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US crypto stocks close down as industry still awaiting Trump action

US crypto stocks experienced a decline on January 21, 2025, as President Trump’s anticipated actions were delayed. Stocks from Riot Platforms decreased by 4.85%, while Mara Holdings fell by 1.76%, Terawulf Inc dropped by 6.88%, and CleanSpark went down by 7.67%.

Despite the downturn in crypto stocks, Bitcoin showed resilience by increasing 3.45%, trading at 105,770 USD. Investors remain hopeful as Trump pardoned Ross Ulbricht, sparking optimism for future pro-crypto policies.

The overall stock market witnessed a slight improvement with the S&P 500 rising by 0.88%. The US dollar Index declined by 1.27%, reflecting mixed sentiments among investors as they await clear actions from the new administration.

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