Bitcoin Declines Amid Disappointment Post-Trump Inauguration
Bitcoin Declines Amid Disappointment Post-Trump Inauguration

Bitcoin Declines Amid Disappointment Post-Trump Inauguration

News summary

Following President Donald Trump's inauguration, Bitcoin experienced a notable decline from its record high of $109,350, dropping to approximately $103,264 as investor optimism waned due to the absence of favorable crypto policy announcements. This downturn was mirrored by a general dip in the cryptocurrency market, where tokens associated with Trump and First Lady Melania Trump also saw significant losses, with 'Official Trump' plummeting by 26% and Melania’s meme token halving in value. The initial bullish sentiment around Trump’s presidency, which had propelled Bitcoin above $100,000, quickly diminished, leading to a 5% drop in Bitcoin's price on January 21, 2025. Analysts noted that while some investors had anticipated supportive regulatory measures for cryptocurrencies, the lack of concrete actions resulted in a cooling market sentiment. Experts advised investors to exercise caution and avoid impulsive decisions in this volatile environment, emphasizing the need for informed strategies. The overall atmosphere in the crypto market remains tense as stakeholders await clearer signals from the new administration.

Story Coverage
Bias Distribution
100% Left
Information Sources
daae85f0-2883-42fc-b085-888140adf30d
Left 100%
Coverage Details
Total News Sources
1
Left
1
Center
0
Right
0
Unrated
0
Last Updated
198 days ago
Bias Distribution
100% Left

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

23Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News