It’s still early days, but the kickoff of President Donald Trump’s second term appears to have left some crypto investors disappointed so far. Trump, whose candidacy was endorsed by key crypto players and who had made several promises related to the industry,
Donald Trump assumes office with plans to make the U.S. the bitcoin mining capital, causing concerns over centralization, institutional control, and bitcoin's future.
The support from Donald Trump community expects Bitcoin prices to surge due to the pro-crypto initiatives expected to be formed.
"Official Trump," a token representing the new U.S. leader, plunged as much as 26% in 24 hours. A meme token released Sunday by first lady Melania Trump also crashed. Trump's inauguration Monday lacked any concrete policy announcements regarding crypto.
After skyrocketing over the weekend, the the TRUMP and MELANIA meme coins came crashing a day after President Donald Trump took office.
Donald Trump has been sworn in as the 47th president of the US, and the crypto community is buoyed. A look at what’s in store for the crypto industry in Trump’s second term.
Bitcoin BTCUSD +0.14% hit a record at $109,225 early Monday ahead of the inauguration ceremony of President Donald Trump, who is expected to run a pro-crypto administration.
The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash
The new peak above $109,000 was reached Monday, and stock futures edged higher. Since Trump was elected, bitcoin has surged more than 50%.
Bitcoin and Official Trump sold off as President Trump took office, but traders are hopefully that new price highs will come as a crypto friendly government takes power.