During Trump's inauguration speech, he did not mention cryptocurrency, causing massive volatility and price slumps in the market. Bitcoin dropped from its all-time high to $100,000, while altcoins, particularly meme coins, suffered even more. Despite some fluctuations, Bitcoin managed to bounce back and reach a new all-time high of just under $110,000. However, during the US presidential ceremony, Bitcoin tumbled to $100,000 due to the lack of crypto mentions. Altcoins also experienced declines, with XRP down 6%, AVAX, XLM, and HBAR down around 8%, and SOL, DOGE, and ADA plunging up to 10.5%. Meme coins, such as FARTCOIN and TRUMP, were the biggest daily losers. The total crypto market cap is down over $200 billion since the previous day.
Content Editor ( cryptopotato.com )
- 2025-01-21
Altcoins Suffer as BTC Drops to $102K Following Trump’s Ceremony (Market Watch)
