The Trump 2.0 era has officially begun, and the three major US stock indices have risen in unison. The SEC announced a special cryptocurrency team led by "Crypto Mom" Hester Peirce, but stocks related to cryptocurrencies fell yesterday. MicroStrategy has bought more Bitcoin, and now owns a total of 461,000 Bitcoins.
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ToggleTrump did not impose tariffs, stocks and bonds rose in unison
The President had previously vowed to impose high tariffs on various countries, but on the first day of his term, he surprisingly lacked action. After being sworn in, he issued a series of executive orders, making adjustments to companies in industries such as electric vehicles, private prison operators, and space exploration.
Although the suspension of tariff measures may only be temporary, the three major US stock indices all rose yesterday, celebrating the official start of the Trump 2.0 era.
Crypto Mom Peirce leads special team
Trump did not mention cryptocurrencies at all during the inauguration ceremony, and Bitcoin fell back from its previous historic high of $109,588.
The US Securities and Exchange Commission (SEC) announced a special cryptocurrency team led by "Crypto Mom" Hester Peirce, but stocks related to cryptocurrencies fell yesterday. Investors are eagerly awaiting the Trump administration to introduce policies favorable to digital assets.
MicroStrategy buys more Bitcoin
MicroStrategy has spent another $110 million to buy Bitcoin, at an average price of $101,191 per Bitcoin. As of 1/20, MicroStrategy owns 461,000 Bitcoins, with a year-to-date Bitcoin return of 1.69%.
MicroStrategy (MSTR) stock price fell 1.87% yesterday, closing at $389.10. It has risen nearly 30% so far this year.
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.
