Trump’s Inaugural Speech Omits Crypto, BTC Pulls Back from $109K
- Trump’s inaugural address avoided cryptocurrency mentions despite campaign promises.
- Bitcoin dropped 6% to $102,250 amid uncertainty over the administration’s crypto plans.
- MELANIA coin plunged 65%, while the broader crypto market lost 7% in 24 hours.
President Donald Trump’s inaugural address notably avoided any mention of cryptocurrency or Bitcoin, despite his campaign’s strong pro-crypto stance. The speech, which covered topics ranging from the Gulf of Mexico to Mars exploration, completely omitted his previous digital asset stance.
Bitcoin’s price showed market uncertainty following the speech, pulling back to $102,250 after reaching $109,020 earlier in the day. The 6% decline suggests traders may have anticipated stronger crypto-related policy signals from the new administration.
A Republican policy document highlighting White House priorities, obtained by Punchbowl News, also skipped mention of digital assets. This omission contrasts with Trump’s campaign promises to establish a Bitcoin reserve, support mining operations, and designate crypto as a national priority through executive orders.
Related: World Liberty Token Completes Presale as $TRUMP Surges
However, the document emphasized traditional Republican priorities: border security, energy independence, government reform, and cultural issues. While policies like “America First Trade Policy” and “empowering consumer choice” could indirectly affect the crypto sector, the absence of direct references raises questions about the administration’s immediate plans.
The MELANIA meme coin lost over 65% at press time. The broader crypto market also lost 7% in the last 24 hours and all the top ten coins lost single-digit value during this period.
The contrast between campaign promises and inaugural messaging has prompted speculation within the crypto community. Some analysts suggest this could be a strategic decision to focus on broader economic policies before addressing specific crypto initiatives. At the same time, others wonder if the administration might be reconsidering its approach to digital asset policy.
Bitcoin’s trading range between $100,103 and $109,020 over the past 24 hours shows this uncertainty. The pullback from recent highs might indicate that traders are reassessing their positions based on the administration’s initial policy signals. However, Trump’s nominated officials, including his designated crypto czar, maintain strong pro-crypto backgrounds, suggesting that digital asset policy may still play an important role in the administration’s future economic agenda, despite its absence from inaugural messaging.
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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.
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