Bitcoin (BTC-USD) is facing some pressure after President Donald Trump’s inaugural speech did not mention the crypto space, disappointing investors hoping for crypto-friendly executive orders. However, Yahoo Finance senior reporter Alexandra Canal points out on Catalysts that despite the dip, bitcoin still remains above $100,000. The crypto asset climbed to a record $109,000 in the early morning hours ahead of Trump’s inauguration ceremony. Meanwhile, memecoins tied to Trump and First Lady Melania Trump (TRUMP-OFFICIAL-USD, MELANIA-USD) sparked debate, fueling optimism within the crypto trading community while also raising concerns about crypto’s credibility. Skybridge Capital founder Anthony Scaramucci — who also briefly served as the White House Director of Communications in the first Trump administration — called the Trump family memecoins "gambling token[s]" and a "clearing station for bribery" when speaking to Yahoo Finance at the World Economic Forum (WEF) in Davos, Switzerland. Also discussed is the US dollar (DX=F, DX-Y.NYB) being under pressure as potential tariffs loom, while shares of Trump Media & Technology Group (DJT, DJTWW) remain volatile following Trump’s reentry into the White House.
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