The cryptocurrency market, which had sharply risen ahead of the inauguration of U.S. President Donald Trump, is currently undergoing slight adjustments.
According to the global cryptocurrency market overview site CoinMarketCap, as of 7:45 a.m. on the 20th, the price of Bitcoin is trading at $102,955 (approximately 150.26 million won). This represents a decrease of 1.07% compared to the previous day. At the same time, Ethereum is trading at $3,239 (approximately 4.73 million won), marking a 1.29% drop from the day before. Ripple's price fell by 4.99% to $3.06 (approximately 4,500 won).
The decline in the cryptocurrency market that day is interpreted as a short-term adjustment due to investors realizing profits. Trump's inauguration ceremony is scheduled for the 20th in Eastern Standard Time. Over the past week, the cryptocurrency market exhibited signs of overheating ahead of Trump's inauguration. Bitcoin rose by 8.34%, Ripple by 20.60%, and Solana by 29.64% over the last week.