🟦Donald Trump’s inauguration drew significant attention from the cryptocurrency community due to active support for his campaign from crypto companies. Three days before the event, Trump’s team launched the TRUMP meme coin, which surged in value, entering the top 20 largest crypto assets.
🟦However, the inauguration speech failed to meet investor expectations, as it did not include any mention of cryptocurrencies. This disappointment triggered a drop in Bitcoin’s price from $106,500 to $100,500 (-6%).
🟦Despite this, both the TRUMP meme coin and Bitcoin partially recovered by the evening.