Bitcoin slips as Trump’s speech leaves crypto policy in limbo
Bitcoin (BTC-USD) is facing some pressure after President Donald Trump's inaugural speech did not mention the crypto space, disappointing investors hoping for crypto-friendly executive orders. However, Yahoo Finance senior reporter Alexandra Canal points out on Catalysts that despite the dip, bitcoin still remains above $100,000. The crypto asset climbed to a record $109,000 in the early morning hours ahead of Trump's inauguration ceremony. Meanwhile, memecoins tied to Trump and First Lady Melania Trump (TRUMP-OFFICIAL-USD, MELANIA-USD) sparked debate, fueling optimism within the crypto trading community while also raising concerns about crypto's credibility. Skybridge Capital founder Anthony Scaramucci — who also briefly served as the White House Director of Communications in the first Trump administration — called the Trump family memecoins "gambling token[s]" and a "clearing station for bribery" when speaking to Yahoo Finance at the World Economic Forum (WEF) in Davos, Switzerland. Also discussed is the US dollar (DX=F, DX-Y.NYB) being under pressure as potential tariffs loom, while shares of Trump Media & Technology Group (DJT, DJTWW) remain volatile following Trump's reentry into the White House. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch
