By 4:30 AM Beijing time, there was still no news related to the executive order, so there is no need to wait any longer. However, from the current sentiment of American investors, it is still quite good. Although at one point, due to the lack of any mention of cryptocurrency in the inauguration speech, the price of $BTC briefly fell to around $100,000, the market remains relatively stable under self-adjustment.
The next challenge will be for the Asian markets in the morning. It remains to be seen how they will react when they find that the BTC price, which just broke a new high, has returned to yesterday's level, and what the feelings will be as the two Trump-related memes have seen declines. Overall, the process of Trump's inauguration has gone smoothly without any issues, successfully completing the transfer of power. Moreover, at the same time as the oath-taking, Trump's WORLD LIBERTY FINANCIAL company purchased $47 million worth of #Bitcoin and $47 million worth of #Ethereum.
So although cryptocurrency was not mentioned in Trump's speech, his company represents his stance, continuing to support the development of cryptocurrencies, especially in the fields of #BTC and #ETH. Additionally, Trump has staked the purchased ETH in LDO. Indeed, voting with money is more effective than voting with words.
Tomorrow, the US stock market will reopen, and we can gauge investor performance through stock index futures. However, from the current data, the US dollar index is on the decline. If it continues to fall tomorrow, it will favorably enhance investors' risk appetite.