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Bitcoin Fades From Highs After No Crypto Mentions During Trump's Inauguration Speech
The president has promised — and seems intent on delivering — policies embracing what possibly could become transformative technology.
Updated Jan 20, 2025, 6:03 p.m. Published Jan 20, 2025, 5:46 p.m.
What to know:
- Now president, Donald Trump didn't make mention of bitcoin or crypto in his inauguration speech.
- The price fell as Trump spoke, but remains above $100,000.
- Trump has promised and so far appears to be delivering on a far more friendly crypto policy stance than the previous administration.
A possible U.S. strategic bitcoin reserve will have to wait at least a bit longer as President Donald Trump didn't bring the subject up at his inauguration speech on Monday afternoon.
In addition to that disappointment, a report showing GOP congressional priorities didn't include mention of bitcoin or crypto.
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Already on a wild ride both higher and lower over the past days, the price of bitcoin fell during the speech, now testing the $100,000 level and down from an overnight high above $109,000.
While the previous administration chose to focus on the negative in its unrelenting attacks on crypto over the past years, Trump has promised — and seems intent on delivering — policies embracing what possibly could become transformative technology.
Among his moves prior to today, Trump appointed venture capitalist and former PayPal COO David Sacks as the White House's so-called "A.I. & Crypto Czar." He has also nominated longtime D.C. veteran and crypto advocate Paul Atkins to lead the Securities and Exchange Commission.
Trump's crypto embrace — at least to some — hasn't been without missteps. Just over the weekend, the president ignited a speculative frenzy with the Friday evening launch of the Trump memecoin, that was shortly followed by a memecoin associated with his wife Melania.
"It’s absolutely preposterous that he would do this," said Nic Carter of crypto investment firm Castle Island Ventures and an otherwise major supporter of Trump. "They’re plumbing new depths of idiocy with the memecoin launch."
A check of Polymarket finds the betting odds of a strategic bitcoin reserve being created in Trump's first 100 days in office have dipped to 45% from a high of 60% earlier in the day.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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