• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US Crypto Stocks Fall Following Trump's First Day

user avatar

by Giorgi Kostiuk

a year ago

US crypto stocks saw a significant decline after Donald Trump's first day as president, amid the crypto community's hopes for specific actions.

Crypto Stock Market Situation

On Trump's first day in office, with no mention of cryptocurrencies, the prices of US crypto companies' stocks fell. Riot Platforms' stock declined by 4.85%, Mara Holdings by 1.76%, Terawulf Inc by 6.88%, and CleanSpark dropped by 7.67%.

Bitcoin Dynamics

Despite market volatility, Bitcoin continues its upward trend towards its recent all-time high, gaining 3.45% in the past 24 hours and reaching $105,770.

If Ross Ulbricht got the pardon, we are definitely getting the Strategic Bitcoin Reserve.

General Economic Situation

While crypto stocks were down, the overall stock market showed a slight increase. The S&P 500 rose by 0.88% amidst optimism about Trump's pro-business administration. The US dollar also continued its decline.

Donald Trump's first day in office did not include discussions on cryptocurrencies, leading to a decrease in crypto companies' stocks. However, amid economic optimism, Bitcoin continued to rise.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Fenwick West Settles for $54 Million Over FTX Allegations

chest

US law firm Fenwick West has agreed to pay $54 million to settle claims related to its legal services for the defunct crypto exchange FTX.

user avatarKenji Takahashi

The Legal Fallout from FTX's Collapse

chest

FTX collapsed in November 2022 due to mismanagement and fraud, leading to significant legal repercussions and the conviction of founder Sam Bankman-Fried.

user avatarDiego Alvarez

Potential ETF Inflows Could Boost XRP Price

chest

The CLARITY Act, pending a Senate vote, could lead to significant ETF inflows into XRP, estimated between 4 to 8 billion, potentially boosting its price.

user avatarMaria Fernandez

Ethereum Price Sees Major Reversal but Smart Money Remains Active

chest

Ethereum's price has reversed most of its gains from April, finding support just above $2,000, while smart money investors remain active in accumulating tokens despite market downturns.

user avatarGustavo Mendoza

Bitcoin Spot ETFs Face Record Withdrawals Amid Market Losses

chest

Bitcoin Spot ETFs faced significant net outflows totaling 126 billion last week, marking the heaviest withdrawals since January.

user avatarRajesh Kumar

Decline in XRP Whale Activity Signals Market Compression

chest

XRP whale activity has significantly decreased, indicating a potential market compression phase.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.