Trump Family Loses $1B in Crypto, Drops from Bloomberg 500 Index

US President Donald Trump's family fortune has decreased by approximately $1 billion over the past two months due to a downturn in the cryptocurrency market.

The financial markets saw a decline on November 22, with significant drops in the Dow Jones, S&P 500, and Nasdaq 100 indexes. The cryptocurrency sector lost about $1 trillion.
Factors contributing to this include the longest government shutdown in US history and short-term selloffs. The price of Bitcoin fell from $125,000 in October to around $82,000.
Trump Media & Technology Group Corp., which owns Truth Social, reportedly lost over $800 million after purchasing 11,500 Bitcoin at an average price of $115,000.
The company's WLFI token has decreased from its September peak of $0.26 to about $0.15.
These losses have removed the Trump family from the Bloomberg 500 billionaire index, reducing their reported holdings from $7.6 billion to $6.6 billion.
Despite losses, Eric Trump remains optimistic about Bitcoin, highlighting its ease of use and low fees for large transactions.