Bitcoin's price plummeted after new US President Donald Trump failed to mention cryptocurrencies in his inauguration speech. The price fell from an overnight high of $109,000 to $100,000, writes CoinDesk.
The fact is that crypto investors were expecting statements about the possible creation of a strategic reserve of bitcoin in the United States, but this topic was not mentioned in the president's speech, in the published priorities of the Republican Party in Congress, or in the White House press release.
At the same time, despite the fall in the exchange rate, experts note a more loyal position of the new administration towards cryptocurrencies compared to the previous one. This is evidenced, in particular, by Trump's personnel appointments. Thus, the former PayPal CEO David Sachs was appointed “king of artificial intelligence and cryptocurrencies”, and he nominated cryptocurrency supporter Paul Atkins for the post of chairman of the Securities and Exchange Commission.
According to Polymarket, the probability of creating a strategic bitcoin reserve during the first 100 days of Trump's presidency decreased from 60% to 45%.
A 65-year-old Kharkiv resident was detained by law enforcement officers for justifying the armed aggression…
A 19-year-old Wisconsin boy was arrested Sunday morning for allegedly setting fire to Congressman Glenn…
Ukraine is improving its missile weapons. In the second half of the year, we will be…
Turkey has arrested the Bloom ship, which was transporting drones and ammunition to Russia under…
In Lviv region, court punished a man who created and administered a channel about locations…
China has urged the United States to listen to "rational voices" regarding the social platform…