Bitcoin Dips as Trump Token Falls Over 20% Amidst Cooling Crypto Market
On January 20, 2025, following Donald Trump’s inauguration, cryptocurrency prices fell sharply. Bitcoin decreased by about 5%, while a token named TRUMP dropped 22%, and a meme token created by Melania Trump plummeted 58%. Despite initial optimism around Trump’s presidency potentially benefiting the crypto industry through supportive policies, the absence of specific announcements during the ...