Bitcoin (BTC) Tumbles as Donald Trump's Pro-Crypto Stance Wanes: Santiment

On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies like Bitcoin (BTC), Solana (SOL) and XRP (XRP).

On-chain analytics provider Santiment published its January report, looking back at the performance of major cryptocurrencies like Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP).

On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies. Here's what happened in the crypto market last month, according to Santiment.

Crypto saw extreme volatility in January, largely fueled by the inauguration of Donald Trump as the 47th U.S. president. His pro-crypto stance, including proposals for a national Bitcoin reserve, initially boosted market confidence.

Bitcoin hit a new all-time high of $109,300 just before his inauguration but has since retraced to $102,600. Despite this modest decline, panic has emerged among traders, as the excitement over Trump's new tenure waned and the true commitment to pro-crypto policy will still be tested.

Bitcoin's lowest sentiment of 2025 came after it dropped below $100,000, sparking fear on social media.

XRP is trading 51% higher over the past 30 days, notably stronger than other altcoins. Bullish factors include Ripple Labs' regulatory approval for its RLUSD stablecoin and Ripple’s partnership with Ondo Finance.

While Ethereum (CRYPTO: ETH) is struggling with declining sentiment, trading around $3,100.

Solana saw its lowest sentiment in a year after dropping 18% on Jan.19 before rebounding. A rebound to $250 would trigger positive sentiment again.

The Bitcoin ETF Anniversary on Jan. 23 saw $7.9 billion in trading volume, the highest level in 10 months.

MicroStrategy (NASDAQ:MSTR) continues to accumulate Bitcoin but prices may drop if sentiment does not improve in the near future.

If BTC moves sideways or trends lower, traders may look to accumulate altcoins at discounted prices.