TRUMP Token Plummets 26%; Melania Meme Token Drops 54% In A Day

Benzinga

Bitcoin and other cryptocurrencies fell on Tuesday, reversing recent gains following President Donald Trump's inauguration. Bitcoin dropped 4%, with ether and XRP losing 2% and 6%, respectively. The TRUMP token plunged 26%, and a Melania Trump-inspired meme token dropped 54% in a single day Investors initially viewed Trump’s presidency as favorable for cryptocurrencies, citing promises of supportive policies, but the absence of concrete announcements during his inauguration dampened optimism.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Bitcoin and other cryptocurrencies fell on Tuesday, reversing recent gains following

00:06President Donald Trump's inauguration. It dropped 4% with Ether and XRP losing 2% and 6%

00:12respectively. The Trump coin plunged 26% and Melania Trump's inspired meme coin dropped 54%

00:18in a single day. Investors initially viewed Trump's presidency as favorable for cryptocurrencies,

00:23citing promises of supportive policies, but the absence of concrete announcements during

00:28his inauguration dampened optimism. For all things money, visit Benzinga.com

00:32slash GSTV.

Category

Transcript

Recommended