"Bitcoin" drops amid increasing fluctuations in the market after Trump's inauguration

Bitcoin has withdrawn from its highest level, amid increasing fluctuations in encrypted currency markets over Donald Trump’s inauguration as president of the United States. Traders expect Trump to issue pro -screaming currency guidance as part of a series of executive assignments. The largest encrypted assets were traded in New York on Monday at around $ 103,700, a decrease of a previous high of $ 109,241. “The market is upset about Trump’s failure to release any specific promise regarding bitcoin in the inauguration letter,” said Matt Hogan, the investment officer at “Bitwise Asset Management”. He added: “My advice: Read this sentence again. We are at the point where we expect the presidential letters to indicate the encrypted currency.” Before taking the oath, Trump and his wife, Melania, unveiled the “mim” currencies that caused chaos in the market by converting flow. Later, investors accepted the idea that this step would further encourage Trump to adopt the policy of encrypted currencies. A “national priority” earlier “Bloomberg News” reported that Trump is considering issuing an executive order that defines the category of encrypted assets as ‘national priority’. Trump became an enthusiastic supporter of the encrypted assets during the election campaign, after being “trained” one day as a ‘fraud’. The US president has promised to make the United States the capital of cryptocurrencies in the world, and to support the idea of ​​creating a strategic stock “bitcoin”. The broader cryptocurrency market was mixed, as other currencies such as Ethereum and XRB made. The Trump MIM currency was traded at about $ 40 according to the “Coinmarketca” numbers after the total market value reached more than $ 15 billion on Sunday before it dropped sharply. Trump and Melania currencies have been criticized by some of the industry managers, partly due to concern that it may make the image of cryptocurrencies look. Others had a different view. Bin Al -Baz, the administrative director of the Hashkey Global, said the symbols launched by the Republican President and his team increased the momentum of “Takben” as traders are looking for his management “to give priority and reaffirm his dedication to the coding industry.” The “M.” Currencies are a kind of cryptocurrency with questionable value, and they see high fluctuations. These currencies are dependent on the media’s help winds to increase their price, and can slip at the same velocity as their climb. The Trump currency owns a subsidiary of Trump named ‘Cic Digital LLC’, and an entity related to the president called ‘Fight Fight LLC’, which is the same words that Trump was vitarbed after being subject to an assassination attempt that led to his over -injury during the election campaign, 80% of the encrypted Trump. While “some people may feel irritated,” he adds that it is the beginning of a ‘new organizational era’. These symbols will be available for three years. For Bernstein, Gotam Chugani of Bernstein, the M -Currency “who benefits from the Trump brand and its policy has a long life. While” some people are upset “, this is the beginning of a” new organizational era for encrypted currencies. “According to the website, there are about 200 million symbols that are the symbol of the symbol that is not the Shipties. To be” an investment opportunity, an investment contract or a safety of any kind “, said the most important stock exchanges such as ‘Queen Pace’ and ‘Pinance’ that she plans to include the code. have, which represents a wonderful opportunity.