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- Trump's First Day Stuns Bitcoin Enthusiasts: Market Reaction!
Trump's First Day Stuns Bitcoin Enthusiasts: Market Reaction!
How long until Trump makes some crypto moves?
Rich Webb
January 21, 2025 • Read Time: 7 minutes
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President Trump has a history of making headlines, but on the first day of his second term, he let the crypto world hang in suspense. While Bitcoin enthusiasts anticipated a flurry of blockchain-friendly executive orders, they were met with radio silence as the Commander-in-Chief sidestepped cryptocurrency altogether.
With Bitcoin spiraling from a high of $109,000 to a tepid $102,000, the market's dreams of strategic reserves and pardons for figures like Ross Ulbricht were dashed—at least for now. Will Trump's America First doctrine leave crypto in the cold, or is there a surprise up his sleeve? Let's dive in!
Despite market anticipation, President Trump ignored crypto on his first day, causing Bitcoin to dip from its historic high. — Read More
Elon Musk foresees a presidential pardon for Silk Road founder Ross Ulbricht by Trump, amid crypto-positive government appointments. — Read More
Virtune launches Finland's first crypto ETPs on Nasdaq Helsinki, giving Finnish investors euro-denominated crypto access. — Read More
Crypto searches hit record highs as Trump's crypto-friendly stance boosts market anticipation. — Read More
World Liberty Finance buys $47M in wBTC and Ethereum, amidst Trump's inauguration as President. — Read More
Utah's proposed bill allows state treasurer to invest in digital assets, aiming for blockchain innovation with strict oversight. — Read More
Trump's inauguration spurs record $2.2 billion inflows into digital assets, pushing YTD inflows to $2.7 billion. — Read More
The IRS imposes third-party reporting on crypto transactions with new guidelines effective January 2025. — Read More
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In previous cycles we spent an average of
> 1064 days from bottom to top / This cycle 792 so far
> 532 days from halving to top / This cycle 273 so far
> 385 days from elections to top / This cycle 84 so far$BTC
— Inmortal (@inmortalcrypto)
2:42 AM • Jan 21, 2025
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