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%.
< Img src = "/uploads/blogs/29/43/ib-Fqfunhg5h_5237c6fc6fc.jpg" Alt = "& quot; quot; the smartest shi & quot;…
< img src = "/uploads/blogs/60/65/ib-FQG3GQRGV_046E4.jpg" Alt = "iPhone users are advised not to update to…
The Vatican publishes a new message. < img src = "https://zycie.news/crrops/2ba248/620x0/1/0/2022/05/11/rokh6xosypkDyjti5dhcenaffrxu195j9zviiii2s.png" alt = "Pope Franciszek/Screen…
< img src = "/uploads/blogs/f8/4f/ib-1ikpu8nf3_45ce7efa.jpg" Alt = "Dubai and Ilon Musk trigger an underground transport…
< img src = "/uploads/blogs/22/11/31/IB-FQG2qll_a4999EA2A.jpg" Alt = "developers from South Korea presented the latest machine…
< img src = "/uploads/blogs/0F/b8/ib-1ikprnnmi_12972052.jpg" Alt = "How in iPhone to free memory in seconds"/>…