Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Crypto Stocks Tumble After Trump's First Day in Office, Bitcoin Continues to Climb

Crypto Stocks Tumble After Trump's First Day in Office, Bitcoin Continues to Climb

CointimeCointime2025/01/22 04:45
By:Cointime

US crypto stocks experienced a decline on the day after President Donald Trump's inauguration, despite the industry's expectations that he would take action on day one. Shares in crypto miner Riot Platforms, Mara Holdings, Terawulf Inc, and CleanSpark all experienced drops, while Coinbase dropped over 8.5% in the opening hour before recovering slightly. However, Bitcoin continued to climb towards its recent all-time high. Trump's pro-crypto campaign promises were notably absent from his outline of priorities on his first day in office, but his pardon of Silk Road founder Ross Ulbricht has given crypto advocates hope.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Metaplanet’s Daring Move: Japan Firm Invests $25M More in Bitcoin, Acquires Additional 555 BTC

Metaplanet Strengthens Institutional Demand with Bitcoin Strategy - Leads to Stock Gains and Expands Global Crypto Investment

Coineagle2025/05/08 14:22
Metaplanet’s Daring Move: Japan Firm Invests $25M More in Bitcoin, Acquires Additional 555 BTC

New Hampshire Takes Lead in Bitcoin Reserve Legislation: Are Other States Next?

New Hampshire Takes Lead in Crypto Legislation: Sets Precedent with Bitcoin Reserve Law Post Arizona's Rejection

Coineagle2025/05/08 14:22
New Hampshire Takes Lead in Bitcoin Reserve Legislation: Are Other States Next?

New spot margin trading pair — SXT/USDT!

Bitget Announcement2025/05/08 13:36