• 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

Economic Indicators Impacting AI Tokens and Altcoin Market

chest

The correlation between AI tokens and traditional markets is evident as economic indicators show signs of deceleration.

user avatarLi Weicheng

Declining Fortunes for AI Tokens Amid Liquidity Shortages

chest

Recent liquidity shortages have led to a significant drop in prices and trading volumes for AI-driven altcoins.

user avatarMaya Lundqvist

Concerns Over AI Bubble Amid Weakening Employment Figures

chest

Growing concerns suggest that AI-themed assets may be forming a bubble, driven by weakening global employment figures and a divergence from historical market correlations.

user avatarLeo van der Veen

Liquidity Squeeze Triggers Downward Trend in AI Tokens and Altcoins

chest

The recent liquidity squeeze in the cryptocurrency market has led to significant losses in AI-themed tokens and altcoins, raising concerns about a potential bear market.

user avatarLeo van der Veen

Short-Term Pattern Suggests Possible Bounce for Cardano ADA

chest

A recent bullish engulfing candle on the 12-hour chart raises hopes for a potential bounce in Cardano ADA's price.

user avatarTenzin Dorje

Bluechip NFT Collections Face Financial Challenges

chest

Bluechip NFT collections are facing significant financial challenges as floor prices drop dramatically, highlighting market volatility and the need for stabilization efforts.

user avatarAisha Farooq

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.