Crypto market rally as Trump returns to White House #BTCBreaksATH

Donald Trump was inaugurated as US President yesterday for the second time, which had an immediate impact on the cryptocurrency market.

Before the inauguration, Bitcoin reached its highest levels in history, driven by expectations of more supportive policies for technology and innovation.

Rapid correction after the peak:

Bitcoin reached $109,300, affected by the rise in momentum surrounding crypto on social media, as many analysts expected Bitcoin to reach higher levels.

According to Santiment analysis, this excessive optimism often reflects and is called contrarian indicators, as historically, excessively optimistic expectations are associated with sharp corrective price movements due to whale selling.

Santiment explained that the trends indicate the dominance of greed and fear of missing out (FOMO), making the market vulnerable to a short-term correction.

The platform recommended that traders be cautious and take an approach contrary to most prevailing expectations.

Lack of statements supporting Bitcoin:

Despite expectations that Trump would talk about cryptocurrencies or a strategic reserve of Bitcoin during his speech, there was no mention of these topics, which led to Bitcoin falling to the $102,000 level.

Other cryptocurrencies were also affected, more than 9%, while the