Trump’s Inauguration Fails to Impress Crypto Markets, Experts Remain Optimistic

Bitcoin’s price retreated from its all-time high above $109,000 after President Donald Trump’s inauguration failed to deliver on expectations of a national “priority” for crypto. Despite this, experts remain optimistic about the potential impact of Trump’s presidency on the crypto market.

Bitcoin’s Disappointing Day

Bitcoin’s price dropped to $105,000 on Tuesday, wiping out its recent gains. Other top altcoins, including Ethereum and XRP, also suffered losses. Trump signed over 80 executive orders on his first day in office, but none of them addressed the crypto market.

Volatility Ahead for US-Based Crypto Assets

The lack of action on crypto from Trump’s administration has raised concerns about potential volatility in the weeks ahead. The promised Bitcoin strategic reserve and pro-crypto policies may not materialize, leading to uncertainty in the market.

Top 5 Tokens Trending in the US

According to CoinGecko, the top three tokens trending in the US are Official Trump (TRUMP), Melania Meme (MELANIA), and Department of Government Efficiency (DOGE). Bitcoin ranks fifth in popularity and 24-hour trade volume.

  • Official Trump (TRUMP)
  • Melania Meme (MELANIA)
  • Department of Government Efficiency (DOGE)
  • Solana (SOL)
  • Bitcoin (BTC)

What to Expect from Solana, Bitcoin, and XRP

Solana’s weekly price chart shows signs of further gains, with the token 20% away from its peak of $295.83. Bitcoin hovers close to its all-time high of $109,000 and could target the 127.2% Fibonacci retracement level at $125,080. XRP could rally another 25% and extend its gains to enter price discovery at $3.9815.

Expert Insights

“Actions speak louder than words. President Trump’s exceedingly crypto-friendly appointments at the Treasury and Securities and Exchange Commission (SEC) should help support the sector overall.” – David Morrison, Senior Market Analyst at Trade Nation

“Price surges around major political events are often rooted in speculative narratives and wishful thinking rather than concrete policy shifts. The market’s volatility underscores a need for tempered expectations and a focus on long-term fundamentals over speculative milestones.” – James Toledano, COO of Unity Wallet

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