Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

TRUMP memecoin falls 50% as President ignores Bitcoin, crypto on first day in office

Share This Post

TRUMP memecoin slid around 50% after President Donald Trump made no crypto-related announcements on his first day in office. CryptoSlate data shows the token peaked near $70 over the weekend, then dropped to about $35 following the inauguration. Its market capitalization briefly exceeded $15 billion before declining to $7.8 billion as of press time.

A wallet linked to the Trump team holding 80% of the memecoin supply currently holds $31 billion worth of TRUMP.

TRUMP holders (Source: Solscan)
TRUMP holders (Source: Solscan)

Trump signed multiple executive orders on energy, border security, immigration, infrastructure, and more but did not address a promised Bitcoin strategic reserve or reverse the prior administration’s policies, known by some as Operation Chokepoint 2.0. He pardoned 1,500 January 6 protesters, including Oath Keepers and Proud Boys but Ross Ulbricht of Silk Road remains incarcerated. Trump promised to free Ross on day one.

Polymarket’s odds of a day-one executive order peaked around 60%, while the odds of a Bitcoin reserve in the first 100 days collapsed to just 30%.

Bitcoin hovers near $103,000 on Tuesday, down from a recent high of $109,300 reached on Inauguration Day. The industry had anticipated signals regarding Trump’s specific policies on digital assets, but no statements were made.

The post TRUMP memecoin falls 50% as President ignores Bitcoin, crypto on first day in office appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933

Ethereum is facing renewed downward selling pressure, with the entire crypto market entering a fresh downtrend in the past 24 hours This renewed selling pressure has seen the Ethereum price lose a

Trade War Fury: Asia’s Markets Crushed, Recession Fears Soar

Asian markets experienced significant declines on April 7, with Hong Kong’s Hang Seng Index plummeting over 13% The turmoil affected other asset classes, including bitcoin, which briefly fell

Bitcoin Flashes Death Cross On Daily Chart – Deeper Downtrend Ahead?

Bitcoin experienced a sharp selloff yesterday, plunging below the critical $80,000 level and briefly touching lows around $74,400 The move has rattled investors and put bulls on the defensive, as

Bitcoin Price Watch: Bearish Momentum Builds Across All Timeframes

Bitcoin is trading at $77,346 with a market capitalization of $153 trillion, as it battles persistent bearish momentum across multiple timeframes Over the last 24 hours, bitcoin has traded between

Metaplanet Cuts Debt Fast—Repays ¥2B Bonds Early In A Strategic Move

The post Metaplanet Cuts Debt Fast—Repays ¥2B Bonds Early In A Strategic Move appeared first on Coinpedia Fintech News In a strategic financial move, Metaplanet has fully repaid its ¥2 billion in

ETF Weekly Recap: Bitcoin ETFs Bleed $173 Million As Tariff Fears Shake Investor Confidence

Bitcoin ETFs ended their two-week winning streak with a $173 million outflow Ether ETFs remained under pressure, closing the week with nearly $50 million in net outflows, marking their sixth straight