Bitcoin declines despite Trump’s promises: Why the slogan “We will not allow crypto” to fail?

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The price of Bitcoin was brutally rejected, which caused it to fall by $ 2,000 immediately after Donald Trump made his clearest statement in support of the digital currency so far, as he promised that he “will not let crypto go down.” This decline is indicative of the market trend.

Instead of starting a regular meeting, the statement turned into a stock-distribution event, washing the height that was collected near the level of $ 70,000 resistance, sending the currency to fall sharply within a few hours.

Marketers on X (formerly Twitter) have come to call this phenomenon the “reverse Midas touch,” the way Trump’s rhetoric drives sales rather than attracting passive buyers. This approach is seen as “news-selling”, where political topics act as cash flows for large shareholders rather than contributing to the creation of new needs.

Trump: “We will not give up crypto”

Trump’s statement came at the end of May 2026 as part of an effort to win over the crypto community before the elections, portraying his administration as a strong defender of the American economy.

This speech was directly linked to the legal pressure in the White House, which is urging Congress to pass a law to regulate the crypto market that would change the US supervision of transactions, stablecoins, and public administration.

This opinion is the most disappointing and supportive part of crypto that Trump has adopted since his radical change, when he described Bitcoin as a “fraud” in 2021.

His team also started accepting campaign donations in digital currency and launched the popular NFT collection, but the slogan “We will not give up crypto” was different; It is a direct and unconditional promise, which made the long-term market so popular.

Why did the price of Bitcoin fall to $2,000 despite the good news?

Bitcoin was trading near the $70,000 resistance zone at the time the statement was made. The rejection was quick, since the money lost about $ 2,000 of its value, settling below that level at the same time.

The decline coincided with Iran’s retaliation and rising market prices instead of a peace deal.

Liquidity discount maps showed a large group of buys that ended at the $70,000 barrier, which corresponds to institutional sales or “whales” following the interest of retail investors due to news.

The data of the exchange-traded fund (ETF) supported this, since the investment of $ 1.289 billion of IBIT was made through the “Dark Pool” (online trading), which is the largest on record. This indicated that the major carriers were restructuring rather than regrouping; This behavior does not show the integration, but the distribution of the material wrapped in the flow of the story.

This model has the basics; On May 18, 2026, Bitcoin fell 2.4% to $76,500 after Trump issued a sharp political warning to Iran, while Ethereum fell 3.5% to $2,116 at the same time. Trump-related topics have caused volatility in the crypto market several times, and this bias has become something that cannot be ignored.

A note Bitcoin declines despite Trump’s promises: Why the slogan “We will not allow crypto” to fail? appeared for the first time Cryptonews Arabic.

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