$200 Billion Wiped: Crypto Markets crash as Trump Stays Silent

The cryptocurrency market experienced a massive crypto market crash following Donald Trump’s inauguration as the 47th president of the United States. Despite high expectations from investors and analysts, Trump’s speech made no mention of cryptocurrency, leading to over $200 billion in losses within hours. Bitcoin (BTC) and altcoins like Trump’s Official Meme Coin, HBAR, and LINK saw sharp declines, causing widespread panic and liquidations. In this article, we’ll break down the crypto market crash, analyze the impact on Bitcoin and altcoins, and explore what’s next for the crypto industry under the new administration.

Bitcoin Drops Below $101K Amid Volatility

Bitcoin, the leading cryptocurrency, faced extreme price fluctuations during Trump’s inauguration ceremony, contributing to the broader crypto market crash.

Pre-Speech: BTC was trading comfortably above $107,000.
During Speech: Bitcoin’s price plummeted by over $5, 000, b r i e f l y f a ll in g b e l o w$ 102,000.
Post-Speech: After a brief recovery to $105, 000, BTC n ose d i v e d a g ain, hi tt in g a l o w o f$ 100,500.

This decline marks a significant setback for Bitcoin’s recent rally, which saw it surge past $110,000 earlier in the month. The crypto market crash highlights the influence of political events on digital asset prices, especially in the U.S., where regulatory uncertainty remains a major concern.

Altcoins Suffer Even Bigger Losses

While Bitcoin’s drop was notable, many altcoins experienced even heavier losses during the crypto market crash. Here’s a breakdown of the biggest losers:

Trump’s Official Meme Coin: Down over 20%, struggling to stay above $40 a f t er p e akin g a t$ 70 earlier in the day.
Other Altcoins: SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, and BONK all plunged more than 6% within an hour.
Total Market Cap: The overall cryptocurrency market capitalization fell from $3.850 t r i ll i o n t o$ 3.6 trillion during the crash.

This widespread decline reflects a broader market reaction to Trump’s silence on crypto. Many traders had hoped for a bullish statement or policy direction from the new administration, but the lack of acknowledgment fueled uncertainty and panic selling, exacerbating the crypto market crash.

Mass Liquidations as Market Nosedives

The rapid price drop during the crypto market crash led to a surge in liquidations across major exchanges. According to data from CoinGlass:

Nearly 400,000 traders were liquidated in the past 24 hours.
Total liquidations surpassed $200 million in the same timeframe.

Such high liquidation numbers suggest that many traders were caught off guard, likely holding leveraged positions in anticipation of a positive crypto-related announcement. Instead, the crypto market crash caused significant losses.

What’s Next for the Crypto Market?

While the immediate reaction has been overwhelmingly bearish, the long-term outlook remains uncertain. Here’s what to watch for:

1. Trump’s Stance on Crypto

Trump has previously made mixed comments about cryptocurrencies, criticizing Bitcoin while expressing openness to blockchain innovations. Market participants will closely monitor any policy announcements or executive orders related to digital assets.

2. Regulatory Clarity

The new administration’s approach to crypto regulations, taxation, and adoption will play a crucial role in shaping market sentiment. Clear guidelines could restore confidence, while restrictive policies may exacerbate volatility.

3. Bitcoin Halving Event

Bitcoin’s next halving event, expected in April 2025, could serve as a potential catalyst for renewed bullish momentum. Historically, halving events have led to significant price increases.

4. Macroeconomic Factors

Global economic conditions, including inflation rates and interest rate decisions, will continue to influence crypto prices.

Final Thoughts

The crypto market crash triggered by Trump’s failure to mention cryptocurrency during his inauguration speech erased over

200 bi ll i o n f ro m t h e ma r k e t . B i t co in f e ll b e l o w

101,000, and altcoins suffered even bigger losses. Liquidations soared, affecting nearly 400,000 traders. While uncertainty remains high, investors will be watching closely for any policy announcements from the new administration. The crypto market’s next moves will largely depend on regulatory clarity, macroeconomic factors, and upcoming technological advancements in the blockchain space. For now, traders and investors should exercise caution, manage risk effectively, and stay informed about political developments that could impact digital assets.