The cryptocurrency market experienced a significant crash following Donald Trump's inauguration speech, which notably omitted any mention of digital assets. Despite a brief spike during the speech, Bitcoin and other cryptocurrencies plummeted after it became clear that Trump would not address the industry. The crash resulted in losses of over 20% for Bitcoin and more than 6% for numerous other cryptocurrencies, including SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and others. The total crypto market cap dropped from over $3.850 trillion to $3.6 trillion, with nearly $200 million in wrecked positions and the liquidation of almost 400,000 traders.
Donald Trump ’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.
Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.
Finance CRYPTOCURRENCY BITCOIN TRUMP MARKET CRASH LIQUIDATION
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