#Trump's Inauguration, Cryptocurrencies Surge#
Hot Topic Overview
Overview
On Trump's inauguration day, Bitcoin surged past $109,000, hitting an all-time high. This followed a dip below $100,000 due to the influx of funds into the meme coin launched by the Trumps, resulting in reduced market liquidity. However, as Trump's inauguration neared, market anticipation of his policies and bullish sentiment towards cryptocurrencies drove a sharp rebound in Bitcoin's price. Meanwhile, Solana network experienced congestion due to the surge in trading volume for the Trump couple's token, resulting in record-high daily fees. Although the launch of the Trump couple's token sparked debate within the crypto community, its impact on the crypto market cannot be ignored. It also reflects the market's attention and expectations towards Trump's policies.
Ace Hot Topic Analysis
Analysis
On the day of Trump's inauguration, Bitcoin's price surged to a record high of over $109,000, linked to the meme coin launched by the Trump family. While the Trump family's token initially drained liquidity from the market, causing Bitcoin to dip, Trump's support for cryptocurrency and the anticipation of his inauguration ultimately pushed Bitcoin's price higher. Simultaneously, the Trump family token witnessed massive trading volume, driving Solana's network transactions to record highs, reflecting market interest and enthusiasm surrounding the token. However, some crypto community members criticized the Trump family token, deeming it a scam and expressing concerns about its negative impact on the blockchain industry. Overall, the surge in Bitcoin's price on Trump's inauguration day reflects the market's response to Trump's positive stance on cryptocurrency, the anticipation surrounding his inauguration, and the attention and enthusiasm generated by the Trump family token.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration ceremony will push Bitcoin to become the US national strategic reserve
The Trump family's cryptocurrency will absorb market liquidity, short-term bearish for other coins, long-term bullish for the entire crypto market
The Trump family's cryptocurrency will attract more people to pay attention to the crypto market
2025 may be the year of the crypto revolution
The Trump family's cryptocurrency is a typical memecoin, investors need to be cautious