The cryptocurrency market experienced a turbulent day of trading on Monday, triggered by President Donald Trump‘s inauguration.
High expectations for a crypto-friendly presidency were dashed when Trump’s inaugural address did not include any mention of digital currencies. As a result, tokens suffered sharp price drops and substantial liquidations across the market.
The market had rallied significantly in the days leading up to the inauguration. But it fell almost immediately when it was clear that Trump’s speech — his second inaugural address — would not include the topic.
Bitcoin (CRYPTO: BTC), which had been riding a wave of optimism ahead of the inauguration, dropped from $106,000 to $101,000 during Trump’s speech before stabilizing around $103,000. …
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