Bitcoin News Today: Bitcoin plummets 1.3% after Trump says he probably won’t run for re-election

Bitcoin experienced a sharp decline following a surprising statement from U.S. President Donald Trump, who said he “probably” would not run for president again, despite earlier speculation about a potential 2028 campaign. The statement, which came during an online post by Trump, suggested uncertainty about his political future and appeared to signal a lack of commitment to seeking re-election [1]. The announcement coincided with broader market volatility, as traders recalibrated their expectations regarding the future of U.S. economic and regulatory policies under Trump’s leadership.

Within minutes of the statement, Bitcoin dropped by over $1,500, falling from $115,000 to below $113,500 as investors reacted to the news [1]. The move came amid a broader context of market sensitivity to Trump’s political trajectory, particularly in relation to trade policy and regulatory approaches. Earlier in the day, Trump had also hinted at potential new trade measures involving China and India, further amplifying the market’s reaction [1].

Bitcoin has closely followed Trump’s political and policy developments since he won the 2024 U.S. presidential election. His pro-crypto stance, including support for digital assets and deregulation, has been a major factor in the cryptocurrency’s performance. The market’s sharp response to his remarks reflects the degree to which traders and investors view Trump as a key driver of the regulatory and economic environment for cryptocurrencies [1].

Legal experts have previously emphasized that the 22nd Amendment to the U.S. Constitution prohibits a third presidential term, and there is no realistic legal pathway for Trump to bypass this limitation. Despite persistent rumors of alternative strategies, these have been consistently dismissed as infeasible [1]. Trump’s recent admission that he “probably will not” seek another term suggests a shift in his political strategy, though the exact implications remain unclear.

The incident underscores the extent to which global financial markets, particularly those in the cryptocurrency space, remain highly sensitive to developments in U.S. political leadership. As the U.S. continues to play a central role in shaping global economic policy, any changes in the direction or leadership of its government can have immediate and far-reaching effects on asset prices [1].

Source:

[1] CryptoPotato - [https://cryptopotato.com/bitcoin-suddenly-dives-as-trump-says-he-probably-wont-run-for-president-again/](https://cryptopotato.com/bitcoin-suddenly-dives-as-trump-says-he-probably-wont-run-for-president-again/)