BTC Hits $109k: Price Drops 6% Following Trump’s Speech

Bitcoin reached a new all-time high of $109k earlier this morning but later fell by roughly 6%. Analysts link this swift fluctuation to Donald Trump’s inaugural address, which omitted any mention of cryptocurrency or mining. Before the speech, BTC maintained a bullish pattern, yet the lack of expected pro-crypto statements dampened investor enthusiasm.

Daily trading activity amounted to $18bn, up 12% from the previous week’s average. Many traders had predicted Trump would detail future digital asset regulations, so the absence of such remarks led some participants to lock in gains.

Observers expect market volatility to linger in the coming days as participants gauge possible policy moves under the new administration. Nevertheless, long-term investors remain optimistic, citing the sector’s resilient expansion and BTC’s growing acceptance among institutional funds.