tl;dr
The article discusses the impact of Donald Trump's inauguration on the crypto market. Bitcoin's price experienced significant volatility, dropping from over $107,000 to under $102,000 as the market anticipated Trump's actions toward the industry. Despite fluctuations, Bitcoin reached a new peak abov...
Donald Trump's inauguration as the 47th US president has caused massive volatility in the crypto market, with Bitcoin's price tumbling from over $107,000 to under $102,000. BTCUSD experienced significant fluctuations, dropping to under $100,000 following the Trump family's meme coin saga, then bouncing back to spike above $109,400, before dropping to just under $102,000 at the start of the inauguration.
Total liquidations in the market are over $1.1 billion on a daily scale, with the largest wrecked order worth over $15 million on Binance. The article discusses the impact of Donald Trump's inauguration on the crypto market. Bitcoin's price experienced significant volatility, dropping from over $107,000 to under $102,000 as the market anticipated Trump's actions toward the industry. Despite fluctuations, Bitcoin reached a new peak above $109,400 before dropping again. The total liquidations in the market amounted to over $1.1 billion, with a single wrecked order worth over $15 million on Binance. The article also includes promotional content for Binance and Bybit, as well as information about the author and additional editorial content.
Donald Trump’s inauguration as the 47th US president has officially started, and massive volatility hit the crypto market as expected. Bitcoin’s price tumbled from over $107,000 to under $102,000 as the market prepares for his actions toward the industry after his numerous promises during the campaign. It was already a wild day as the primary cryptocurrency dumped to under $100,000 this morning following the Trump family’s meme coin saga. However, instead of continuing further south, the asset bounced off and headed toward new peaks. Just a few hours later, it knocked down the December all-time high and spiked above $109,400 to mark a new record. More volatility ensued in the hours leading to the start of the inauguration. Yet, BTC had stabilized for a bit at around $107,000 but dropped hard as the ceremony began to just under $102,000. It has recovered some ground since then, but the total liquidations are still quite high at over $1.1 billion on a daily scale. The single-largest wrecked order took place on Binance and was worth over $15 million.
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ABOUT THE AUTHOR
JORDAN LYANCHEV
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
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