Bitcoin has retreated as traders wait for Donald Trump's pro-crypto policies following his inauguration. Although Trump signed several executive orders in his first few hours in office, none focused on cryptocurrency, leaving the Bitcoin community anxiously awaiting any pro-crypto actions.

Trump's initial executive orders included pardoning individuals convicted of charges related to the January 6 Capitol attack, rolling back some of Biden’s policies, and easing regulations on the oil and natural gas industry. However, crypto enthusiasts were disappointed as no crypto-related policies were signed. Trump and Melania had launched their own crypto tokens before the inauguration, sparking expectations that Trump would support the crypto industry through executive orders. Despite these anticipations, Bitcoin fell by 1% to $101,300, while other cryptocurrencies like Ether and Solana also experienced slight losses.

The lack of pro-crypto action, combined with Trump's earlier statements during his campaign about making the U.S. the "crypto capital of the world" and creating a national Bitcoin reserve, has led to mixed reactions within the crypto community. While some see Trump’s token launches as a positive signal, others worry it might harm the reputation of digital assets, as meme coins are often viewed with skepticism. Some experts believe these new tokens could signal a new regulatory era for crypto, while others remain cautious about the future of Trump’s influence on the market.

#TrumptMarketWatch #Bitcoin #CryptoPolicy