Daily new cryptocurrencies created drops 35% under Trump’s 2nd tenure
The cryptocurrency market has seen a decline in the creation of new digital currencies since the start of Donald Trump’s second term. As of August 7, 2025, the number of newly created cryptocurrencies stood at 47,397, a 34.5% drop from the 72,454 recorded on January 20, 2025, the day Trump was sworn in, according to data retrieved by Finbold from CoinMarketCap on August 9. Notably, the platform currently tracks 19.19 million cryptocurrencies, with a yearly high of 184,087 recorded in April and a low of 4,438 since September 2024. CoinMarketCap’s market overview also shows a total market capitalization of $3.97 trillion. The number of cryptocurrencies tracked. Source: CoinMarketCap Why newly created cryptocurrencies are declining The recent slowdown in new token creation contrasts with the post-election crypto euphoria, when Bitcoin (BTC) soared past $123,000 on hopes of a pro-crypto Trump administration. But that initial optimism now seems to be f...