The crypto market faced a massive plunge following President Donald Trump’s inaugural address, which notably omitted any mention of digital currencies. This omission sparked disappointment among crypto enthusiasts, leading to sharp price declines and substantial liquidations.
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$1.2 Billion Liquidated in 24 Hours 💸
In the 24 hours following the speech, over $1.2 billion in leveraged crypto positions were liquidated, marking the largest wipeout of 2025 so far. The market's reaction highlighted the high hopes investors had for a crypto-friendly presidency.
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Market Expectations Dashed 📉
Trump’s silence on blockchain, cryptocurrencies, and Web3 left the community unsettled. Many expected the speech to signal support for digital innovation, especially given recent discussions about regulatory clarity in the U.S.
Instead, tokens across the board saw steep declines:
Bitcoin (BTC) fell by nearly 8% in a matter of hours.
Ethereum (ETH) dropped 9%, with other altcoins following suit.
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Investor Sentiment Takes a Hit 😟
The absence of any mention of digital assets in the address was interpreted as a lack of immediate support or interest in advancing crypto-related policies. This resulted in a wave of sell-offs, particularly from over-leveraged positions, exacerbating the downturn.
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Community Reactions 🗨️
The crypto community took to social media to voice concerns:
Some criticized the administration for sidelining a critical sector of innovation.
Others remained optimistic, viewing the lack of mention as a neutral stance, rather than a negative one.
💡 Pro tip: Many traders are advising caution during periods of high market volatility and suggest reducing leverage to avoid liquidation risks.
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What’s Next for Crypto? 🔮
While the market’s reaction underscores the importance of political support for crypto, many believe this setback is temporary. Analysts predict that long-term trends and global adoption will ultimately drive recovery.
For now, traders and investors are keeping a close watch on upcoming regulatory announcements and policy decisions to gauge the administration's stance on crypto.
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Stay tuned for more updates on this evolving story!