• 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

Ethereum OG Reenters Market with Significant Purchase

chest

An early Ethereum adopter, known as an OG in the community, has reentered the market by purchasing 1,951 ETH for approximately $426 million USDC.

user avatarJacob Williams

Tom Lee's BitMine Accumulates 89,026 ETH Amid Market Weakness

chest

Tom Lee's BitMine has acquired 89,026 ETH valued at approximately $19.764 million during a period of market weakness.

user avatarZainab Kamara

CLARITY Act Faces Bipartisan Support Challenge

chest

The CLARITY Act has advanced out of the US Senate Banking Committee, but bipartisan support remains a significant hurdle for the legislation to become law.

user avatarSon Min-ho

Intesa Sanpaolo Expands Crypto Holdings and Custody Services

chest

Intesa Sanpaolo, Italy's largest bank, has significantly increased its crypto investments and partnered with Ripple to offer custody services.

user avatarAyman Ben Youssef

Market Resilience Amid Bitcoin Price Fluctuations

chest

Despite concerns over market conditions, Bitcoin has shown resilience with a 25% rebound from recent lows.

user avatarTando Nkube

Bitcoin Long-Term Holder Supply Reaches 1.526 Million BTC

chest

The long-term holder supply of Bitcoin has climbed back to 1.526 million BTC, indicating a shift in market sentiment.

user avatarKofi Adjeman

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.