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Trump's Approval Plunge Drags Down Cryptocurrency Value

11/25/2025

Summary

Story summary

Paul Krugman links the cryptocurrency slump to U.S. President Donald Trump’s declining approval ratings.
Krugman says the Trump family's investments in digital currencies backfired, with losses exceeding $1 billion.
Krugman notes a correlation between Trump's setbacks and Bitcoin's value.
Bloomberg News reports the Trump family's wealth fell from $7.7 billion in September to $6.7 billion in November.
Analysts say the decline could affect the 2026 midterms and turnout.

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Story summary

Paul Krugman links the cryptocurrency slump to U.S. President Donald Trump’s declining approval ratings.
Krugman says the Trump family's investments in digital currencies backfired, with losses exceeding $1 billion.
Krugman notes a correlation between Trump's setbacks and Bitcoin's value.
Bloomberg News reports the Trump family's wealth fell from $7.7 billion in September to $6.7 billion in November.
Analysts say the decline could affect the 2026 midterms and turnout.