Following Donald Trump’s inauguration as president, the cryptocurrency market exhibits mixed price signals. Bitcoin (BTC) $101,871 remains above the $102K mark, while prominent meme coins like Dogecoin $0.34135 (DOGE), Shiba Inu (SHIB), and Official Trump (TRUMP) experience a decline in value.
Overall Market Situation
The global cryptocurrency market reached approximately $3.52 trillion, marking an increase of 1% in the past 24 hours. However, daily trading volume decreased by 7.5% to $318.11 billion. Ethereum (ETH) $3,250 and Solana $236 (SOL) remained relatively stable during the daily sessions, whereas XRP stayed in the green zone.
Bitcoin and Other Major Coins
At the time of reporting, Bitcoin saw a 1% increase, trading at $102,725. Meanwhile, ETH faced a 0.3% drop to $3,257, and XRP experienced a slight rise to $3.11. Solana, however, declined by 1%, settling at $238.
Performance of Meme Coins
Dogecoin traded at $0.3475, reflecting a 4% decrease, while the TRUMP token plummeted by 21% to $35.19. Shiba Inu also lost 2.5% of its value, now at $0.00002004.
Ali Martinez commented, “The first pro-crypto U.S. President has taken office, and the market is experiencing panic selling.” As investor sentiment remains uncertain, long-term expectations are considered bullish. Analyses from CoinGape suggest that BTC could reach new all-time highs at $120K and $130K.
Comments from “Ash Crypto” noted that Solana’s popularity has surged since Trump’s inauguration, although some users reported issues withdrawing SOL from Coinbase.
Cryptocurrency analysts and traders continue to closely monitor the market’s next price movements.