January 29, 2025
Bitcoin fell after Trump's decree on cryptocurrency - Bloomberg thumbnail
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Bitcoin fell after Trump’s decree on cryptocurrency – Bloomberg

In total, since Trump’s victory in the Bitcoin election has grown by more than 50%.”, – WRITE: www.unian.ua

In total, since Trump’s victory in the Bitcoin election has grown by more than 50%.

The decree does not confirm that the US will create a bitcoin reserve / photo ReutersThe decree does not confirm that the US will create a bitcoin reserve / photo ReutersBitcoin fell below $ 100,000 as traders have recorded a profit after US President Donald Trump’s decree to recognize digital assets with a key factor in innovation in the United States, Bloomberg reports.

It is noted that on Monday morning bitcoin fell by more than 6.5% – to the mark below $ 98 thousand. At the same time, smaller tokens, such as Solana and Cardano, which increased after Trump’s victory, have fallen even more. They fell by approximately 11% and 14%, respectively. The second rating of the token ether (Ethereum) lost more than 8%at one point. As of 7:55 in London, on Monday, bitcoin traded at $ 99.2 thousand.

The fall occurred after the President ordered to create a working group to advise the White House on cryptopolitanism. The group is tasked with suggesting a regulatory framework for digital assets in the United States within six months, as well as to evaluate the possibility of creating a cryptocurrency reserve. The decree does not confirm that the United States will create a bitcoin reserve – what Trump promised to do during the election campaign.

It is reported that the digital asset market perceived the Decree on January 24, mostly calmly, fixing after it a modest increase. In total, bitcoin has grown by more than 50% since the Trump victory in the election in early November.

Trump and cryptocurrency world are the latest newsEarlier, Bloomberg noted that the newly elected President Donald Trump plans to release a decree that lifts cryptocurrencies to the rank of priority areas of politics and gives the industry representatives the right to vote in his administration.

On January 18, it became known that Trump launched his own memkoine $ Trump. On the first day, 200 million such coins were released. Later, in a few days, the first lady of the United States Melania Trump also announced the launch of her own cryptocurrency – the Melania Memcoin.

On January 20, Bitcoin reached a historic maximum of more than $ 109 thousand against the background of preparation for Trump’s inauguration, but after the ceremony in the cryptocurrency market, changes took place.

You may also be interested in news:

  • “Bad for Industry”: Donald and Melania Trump launched competing tokens
  • Trump has aroused cryptocurrency world: experts explained the reasons
  • Will cryptocurrency crazy in the US disaster: Expert opinion

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