Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools
KEY POINTS
1. "Official Trump," a token representing the new U.S. leader, plunged as much as 26% in 24 hours.
2. A meme token released Sunday by first lady Melania Trump also crashed.
3. Trump's inauguration Monday lacked any concrete policy announcements regarding crypto.
Bitcoin and other cryptocurrencies sank on Tuesday, as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump's inauguration.
"Official Trump," a token launched last week that represents the new U.S. leader, plunged as much as 26% in 24 hours, according to CoinGecko data. Meanwhile, a meme token released Sunday by first lady Melania Trump, roughly halved in price in a day.
