Trump's executive order on cryptocurrency "has not arrived yet" and Bitcoin has been "falling nonstop" since its peak.

Traders are waiting for policy guidance from Donald Trump supporting cryptocurrencies after he takes office as President of the United States, while Bitcoin continues its trend of falling from historical highs. The market had originally expected Trump to issue an executive order targeting the digital asset sector, but due to a series of other actions taken by the President, this executive order has not materialized. Before Trump's inauguration, the largest digital asset Bitcoin had reached a peak of $109,241, then fell and dropped to $100,200 at one point. As of the time of writing, the token has fallen by about 2.8%, trading at a price of $102,800. Before the inauguration ceremony, Trump and his wife Melania launched their own "meme coin," which saw a surge in price upon its release. Investors believe that this move will further motivate Trump to adopt crypto-friendly policies. Cryptocurrency Foreign media had previously reported that Trump was considering issuing an executive order designating this asset class as a "national priority." Despite calling Bitcoin a scam in the past, Trump had changed his stance during the election process, becoming a strong supporter of the digital asset industry, promising to make the US the world's capital of cryptocurrencies and supporting the idea of establishing a strategic Bitcoin reserve. In the broader crypto market, token prices including Ethereum and Solana have also fallen. According to CoinMarketCap data, TrumpCoin's trading price is around $31, with a total market value exceeding $15 billion last Sunday, then dropping significantly. Trump and Melania's meme coin has attracted criticism from some industry executives, partially due to concerns that this coin issuance may make cryptocurrencies appear boring and lack seriousness. However, there are also many individuals with different views. Ben El-Baz, Managing Director of HashKey Global, stated that retail traders hope the Trump administration will "prioritize and reaffirm his commitment to the crypto industry," therefore, the token launched by the Republican Party and their team has further accelerated Bitcoin's momentum. Meme coins are typically small, highly volatile cryptocurrencies that rely on social media visibility to boost prices, but despite rapid price increases, prices can also plummet just as quickly. Trump Token 80% of Trump Token's shares are owned by Trump Group's subsidiary CIC Digital LLC and an entity named Fight Fight Fight LLC, a name that echoes Trump's words after narrowly escaping a bullet during the election campaign. The shares they hold will unlock over three years. Gautam Chhugani of Bernstein believes that "meme coins leveraging Trump's brand and politics may have longevity," marking the beginning of a "new era of crypto regulation." According to the website, 200 million tokens are available immediately, and the supply will increase to 1 billion tokens in three years. The fine print on the website states that the token is not intended to be an "investment opportunity, investment contract, or any type of security." However, major exchanges like Coinbase Global and Binance Holdings Ltd announced over the weekend that they plan to list this token on their platforms. Robinhood Markets also announced on Monday that the company has listed the token. Jonathan Yark, Senior Quantitative Trader at Acheron Trading, stated that meme coins confirm digital assets and, more importantly, that Bitcoin will receive support from the US, bringing significant opportunities.