The price of Bitcoin 
$76,395 dropped to $101,401 at 8:00 PM following Trump’s inauguration as the 47th President. This decline was triggered by a priority document shared by the White House. At the time this article was prepared, Bitcoin was hovering around $105,000, with speculation about whether Trump would mention cryptocurrency in his speech.
Why Did Bitcoin Decline?
The document released by the White House did not list cryptocurrency among the new administration’s priorities. However, expectations were that this topic would be addressed among key issues. If cryptocurrency faces disappointment again when Trump enacts his executive orders, it could lead to negative outcomes.
The key topics outlined include:
- Border security.
- Deportation of criminals.
- Suspension of refugee resettlement.
- Combating cartels.
- Withdrawal from the Paris Climate Agreement.
- Measures to combat the rising cost of living.
The absence of cryptocurrency as a priority does not imply that Trump will refrain from issuing an executive order on the matter. He may still support cryptocurrency through supportive executive orders. Additionally, the appointment of crypto-friendly figures to agencies like the SEC and CFTC was a significant step forward.
