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Trump’s return to office fails to ignite Bitcoin: BTC drops 5.7% from ATH

Bitcoin, after Trump’s inauguration, dropped from 109,356 USD to 103,092 USD, a decline of 5.7%. The overall crypto market saw a 1.5% increase, reaching a valuation of 3.55 trillion USD.

Trading activity surged to 354.87 billion USD in 24 hours, with 171 billion USD in Tether (USDT) and 132 billion USD in Bitcoin trades. Liquidations in the derivatives market totaled 826.58 million USD, mainly impacting Bitcoin and Ethereum positions.

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