Investing.com– Bitcoin pulled back from record highs on Tuesday as traders looked to President Donald Trump for more cues on crypto policy, after he signed a flurry of executive orders on his first day in office.
Crypto markets had rallied on Monday ahead of Trump’s inauguration, especially amid reports that the President would dole out pro-crypto executive orders upon taking office.
But Trump so far made no references to crypto policy, with his orders instead focusing on several other campaign promises, including TikTok, trade, and the energy sector.
slumped from record highs of over $109,000 on this trend, with uncertainty over Trump’s plans for trade tariffs also weighing on risk appetite. The world’s biggest cryptocurrency was trading down 4% at $103,600.0 by 09:45 ET (14:48 GMT).
“Bitcoin got back above the $100K threshold over the weekend on improved short-term momentum,” analysts at Fairlead Strategies…
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