The price of Bitcoin 
$96,620 dropped to $91,231 in the last 24 hours, impacted by Trump’s tariff moves. Despite this setback, the presence of a cryptocurrency-friendly administration in the US remains a significant factor. Although this reality may not be given due consideration, its potential long-term contributions to the markets are anticipated to be substantial.
February 4th: Cryptocurrency Announcements
President Trump has mentioned the establishment of a special team dedicated to cryptocurrencies. Furthermore, he issued executive orders that outline various topics for institutions to research regarding cryptocurrencies. Additionally, a unit focused on artificial intelligence and cryptocurrencies has been set up in the White House, led by David Sacks. This crypto-friendly figure will hold a press conference tomorrow at 2:30 PM US time.
The agenda for this press conference is to discuss how the Trump administration and Congress will collaborate to position America as a leader in the digital asset ecosystem.
During the press conference, discussions will cover the development of cryptocurrencies and potential actions the US government may take in this regard. This event represents a first of its kind in the White House context and emphasizes the Trump administration’s commitment to cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
