Degen

Contrary to the expectations of a price increase after the inauguration, the cryptocurrency market has not only not seen a price increase, but is also declining and correcting. It seems that the failure to meet market expectations regarding the start of the Trump administration and its impact on the crypto industry has been largely responsible for the current market correction.

The current price drop is led by the official Trump token, which has fallen 43% over the past 24 hours to $35, and the official meme coin of Melania Trump, Trump’s wife, is also down 64% over the past day and is currently trading at $4.1.

After hitting a record high of $109,000 yesterday, the price of Bitcoin has now reached $101,000, and altcoins such as Ethereum, Ripple, Solana, BNB, Cardano, and Dogecoin have also experienced price decreases of between 4 and 8%.