Bitcoin dropped 5% to $103,000 following Trump’s inauguration speech on Jan. 20, 2025, which did not address cryptocurrencies. This lack of comments disappointed many traders who were hoping for positive updates regarding crypto.
Despite the decline, Bitcoin dominance increased to nearly 59%, suggesting that altcoins may face delays in rallying. Overall, the crypto market also experienced a 4.2% drop in the last 24 hours, reflecting negative investor sentiment.