
{"id":37504,"date":"2025-01-20T17:13:44","date_gmt":"2025-01-20T17:13:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37504"},"modified":"2025-01-20T17:13:44","modified_gmt":"2025-01-20T17:13:44","slug":"bitcoin-btc-tumbles-by-over-5k-in-minutes-as-trumps-inauguration-begins","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37504","title":{"rendered":"Bitcoin (BTC) Tumbles by Over $5K in Minutes as Trump\u2019s Inauguration Begins"},"content":{"rendered":"<p>Donald Trump\u2019s inauguration as the 47th US president has officially started, and massive volatility hit the crypto market as expected.<\/p>\n<p>Bitcoin\u2019s price tumbled from over $107,000 to under $102,000 as the market prepares for his actions toward the industry after his numerous <a href=\"https:\/\/cryptopotato.com\/from-critic-to-meme-coin-mogul-trumps-unexpected-crypto-journey\/\">promises<\/a> during the campaign.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTCUSD-25.png\"><\/a>BTCUSD. Source: TradingView<\/p>\n<p>It was already a wild day as the primary cryptocurrency <a href=\"https:\/\/cryptopotato.com\/trump-familys-meme-coin-fiasco-triggers-1-1-billion-in-crypto-liquidations\/\">dumped<\/a> to under $100,000 this morning following the Trump family\u2019s meme coin saga. However, instead of continuing further south, the asset bounced off and headed toward new peaks.<\/p>\n<p>Just a few hours later, it knocked down the December all-time high and <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-skyrockets-to-new-all-time-high-hours-ahead-of-trumps-inauguration\/\">spiked<\/a> above $109,400 to mark a new record.<\/p>\n<p>More volatility ensued in the hours leading to the start of the inauguration. Yet, BTC had stabilized for a bit at around $107,000 but dropped hard as the ceremony began to just under $102,000.<\/p>\n<p>It has recovered some ground since then, but the total <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">liquidations<\/a> are still quite high at over $1.1 billion on a daily scale. The single-largest wrecked order took place on Binance and was worth over $15 million.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-tumbles-by-over-5k-in-minutes-as-trumps-inauguration-begins\/\">Bitcoin (BTC) Tumbles by Over $5K in Minutes as Trump\u2019s Inauguration Begins<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s inauguration as the 47th US president has officially started, and massive volatility hit the crypto market as expected. Bitcoin\u2019s price tumbled from over $107,000 to under $102,000 as the market prepares for his actions toward the industry after his numerous promises during the campaign. BTCUSD. Source: TradingView It was already a wild day [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":37505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37504"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37504"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37505"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}