The cryptocurrency market has seen significant changes since Donald Trump’s inauguration. Bitcoin ($BTC ) hit an all-time high of $109,000 on the eve of the event, but has since adjusted to $102,000.
The launch of meme coins TRUMP and $MELANIA caused an initial buzz, but their prices plummeted after the inauguration, with $TRUMP losing 60% of its value and $MELANIA losing 50%.
Total cryptocurrency trading volume fell by 41%, reflecting investor caution. The lack of mention of cryptocurrencies in Trump’s speech contributed to this decline.
Nevertheless, Solana ($SOL ) set a new record of $275 after launching Trump tokens on its blockchain, underscoring the platform’s potential.
These events demonstrate the volatility of the market and the importance of a cautious approach to investing. It is recommended to carefully analyze market trends and political events before making investment decisions.
