Bitcoin Has Given Back Everything
The crypto dream of a pro-Trump regulatory golden age has turned into a nightmare. Bitcoin, which surged past $100,000 after Trump's election victory, has now crashed back to the mid-$60,000 range — erasing every single dollar of post-election gains.
The damage report:
What Went Wrong?
1. Tariffs killed risk appetite
Crypto is a risk asset. When Trump's universal tariffs created stagflation fears and crashed the stock market, crypto got hit even harder. Bitcoin is highly correlated with NASDAQ in risk-off environments.
2. The Clarity Act stalled
The proposed Clarity Act — which would split crypto oversight between the CFTC and SEC, allow $75M annual raises without full SEC registration, and treat tokens like XRP and Solana as commodities — was supposed to be the game-changer. SEC Chair Paul Atkins estimated a 50-60% chance of passage in 2026. But Coinbase withdrew support over competition concerns, and the bill has stalled in the Senate.
3. Institutional momentum paused
While Morgan Stanley has applied for a federal trust bank charter to custody digital assets (a bullish long-term signal), short-term institutional buying has dried up amid macro uncertainty.
Is This a Buying Opportunity or a Bear Trap?
The bull case:
The bear case:
How to Trade Bitcoin in This Environment
Strategy #1: Range Trading ($58K-$70K)
Bitcoin is trapped in a range. Buy near $58,000-$60,000 support with stops below $56,000. Sell/take profit near $68,000-$70,000 resistance. Repeat until the range breaks.
Strategy #2: Breakout Trade
Wait for Bitcoin to decisively break above $72,000 (200-day moving average) with volume. This would confirm trend reversal. Enter long with a stop below $68,000 and target $85,000.
Strategy #3: Hedge with Gold
If you hold crypto exposure, hedge it with a long gold position. Gold moves inversely to risk sentiment and has been surging while Bitcoin falls. On 10xTrade, you can hold both positions simultaneously.
Strategy #4: Trade Altcoins for Higher Beta
When Bitcoin eventually reverses, altcoins like ETH, SOL, and ADA typically outperform by 2-3x. Position in crypto CFDs on 10xTrade with leverage up to 1:10 for amplified returns without needing a crypto wallet.
Why Crypto Traders Need an Account Manager More Than Ever
The crypto market in 2026 is treacherous. The old "buy and hold" strategy doesn't work when Bitcoin drops 40% from its highs and regulatory catalysts keep stalling.
10xTrade account managers help crypto traders by:
Many of our clients have turned Bitcoin's crash into profit by short-selling BTC during the decline. Your account manager can teach you how to profit in both directions — something spot crypto exchanges can't offer.
The Big Picture
Bitcoin isn't dead. But the easy money from the Trump election rally is gone. What's left is a market that rewards skilled, disciplined traders — not passive holders.
On 10xTrade, you can:
The next big move in Bitcoin — whether it's to $50,000 or $100,000 — will come fast. Make sure you're positioned and prepared on 10xTrade when it happens.