{"id":820125,"date":"2025-01-15T11:12:23","date_gmt":"2025-01-15T17:12:23","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/15\/bitcoin-falls-below-92000-one-week-before-trumps-inauguration\/"},"modified":"2025-01-15T11:12:23","modified_gmt":"2025-01-15T17:12:23","slug":"bitcoin-falls-below-92000-one-week-before-trumps-inauguration","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/15\/bitcoin-falls-below-92000-one-week-before-trumps-inauguration\/","title":{"rendered":"Bitcoin falls below $92,000 one week before Trump\u2019s inauguration\u00a0"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div><a href=\"https:\/\/nairametrics.com\/wp-content\/uploads\/2024\/07\/Bitcoin4.jpg\"><\/p>\n<p><img title=\"bitcoins\" width=\"750\" height=\"375\" alt=\"bitcoins Bitcoin falls below $61,000 following looming activity on Mt. Gox\u00a0exchange\u00a0\" decoding=\"async\" fetchpriority=\"high\"  src=\"https:\/\/nairametrics.com\/wp-content\/uploads\/2024\/07\/Bitcoin4-750x375.jpg\" srcset=\"https:\/\/nairametrics.com\/wp-content\/uploads\/2024\/07\/Bitcoin4-750x375.jpg 750w, https:\/\/nairametrics.com\/wp-content\/uploads\/2024\/07\/Bitcoin4-360x180.jpg 360w\" data-sizes=\"auto\" data-expand=\"700\" ><\/p>\n<p><\/a><\/div>\n<div>\n<p>Bitcoin has continued its decline just one week before the inauguration of President-elect Donald Trump, falling below $92,000.<\/p>\n<p>The leading cryptocurrency briefly dropped below $91,000 on Monday morning before regaining some ground.<\/p>\n<p>This decline, driven by speculation that the US Federal Reserve\u2019s window for further interest-rate cuts is closing, has also impacted the broader cryptocurrency market.<\/p>\n<p>As of 2:34 p.m. Nigerian time on Monday, Bitcoin was down roughly 3% at $91,400.96.<\/p>\n<p>Bitcoin, which reached a record $108,316 last month, was trading at about $94,800 as of 2:23 a.m. on Tuesday in Nigeria. The token\u2019s advance since the US Election Day has moderated to roughly 40%.<\/p>\n<p>Other cryptocurrencies also experienced declines at the start of the week. Ethereum\u2019s native token, Ether, the second-largest cryptocurrency by volume, fell more than 5% to $3,083.01 apiece; Solana dropped nearly 6%; Elon Musk\u2019s preferred digital asset, Dogecoin, decreased almost 5%; and Cardano plunged nearly 8%.<\/p>\n<h4><strong>Investors are concerned\u00a0<\/strong><\/h4>\n<p>Investors are concerned about a prolonged Federal Reserve rate pause due to US economic resilience and the risk of inflationary tariff and immigration policies from President-elect Donald Trump, who will be sworn in next week.<\/p>\n<p>ByteTree Asset Management Chief Investment Officer Charlie Morris noted, <em>\u201cIt makes little sense to try to call a turn until markets get a sense of what the new administration will really mean. We can assume it is pro-crypto, but we cannot escape the fact that major financial markets are richly priced, with the tech sector vulnerable to a pullback.\u201d\u00a0<\/em><\/p>\n<h4><strong>What you should know\u00a0<\/strong><\/h4>\n<p>The president-elect has appointed Paul Atkins, a cryptocurrency advocate, to chair the Securities and Exchange Commission following Gary Gensler\u2019s departure\u2014a move welcomed by the crypto industry.<\/p>\n<ul>\n<li>Atkins, who now leads the consulting firm Patomak Global Partners, has chaired The Digital Chamber\u2019s Token Alliance since 2017, advocating best practices and recommending legal frameworks that promote the crypto industry.<\/li>\n<li>Investors are hopeful that Trump will spur the adoption and legitimization of digital assets. On the campaign trail, he called for a strategic national Bitcoin reserve, declared that all Bitcoin should be mined in the US, and attached his name to multiple crypto projects.<\/li>\n<li>Many in the crypto community believe this is a corrective phase and are optimistic about an enduring boom under Trump.<\/li>\n<\/ul>\n<p>All eyes are now on the cryptocurrency markets as the United States prepares for Donald Trump\u2019s inauguration on 20 January.<\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"bitcoins\" alt=\"bitcoins Israel Ojoko\" src=\"https:\/\/nairametrics.com\/wp-content\/uploads\/2025\/01\/Israel-O-150x150.jpeg\"  height=\"80\" width=\"80\"><\/p>\n<div>\n<h3> <a href=\"https:\/\/nairametrics.com\/author\/israel-ojoko\/\"> Israel Ojoko <\/a><\/h3>\n<p> Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p> Israel Ojoko <a href=\"https:\/\/nairametrics.com\/2025\/01\/14\/bitcoin-falls-below-92000-one-week-before-trumps-inauguration\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has continued its decline just one week before the inauguration of President-elect Donald Trump, falling below $92,000. The leading cryptocurrency briefly dropped below $91,000 on Monday morning before regaining some ground. This decline, driven by speculation that the US Federal Reserve\u2019s window for further interest-rate cuts is closing, has also impacted the broader cryptocurrency<\/p>\n","protected":false},"author":1,"featured_media":820126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,2843],"tags":[11476],"class_list":["post-820125","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-falls","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820125"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820126"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}