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$BTC Bitcoin (BTC), the world’s largest cryptocurrency, and other crypto tokens fell on Tuesday, a day after Donald Trump's inauguration. As of 11:42 am IST, Bitcoin was trading at $101,739, down 0.8%, after hitting an intraday low of $100,103. Ethereum declined 0.7% to $3,248. The global crypto market cap saw a slight decline of 0.12%, falling to $3.51 trillion. Other major altcoins also experienced declines on Tuesday. Solana dropped 2.5%, BNB 1%, XRP 0.4%, Dogecoin 6%, Hedera 4.36%, and Shiba Inu 3.3%. Meanwhile, newly launched tokens OFFICIAL TRUMP and Melania Coin plunged 44% and 62%, respectively.
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#BTCBreaksATH Bitcoin Price Hits $110K After a swift recovery on January 19, Bitcoin created a bearish swing failure pattern on the daily chart, leading to a 6.33% crash. Regardless of the short-term correction, Bitcoin price today is up 3.17% and hit a new all-time high (ATH) of $110,000. This development comes ahead of Trump’s inauguration as the odds of a strategic Bitcoin reserve spike to 59% in just a few minutes. Polymarket data shows that the odds of a strategic Bitcoin reserve approval have shot up from 37% to 59% in just a few minutes.
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