#Trump Inauguration, Cryptocurrency Market in Turmoil#

On the day of Trump's inauguration, Bitcoin reached an all-time high, breaking through the $109,000 mark. The market widely believed this was due to investors' expectations of Trump's support for cryptocurrencies. During his campaign, Trump had pledged to make the US the "Crypto Capital of the Earth" and establish a "strategic national Bitcoin reserve," fueling investor optimism. However, Melania Trump's memecoin, which was also released, drew liquidity away from major assets, causing Bitcoin to decline earlier in the day. Nevertheless, Bitcoin ultimately broke its record high on the eve of Trump's inauguration, indicating positive market expectations for his crypto policies. Additionally, the trading volume of Trump family tokens reached $12 billion, further driving transaction volume and fees on blockchain networks such as Solana. However, some analysts warned investors about the risks of memecoins, noting that their value hinges on community behavior and Trump's actions. Overall, Trump's inauguration had a complex impact on the crypto space, marked by both positive expectations and potential risks. Future developments remain to be observed.