U.S. cryptocurrency stocks closed lower as the industry waits for Trump to take action

Odaily reported that on the first day of President Trump's inauguration, the US cryptocurrency stocks collectively fell. Although the industry expected Trump to take action on his first day, he did not mention cryptocurrency. According to data from Google Finance, on January 21, the stock price of cryptocurrency mining company Riot Platforms (RIOT) fell 4.85%, Mara Holdings (MARA) fell 1.76%, Terawulf Inc (WULF) fell 6.88%, and CleanSpark (CLSK) fell 7.67%. The cryptocurrency exchange Coinbase (COIN) fell more than 8.5% to $274.80 within the first hour of opening, but the closing price was relatively flat at $294.19. MicroStrategy (MSTR) also remained basically flat, closing down 1.87% at $389.10, after falling 7% earlier in the day.