From Financial Modeling Prep: 2025-01-22 02:33:18

Bitcoin and cryptocurrencies experienced a sharp decline following President Trump’s inauguration, with Bitcoin dropping 6% to $102,100.0 in under 24 hours due to a “sell-the-news” reaction from investors.

The Trump-themed meme coin, $TRUMP, saw extreme volatility, hitting a peak price of $74.59 before dropping to $40.20, losing nearly 46% in value.

President Trump’s inaugural speech did not mention cryptocurrencies, disappointing industry stakeholders who hoped for bold policies like a Bitcoin strategic reserve and relaxed regulations.

Despite short-term volatility, experts predict prolonged market fluctuations, with potential for Trump’s administration to introduce favorable policies supporting digital assets in the long run.

Financial Modeling Prep offers tools to help investors navigate crypto market turbulence, including APIs for earnings calendars, sector historical overviews, and industry classifications.

The retreat in Bitcoin and $TRUMP underscores the crypto market’s volatility and the influence of policy expectations on investor sentiment, highlighting the need for strategic planning amid potential market swings.



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