#Trump's Inauguration, Crypto Market in Turmoil#

On Trump's inauguration day, Bitcoin price hit an all-time high, breaking through $109,000. The market generally believes that Trump's positive attitude towards cryptocurrencies during the campaign, and policies such as the "strategic national Bitcoin reserve" that he may introduce after taking office, have fueled investor optimism towards cryptocurrencies. However, the launch of the Trump family token and Melania Trump's memecoin have drawn liquidity away from major assets, causing Bitcoin to pull back earlier in the day. Nevertheless, Bitcoin eventually broke through $109,000, setting a new all-time high. In addition, the Solana blockchain has also attracted attention due to the launch of the Trump family token, with its daily fees reaching an all-time high. Some analysts believe that Trump's "Meme Coin Era" has begun, which will have a profound impact on the crypto market.