Crypto Market in Limbo as Trump Omits Sector From Day One Orders
- Investors were expecting Trump to issue a pro-crypto directive
- President and his wife started memecoins before inauguration
A cartoon image of Donald Trump holding a Bitcoin token at a store in Hong Kong.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Bitcoin held a retreat from a record as traders awaited crypto policy directives from President Donald Trump following his inauguration.
The market was expecting an executive order in support of the digital-asset sector but it didn’t appear in Trump’s blitz of actions on his first day in office. He focused instead on topics such as immigration, trade, energy and TikTok.