Bitcoin (BTC) reached a new record high driven by excitement surrounding Donald Trump's inauguration, but declined sharply when he failed to mention cryptocurrencies in his speech. Santiment, an on-chain analytics platform, revealed that memecoins gained the most attention after the inauguration, with TRUMP, MELANIA, and Dogecoin (DOGE) trending. TRUMP discussed the risks of investing in a volatile market after listing on Coinbase, while MELANIA experienced significant market activity and volatility due to its association with Trump memecoin. DOGE gained traction due to its connection with Elon Musk's US Department of Government Efficiency and speculation about its future importance.



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