Trump did not mention Crypto Assets, BTC hit a new high of 109K before falling back, TRUMP also dropped to 40 pounds.

During the inauguration ceremony of the US President Donald Trump, the cryptocurrency market saw increased volatility, with BTC reaching a new high of $109,588 before falling back. The meme coin TRUMP, linked to his issuance, also dropped to around $40, a 40% retracement from its peak of $72.

(Not mentioning encryption coin! Trump's inaugural speech issued multiple orders: restore border security, national energy emergency, and everything is America first)

Trump did not mention encryption currency coin, BTC hit a new high of 109K and then fell back

Before taking the oath of office, Trump and his wife Melania launched a meme coin, causing investors to shift funds and impact other encrypted coins. However, investors later changed their minds, seeing this move as Trump's friendly policy towards encrypted coins. BTC reached a new all-time high yesterday afternoon, hitting $109,588.

(The first family crazy coin issuance, TRUMP, MELANIA's money-making effect, BTC once fell below 100,000 pounds)

However, Trump did not mention encryption currency coin at the inauguration ceremony. BTC fell from its high point and once approached the $100,000 mark. At the time of submission, it was reported at $103,137.

And its issuance's meme coin TRUMP also fell to around $40, a 40% retracement from its high of $72.

World Liberty Financial coin sales surged, buy WBTC and ETH again

According to The Block's report, due to the promotion of the first family meme coin issuance, the sales of WLFI tokens, supported by the Trump family-backed World Liberty Financial DeFi project, surged from 91 million US dollars the previous day to over 250 million US dollars on Sunday. The project sold 20% of the initial reserved supply of 100 billion tokens for public sale, but due to strong demand, an additional 5% was made available.

At the same time, according to Arkham, World Liberty Financial continues to diversify its reserves, buying 47 million US dollars worth of WBTC and ETH to celebrate the 47th President of the United States. In addition, TRX, LINK, AAVE, and ENA were also purchased.

Earlier, Tron founder Justin Sun said that Tron DAO has increased its investment in World Liberty Financial by another $45 million, reaching $75 million. He also serves as an advisor to the project.

This article Trump did not mention encryption currency coin, BTC hit a new high of 109K and then fell back, TRUMP also fell to 40 magnesium. First appeared in ChainNews ABMedia.