#Trump's Inauguration Sends Crypto Market into Turmoil#
Hot Topic Overview
Overview
The crypto market experienced significant volatility following Trump's inauguration. Trump family crypto project WLFI made large on-chain purchases of LINK, AAVE, TRX, and other cryptocurrencies, drawing market attention. The Trump family also registered Ethereum domain names and rumors circulated about their son launching a token on Ethereum, resulting in a rebound in Ethereum prices. However, Trump's inaugural speech did not mention Bitcoin being incorporated into the national reserve, leading to market disappointment and a Bitcoin price correction. Additionally, the meme coin issued by the Trump family sparked controversy, with some critics accusing them of using the presidential position for personal gain. Overall, the crypto market exhibited volatility after Trump's inauguration, and investors need to be cautious in their investments.
Ace Hot Topic Analysis
Analysis
The crypto market has seen significant fluctuations since Trump's inauguration. The Trump family's crypto project, WLFI, has made large on-chain purchases of LINK, AAVE, TRX, and other cryptocurrencies, sparking market discussions. Meanwhile, the Trump family has registered multiple Ethereum domains, and rumors have surfaced about their son launching a cryptocurrency on Ethereum, leading to a rebound in Ethereum prices. However, Trump's meme coins, TRUMP and MELANIA, have experienced significant fluctuations, causing controversy. The market is closely watching the series of executive orders following Trump's inauguration, particularly regarding the inclusion of Bitcoin in the national reserve. Some analysts believe that Trump's policies will have a major impact on the crypto market, but the specific impact remains unclear. The market is currently in a wait-and-see mode, awaiting further clarity on Trump's policies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's presidency will have a significant impact on the cryptocurrency market, and his policies will determine whether Bitcoin will become a US national strategic reserve asset.
The investment behavior of the Trump family's cryptocurrency project WLFI has attracted market attention. Their large-scale purchases of LINK, AAVE, and TRX are seen as a bullish signal for these projects.
The Trump family's cryptocurrency project WLFI's investment behavior has been interpreted by some as a project advertisement. Their purchase amount is all $4.7 million, which is believed to be deliberate.
After taking office, Trump's policies will have a significant impact on the cryptocurrency industry. The market expects him to push for deregulation in the crypto industry, and may even include Bitcoin in national reserves.