Bitcoin price today: slips to $102k as Trump boost fades, $TRUMP tumbles
Investing.com-- Bitcoin fell on Thursday after a short-lived rally on hype over more crypto-friendly policies from President Donald Trump, with his recently launched memecoin also clocking steep losses.
Markets were left wanting as Trump did not sign any executive orders related to crypto in his first few days in office, despite several industry participants hoping for such a move., which logged wild price swings since its debut, also contributed to additional volatility in markets, while hype over artificial intelligence saw risk-heavy traders turn more biased towards equity markets.fell 2.9% to $102,600.2 by 00:54 ET .
A major point of contention for crypto markets was also that Trump signed no crypto-related executive orders, while his threats of tariffs on major economies dented risk appetite. The President was seen largely avoiding questions over the billions of dollar of paper gains he had likely made from $TRUMP.) CEO Larry Fink offered some positive comments on Bitcoin, stating that he believed the crypto could rise to a $700,000 price if more people adopted it on concerns over the economic and political stability of their countries.
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