitted by the US Constitution, causing an immediate drop in Bitcoin's value by over $1,500. Despite repeated expert assertions that there is no viable loophole permitting him to bypass current rules and run for the presidency once more, rumors have consistently circulated that Trump may attempt another run in 2028.

Trump acknowledged his desire to do so, but said it was unlikely. This statement, along with others, such as a potential trade deal with China and additional tariffs against India, resulted in Bitcoin's sharp value decline. The cryptocurrency experienced substantial growth after Trump's 2024 victory, but its value plummeted by $1,500 within minutes after it failed to break the $115,000 ceiling again.