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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Crashes As Blockchain Absent From Trump's Day 1 Executive Orders

Donald Trump Crypto Executive Order blockchain Bitcoin David Bailey Inauguration Ethereum
The broader crypto market is down after Donald Trump wrapped up Day 1 of his second presidency without signing executive orders targeted for the crypto industry. (Credit: Bybit/flicker.com)

KEY POINTS

  • Bitcoin plunged over 3%, Ethereum bled 4.2% and $XRP decreased 3.7%
  • Hopes were high last week that Trump will sign a crypto-focused EO on Day 1
  • Some crypto maxis remain bullish despite the absence of crypto-centric EOs

The broader cryptocurrency market is starting Tuesday in the red, with all major coins down, including Bitcoin, the world's largest digital currency by market capitalization.

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