Bitcoin (BTC) 
$108,458 price is on the verge of dropping below $100,000 as Trump disappoints many. Currently, the BTC price stands at $100,600, and it is likely to dip to five-digit levels before this article concludes.
Why Are Cryptocurrencies Declining?
Trump has been inaugurated and officially commenced his presidential duties. However, throughout his speech, he made no mention of cryptocurrencies. Worse yet, cryptocurrencies were not even listed among his priority topics.
It is concerning that he did not address the cryptocurrency industry, especially as a person who has created a meme coin for himself and his spouse was elected with votes from crypto investors. If we do not see any mention of cryptocurrencies in upcoming executive orders, it could negatively impact the short and medium-term performance of the sector.
Nonetheless, Gensler has resigned, and the cabinet is filled with crypto-friendly figures. However, their Senate confirmations may take a few weeks. As ADA Coin drops below $1 and SOL Coin declines to $239, ETH stands at $3,250. Crypto investors are already feeling a downward trend as liquidity flows into Trump Coins over the weekend, making the six-figure BTC seem less significant.
