Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.

Although Trump has been relatively quiet on crypto on day one of his presidency, the bitcoin community is watching closely.

President Trump failed to keep his promise to implement a crypto 'executive order' on day one, omitting any mention of crypto or Bitcoin.

No crypto-related orders were included in President Donald Trump’s flurry of first-day actions, as prices sank.

The Trump administration took its first step on Tuesday towards reducing regulatory barriers for the cryptocurrency industry. In a move eagerly awaited by digital asset enthusiasts, the Securities and Exchange Commission (SEC) announced that Acting Chair Mark Uyeda has launched a “crypto task force” to create a clear and comprehensive regulatory

Donald Trump took office as the 47th U.S. president on Monday, delivering an inaugural address that excluded any mention of digital assets. His first-day executive actions also omitted cryptocurrency policies despite earlier reports suggesting he might prioritize crypto with measures like establishing a crypto council or addressing crypto de-banking.