Crypto Stocks Tumble After Trump's First Day in Office, Bitcoin Continues to Climb
US crypto stocks experienced a decline on the day after President Donald Trump's inauguration, despite the industry's expectations that he would take action on day one. Shares in crypto miner Riot Platforms, Mara Holdings, Terawulf Inc, and CleanSpark all experienced drops, while Coinbase dropped over 8.5% in the opening hour before recovering slightly. However, Bitcoin continued to climb towards its recent all-time high. Trump's pro-crypto campaign promises were notably absent from his outline of priorities on his first day in office, but his pardon of Silk Road founder Ross Ulbricht has given crypto advocates hope.
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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