Bitcoin’s price settled below its all-time high and the Official Trump memecoin, $TRUMP, took a hit during Donald Trump’s inauguration as U.S. President on January 20, 2025. Traders are holding out hope that executive orders from Trump might turn things around for both assets.
Earlier that day, Bitcoin had climbed past $110,000, setting a new record, but it quickly slid back, dipping as low as $101,440 on Binance. At the same time, $TRUMP, the memecoin tied to the new president, dropped over 40% in the last 24 hours, falling below $39 after its big debut on January 17.
This kind of price pullback isn’t unusual—Bitcoin and other cryptocurrencies often see profit-taking after hitting peaks. Still, the crypto crowd’s anticipation about Trump possibly signing off on a strategic Bitcoin reserve has added some extra jitters, influencing Bitcoin’s price swings and keeping things choppy as the new administration kicks off.
