Bitcoin (BTC) Drops $5K Amid Trump’s Inauguration, Rebounds to $103K

Bitcoin (BTC) experienced extreme volatility as Donald Trump’s inauguration as the 47th US president unfolded. The cryptocurrency plunged from over $107,000 to just under $102,000 within minutes but has since rebounded to $103,000 at the time of writing.

The market began the day in turmoil, with BTC briefly dipping below $100,000 due to the Trump family’s meme coin saga. However, the asset demonstrated resilience, recovering quickly and climbing to a new all-time high of $109,400, surpassing December’s peak.

Bitcoin (BTC) Braces for Political Uncertainty

As the inauguration approached, Bitcoin stabilized near $107,000 but faced renewed pressure, plummeting during the ceremony to below $102,000. The heightened trading activity led to over $1.1 billion in liquidations within 24 hours, with Binance recording the largest single liquidation order of $15 million.

Despite the dramatic price swings, BTC’s ability to recover reflects investor confidence in the cryptocurrency amid uncertain regulatory signals. Many market participants remain cautious, closely watching Trump’s policy direction and its potential impact on the crypto industry.

Bitcoin’s recent rebound to $103,000 highlights its enduring appeal and adaptability in the face of political and market turbulence. As the new administration takes shape, the cryptocurrency’s trajectory will be closely linked to broader market trends and regulatory developments.

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