Bitcoin News: Trump’s Inaugural Speech Omits Crypto Executive Order Promise

Donald Trump’s inaugural speech as the 47th president of the United States did not mention cryptocurrency, leaving the crypto community in suspense. A GOP congressional report also failed to address crypto or Bitcoin, focusing instead on energy independence and immigration. This has sparked speculation about future announcements regarding cryptocurrency regulations.

Trump’s ‘Day One’ Lacks Crypto Executive Order Promise

Donald Trump, the 47th president of the United States, did not mention cryptocurrency during his Monday inaugural speech. Additionally, a GOP congressional ‘immediate priority’ report omitted any mention of crypto or Bitcoin, focusing instead on topics like energy independence and immigration. This has left the crypto community speculating about future announcements. Trump had previously promised to deliver crypto executive orders on ‘day one’, including the creation of a national Bitcoin strategic reserve. Despite the omission, Circle CEO remains optimistic about the future of cryptocurrency.

Video Streaming Platform Rumble Makes First Bitcoin Purchase, CEO Confirms

Video streaming platform and YouTube competitor Rumble has officially entered the crypto space. The company’s CEO, Chris Pavlovski, confirmed that Rumble made its first Bitcoin (BTC) purchase on January 17. Pavlovski hinted that this purchase 'won’t be the last,' suggesting the company may increase its Bitcoin holdings in the coming months. While the exact amount of BTC purchased was not disclosed, this move highlights the growing trend of corporations adding Bitcoin to their balance sheets. Rumble’s entry into the crypto space underscores the increasing adoption of Bitcoin by mainstream companies.

Bitcoin Price Forecast: BTC fails to sustain the $109K mark after Trump’s inauguration

Bitcoin price holds above the $100K mark on Tuesday after reaching a new all-time high of $109,588 the previous day. Santiment’s data shows that BTC prices quickly corrected, as social media showed major greed and FOMO after Trump’s inauguration. Bitfinex Analysts told FXStreet that President-elect Trumpʼs inauguration ceremony could potentially be a sell-the-news event.

Bitcoin’s (BTC) price steadies above the $102,000 mark

Bitcoin’s (BTC) price steadies above the $102,000 mark on Tuesday after reaching a new all-time high of $109,588 the previous day. Santiment’s data shows that BTC prices quickly corrected, as social media showed major greed and Fear Of Missing Out (FOMO) among the traders in Bitcoin after President Donald Trump’s inauguration. Moreover, Bitfinex Analysts told FXStreet that Trumpʼs inauguration ceremony could potentially be a sell-the-news event.

Altcoins Suffer as BTC Drops to $102K Following Trump’s Ceremony

The cryptocurrency market experienced significant volatility following President Trump's inauguration ceremony, where he notably omitted any mention of cryptocurrency. This oversight led to a sharp decline in Bitcoin's value, which dropped from its recent all-time high to around $100,000. Altcoins, particularly those in the meme coin sector, were hit even harder. Despite a brief recovery where Bitcoin surged to over $106,000, it quickly fell back below $100,000 before slightly recovering. The market's instability was further exacerbated by the launch of two new meme coins by the First Family, adding to the weekend's eventful nature.