Donald Trump's 'saved crypto industry' bullish claim—but market voted bearish

Political rhetoric from former President Trump — claiming his administration “saved” the U.S. crypto industry from former SEC chair Gary Gensler’s “anti-crypto” stance — failed to buoy markets. Escalation in U.S.-Iran tensions instead triggered a sharp crypto selloff, a drop in total crypto market capitalization and large liquidations, leaving market sentiment fearful. Major tokens fell (Bitcoin and Ether down modestly on the snapshot), while a handful of crypto-linked equities (Coinbase, Robinhood) and tech names (Palantir, Roblox) ticked higher, indicating a short-term disconnect between digital-asset prices and some equities.