As the market is already reflecting this expectation, some are predicting that the Bitcoin price will fall below $100,000.
It was down 4.24% from the same time at 153,491,000 won (approximately US$150,000). At the same time, according to CoinMarketCap, overseas Bitcoin was down 0.9% from the same time the previous day.
It is trading at $102,045 (approximately 15.84 million yen), up 7%. In the 45 minutes from 2 a.m. on the same day as President Trump's inauguration, Bitcoin fell 5.44% and dropped 1
This is a 7.25% drop from the previous afternoon ($108,899) when Bitcoin prices soared on expectations of President Trump's inauguration.
Bitcoin has since recovered some of its losses and is now above $102,000. The reason for the drop in Bitcoin prices is that President Trump made no mention of virtual assets at his inauguration.
During his inauguration speech at the Capitol in Washington, DC, President Trump mentioned immigration, tariffs, and rising prices, but did not mention virtual assets.
Previously, there had been speculation in the industry that President Trump would sign dozens of executive orders, including on virtual assets, as soon as he took office.
Expectations for President Trump's inauguration were already reflected in the market.
However, it has been suggested that Bitcoin may continue to fall further in the near future. Jacob King, an analyst at the crypto asset newsletter Weilwire, said on the 20th (local time) that X (formerly Twitter)
"If the market realizes that President Trump's cryptocurrency affinity policies are just a vote-winner, Bitcoin could fall below $100,000," he predicted through a Bitcoin Wallet report.
He said, "Trump is an extreme dollar and gold apologist who has repeatedly called Bitcoin a fraud in the past," and claimed, "He is far from being a pro-cryptocurrency president."
Ruslan Lienka, an analyst at crypto asset platform Uhodler, also recently commented that "market expectations are already being reflected in prices."
"It is unlikely that (President Trump) will introduce any cryptocurrency-related policies on Inauguration Day, so (Bitcoin) prices may fall as investors seek short-term profits," he said.
I predicted.
2025/01/21 15:23 KST
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