Content
@
0 reply
1 recast
1 reaction
esmeralda
@esmeralda
Crypto markets lose steam as Trump begins tentatively Cryptocurrencies showed modest gains following Donald Trump's initial policy moves on digital assets. Bitcoin steadied at around $105,000, while ether rose 5% to $3,420. An executive order established a digital assets working group and banned a U.S. central bank digital currency but lacked detailed reforms. The crypto market had surged post-election but cooled due to slower-than-expected policy changes. The SEC rescinded costly accounting rules, pleasing the industry, though Trump-linked tokens have seen declines. Analysts say clearer pro-crypto actions, like a bitcoin reserve, are needed for further price increases.
4 replies
0 recast
6 reactions