$BTC Bitcoin (BTC) price held steady above the $102,000 level on Tuesday after hitting a new all-time high of $109,588 the previous day. Santiment data shows that BTC price quickly corrected, as social media showed massive greed and Fear Of Missing Out (FOMO) among Bitcoin traders following President Donald Trump’s inauguration. Additionally, Bitfinex analysts told FXStreet that Trump’s inauguration ceremony has the potential to be a sell-the-news event.

Bitcoin Wavers as Trump’s Inauguration Speech Ignores BTC

Bitcoin price hit a new all-time high (ATH) of $109,588 on Monday, hours before Donald Trump’s inauguration. However, after the event, BTC quickly fell 6.68% from its ATH, closing at $102,260. The price volatility was fueled by Trump’s inauguration speech, which ignored Bitcoin. According to Coinglass data, BTC liquidations reached $253.45 million in the past 24 hours, and the largest single liquidation order was on Binance – BTCUSDT, worth $12.54 million.