Trump Day 1: Dollar & Bitcoin dip, Memecoins crash
The dollar index dropped nearly 1% to 108.3 following the inauguration speech of President Trump, as the President did not confirm the implementation of immediate tariffs on day one, as previously pledged.
Bitcoin surged over 5% to reach a record high of $109,000 ahead of President Trump's inauguration. However, a newly released document from the Trump administration to Republican lawmakers outlining immediate priorities made no mention of bitcoin or cryptocurrency, prompting some selloffs.
Meanwhile, presidential memecoins are being decimated today. Official Trump is down another 44%, Official Melania Meme is down 24%, and Official Barron has plunged 92%.
Bitcoin surged over 5% to reach a record high of $109,000 ahead of President Trump's inauguration. However, a newly released document from the Trump administration to Republican lawmakers outlining immediate priorities made no mention of bitcoin or cryptocurrency, prompting some selloffs.
Meanwhile, presidential memecoins are being decimated today. Official Trump is down another 44%, Official Melania Meme is down 24%, and Official Barron has plunged 92%.
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