The cryptocurrency market experienced a significant pullback after Donald Trump's oath-taking ceremony. Despite anticipation, Trump did not focus on cryptocurrency during his inauguration speech, leading to a downturn in the crypto space.
The prices of Melania and Trump meme coins, popular with meme enthusiasts, crashed as speculative interest waned. Bitcoin's value also retraced to its previous low of $102,000 amid market uncertainty.
Market analysts had speculated on such an occurrence, predicting volatility surrounding the inauguration without mention of crypto.