MicroStrategy Inc. (NASDAQ:MSTR) shares dropped 2.35% in overnight trading on Robinhood Markets on Tuesday, falling to $386.80 as cryptocurrency markets reacted to President Donald Trump‘s inauguration speech that notably omitted any mention of digital assets.
Trump, Bitcoin and White House
Bitcoin climbed to a fresh record as the US prepares to inaugurate Donald Trump to his second presidential term, following a weekend during which his own newly-launched digital token rattled crypto markets.
Robinhood Markets and Coinbase both drew favorable Wall Street coverage on Friday tied in part to their cryptocurrency businesses. Robinhood stock and Coinbase stock both rallied for a fourth straight day,
Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president. The market was expecting an executive order on the digital-asset sector but it has failed to materialize so far amid a blitz of other presidential actions.
BITCOIN retreated from a record high amid heightened swings in crypto markets around Donald Trump’s inauguration as the 47th US president. Read more at The Business Times.
Robinhood launches localized trading app in Spain, offering crypto trading and staking services as part of strategic European expansion post-MiCA.
The original digital asset gained as much as 5.5 percent to US$109,241 yesterday. The rally came after Trump and his wife, Melania, unveiled memecoins, with Trump’s reaching a market capitalization of more than US$15 billion on Sunday before declining sharply.
On Dec 4, Donald Trump posted on social media that he plans to nominate former SEC Commissioner Paul Atkins to head the agency again. Atkins will succeed the incumbent Commissioner Gary Gensler, widely known for his strong negative view on the digital currency space.
"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Trump’s appointed AI and crypto czar David Sachs said Friday evening while speaking to industry insiders at a crypto industry sponsored black tie gala in DC.
Toro has made key moves, confidentially filing for a U.S. initial public offering (IPO) with aspirations of achieving a valuation of $5B+.
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