Crypto Prices Flat Despite Trump's Executive Order
Generado por agente de IAWesley Park
jueves, 23 de enero de 2025, 5:32 pm ET1 min de lectura
BTC--
Bitcoin, Ethereum, XRP, and Dogecoin prices remained relatively flat on Jan. 23, 2025, despite President Donald Trump signing an executive order promoting digital assets and other financial technologies. The order, which established a working group to shape regulation and White House policy around cryptocurrency, was expected to have a more significant impact on the crypto market. However, the lack of immediate price movement suggests that the market may have already priced in the positive developments or that traders are waiting for more concrete details.
The executive order, signed on Jan. 23, 2025, included components that the crypto industry had been lobbying for, such as ensuring that the industry can access banking services and creating a crypto advisory council. Additionally, the order considered the potential creation and maintenance of a national digital asset stockpile, which could indicate increased institutional interest in cryptocurrencies. However, the order also prohibited the establishment of a central bank digital currency (CBDC) in the United States, which could potentially limit the growth of decentralized cryptocurrencies.
Bitcoin traded around $103,000 in the hours following the release of the order, down slightly from levels seen earlier in the day. Ethereum, XRP, and Dogecoin also showed limited price movement, with Ethereum trading around $3,500, XRP around $2.20, and Dogecoin around $0.30. The lack of significant price movement suggests that the market may be waiting for more concrete details on how the executive order will be implemented or that traders are already factoring in the positive developments.
In conclusion, the crypto market's muted response to President Trump's executive order indicates that traders may be waiting for more concrete details or that the market has already priced in the positive developments. While the order includes several components that the crypto industry has been lobbying for, the lack of immediate price movement suggests that the market may be cautious or uncertain about the long-term impact of the order. As more details emerge, the crypto market may react more significantly, either positively or negatively, depending on how the order is implemented.
ETH--
Bitcoin, Ethereum, XRP, and Dogecoin prices remained relatively flat on Jan. 23, 2025, despite President Donald Trump signing an executive order promoting digital assets and other financial technologies. The order, which established a working group to shape regulation and White House policy around cryptocurrency, was expected to have a more significant impact on the crypto market. However, the lack of immediate price movement suggests that the market may have already priced in the positive developments or that traders are waiting for more concrete details.
The executive order, signed on Jan. 23, 2025, included components that the crypto industry had been lobbying for, such as ensuring that the industry can access banking services and creating a crypto advisory council. Additionally, the order considered the potential creation and maintenance of a national digital asset stockpile, which could indicate increased institutional interest in cryptocurrencies. However, the order also prohibited the establishment of a central bank digital currency (CBDC) in the United States, which could potentially limit the growth of decentralized cryptocurrencies.
Bitcoin traded around $103,000 in the hours following the release of the order, down slightly from levels seen earlier in the day. Ethereum, XRP, and Dogecoin also showed limited price movement, with Ethereum trading around $3,500, XRP around $2.20, and Dogecoin around $0.30. The lack of significant price movement suggests that the market may be waiting for more concrete details on how the executive order will be implemented or that traders are already factoring in the positive developments.
In conclusion, the crypto market's muted response to President Trump's executive order indicates that traders may be waiting for more concrete details or that the market has already priced in the positive developments. While the order includes several components that the crypto industry has been lobbying for, the lack of immediate price movement suggests that the market may be cautious or uncertain about the long-term impact of the order. As more details emerge, the crypto market may react more significantly, either positively or negatively, depending on how the order is implemented.
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