Bitcoin and other cryptocurrencies fell on Tuesday, reversing recent gains following President Donald Trump's inauguration. Bitcoin dropped 4%, with ether and XRP losing 2% and 6%, respectively. The TRUMP token plunged 26%, and a Melania Trump-inspired meme token dropped 54% in a single day Investors initially viewed Trump’s presidency as favorable for cryptocurrencies, citing promises of supportive policies, but the absence of concrete announcements during his inauguration dampened optimism.
