Hold onto your hats, folks! The rollercoaster ride that is Bitcoin has taken us on yet another whirlwind adventure. In just a matter of minutes, BTC took a nosedive from a sky-high $107,000 to a still-impressive, yet lower, $102,000. And what’s the spark behind this wild ride? None other than the inauguration of Donald Trump as the 47th President of the United States.
Now, it's no secret that Trump’s presidency has crypto enthusiasts on the edge of their seats. With all those campaign promises about shaking up the industry, everyone was braced for a bumpy ride. And boy, did Bitcoin deliver!
Earlier in the day, Bitcoin had already given us a taste of its unpredictable nature. It dipped below $100,000 following some meme coin drama linked to the Trump family. But like a phoenix rising from the ashes, Bitcoin shot back up, reaching new heights and even surpassing December's record by hitting over $109,400!
As the hours ticked closer to the inauguration, volatility was the name of the game. Bitcoin wobbled its way back down to around $107,000, only to take another plunge as Trump took the stage, sliding under $102,000. But fear not, the crypto king has shown resilience, clawing back some of its losses.
Despite the chaos, the market remains highly liquid, with over $1.1 billion in daily liquidations. The biggest hit? A massive $15 million order on Binance. So, buckle up, crypto fans—this is just another day in the ever-exciting world of Bitcoin! Keep your eyes peeled for what’s next, because in this market, anything can happen!
