Bitcoin News: Traders Await Trump’s Pro-Crypto Policies as Bitcoin Price Retreats

Bitcoin's price has seen a decline as traders and the cryptocurrency community eagerly anticipate potential pro-crypto policies from Donald Trump following his inauguration. Despite signing several executive orders in his initial hours in office, none specifically addressed cryptocurrency. The Bitcoin community remains hopeful for future directives that could positively impact the market. Trump’s early actions included pardoning individuals involved in the January 6 Capitol attack and initiating immigration reforms, but the focus on cryptocurrency remains uncertain.

Bitcoin Retreats as Traders Await Trump’s Pro-Crypto Policies

The price of Bitcoin has decreased as traders anticipate Donald Trump’s potential crypto executive order following his inauguration. In his initial hours in office, Trump signed several executive orders, but none specifically addressed cryptocurrency. The Bitcoin community is eagerly waiting for any new pro-crypto directives. Trump’s early actions included pardoning individuals involved in the January 6 Capitol attack, initiating immigration enforcement, repealing some of Biden’s policies, and reducing regulatory burdens on the oil and natural gas industry to combat consumer inflation. Additionally, he paused Congress’ TikTok ban for another 75 days.

ViaBTC Annual Report: 2024 Crypto Mining Review and 2025 Trend Outlook

In January 2025, ViaBTC, in collaboration with CoinEx, published the '2024 Crypto Annual Report,' offering an in-depth analysis of the cryptocurrency market's performance over the past year. The report focuses on the review of the cryptocurrency mining sector in 2024 and provides exclusive insights into the future trends shaping the industry. In 2024, the Bitcoin network's total annual output was valued at approximately $20 billion. Despite the fourth halving reducing Bitcoin's yearly output by 35% compared to 2023, the overall output saw a 43% increase year-on-year due to BTC's record-breaking price highs. This bolstered investor confidence in Bitcoin mining and drove continued growth in network hash rate, which grew by 51% in 2024.

Bitcoin Sets New All-Time High, Yet Retail Interest Historically Low

On-chain data indicates that despite Bitcoin reaching a new all-time high, the demand from retail investors remains at historically low levels. The 30-day change in Bitcoin Retail Investor Demand, which tracks transactions valued at less than $10,000, shows a significant decline. This metric is crucial as it reflects the activity of the smallest holders on the network, who typically engage in smaller transactions. The current trend suggests that retail investors are not participating in the recent rally to the same extent as institutional or larger investors.

Crypto Observers Remain Hopeful on Trump Despite Silence on First Day

Despite the lack of crypto-related executive orders from President Donald Trump on his first day back in office, the crypto community remains hopeful for future action. Trump signed several executive orders on January 20, but none addressed crypto assets or policy. This silence has caused concern among crypto enthusiasts, leading to a dip in the market, with Bitcoin falling 6% from its all-time high. However, some industry commentators and investors are not overly concerned, citing Trump's previous dedication to the crypto industry during his campaign.

El Salvador Adds More BTC to Its Strategic Bitcoin Reserve

El Salvador has increased its Bitcoin holdings by purchasing an additional 12 BTC, with 11 BTC bought on January 19 and 1 BTC on January 20. This move is part of the country's strategy to consistently accumulate Bitcoin, as highlighted by the National Bitcoin Office (ONBTC). The total Bitcoin holdings of El Salvador now amount to 6,044.18 BTC, valued at over $617 million. This purchase underscores the nation's commitment to its Bitcoin strategy, which has been a key component of its economic policy since the enactment of the Bitcoin Law in 2021.