Bitcoin Retreats as Traders Await Trump Crypto Executive Order
(Bloomberg) — Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.
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The market was expecting an executive order on the digital-asset sector but it has failed to materialize so far amid a blitz of other presidential actions.
The largest digital asset slid about 1% to change hands at $101,300 as of 9:46 a.m. Tuesday in Singapore. The token hit a peak of $109,241 ahead of Trump’s swearing in before falling back.
Before the inauguration, Trump and his wife Melania unveiled memecoins that whipsawed the market by diverting flows. Investors later embraced the notion that the move further incentivizes…
