{"id":353246,"date":"2025-01-22T06:31:48","date_gmt":"2025-01-22T05:31:48","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=353246"},"modified":"2025-01-22T06:31:48","modified_gmt":"2025-01-22T05:31:48","slug":"bitcoin-other-cryptocurrencies-retreat-as-trump-remains-silent-on-digital-assets","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2025\/01\/22\/bitcoin-other-cryptocurrencies-retreat-as-trump-remains-silent-on-digital-assets\/","title":{"rendered":"Bitcoin, Other Cryptocurrencies Retreat as Trump Remains Silent on Digital Assets"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>Bitcoin hit an all-time high of $109,071 during Trump&#8217;s inauguration but dropped to $102,546.13, disappointing cryptocurrency investors<\/strong><\/li>\n<li><strong>The Trump-branded cryptocurrency experienced sharp volatility, plummeting from $75 to $37.98 after the inauguration ceremony<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Bitcoin and other cryptocurrencies saw a dip on Tuesday following the inauguration of Donald Trump as the 47th President of the United States.<\/p>\n<p>Despite market expectations, Trump\u2019s initial policy announcements did not mention digital assets.<\/p>\n<p>Bitcoin, the world\u2019s leading cryptocurrency, hit an all-time high of $109,071 on Monday during Trump\u2019s swearing-in ceremony.<\/p>\n<p>However, by 10:01 GMT on Tuesday, it had dropped to $102,546.13, though still up by 9.5% for January.<\/p>\n<p>The newly launched Trump-branded cryptocurrency experienced even sharper fluctuations. Priced at $6.50 during its Friday debut, it skyrocketed to $75 on Monday, achieving a market valuation exceeding $14 billion. By Tuesday, the token\u2019s value had halved to $37.98, according to CoinMarketCap.<\/p>\n<p>Trump\u2019s inaugural address focused on trade tariffs, energy deregulation, immigration reforms, and TikTok\u2019s reprieve. However, the absence of any discussion on cryptocurrencies left the digital asset market underwhelmed.<\/p>\n<p>Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, expressed disappointment. Speaking to Reuters, he said, \u201cThe digital asset market is let down by the lack of mention in the inauguration speech or executive orders.<\/p>\n<p>Without news from <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/03\/31\/donald-trump-launches-website-after-social-media-bans\/\">Trump<\/a> on digital assets, Bitcoin\u2019s value may decline further, with a drop below $100,000 appearing likely.\u201d<\/p>\n<p>Crypto investors had been optimistic about Trump\u2019s potential to create a favourable regulatory environment for digital assets. His silence on the topic has dampened hopes for immediate reforms in the crypto space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin hit an all-time high of $109,071 during Trump&#8217;s inauguration but dropped to $102,546.13, disappointing cryptocurrency investors The Trump-branded cryptocurrency experienced sharp volatility, plummeting from $75 to $37.98 after the inauguration ceremony Bitcoin and other cryptocurrencies saw a dip on Tuesday following the inauguration of Donald Trump as the 47th President of the United States. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":153088,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[86452,728,770,235],"class_list":["post-353246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-47th-president-of-the-united-states","tag-bitcoin","tag-cryptocurrencies","tag-donald-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - 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