The Bitcoin and virtual asset markets, which set an all-time high ahead of U.S. President Donald Trump’s inauguration, are experiencing a downturn due to the effects of the inauguration and profit-taking sales. In particular, the news about virtual assets that investors had anticipated was not mentioned during the inauguration.
According to CoinMarketCap, a global virtual asset market tracking site, Bitcoin was trading at $103,289 as of 7:40 a.m. on the 21st. This is an increase of 0.34% compared to 24 hours earlier. At the same time, Ethereum was up 2.38% to $3,309, and Ripple was trading at $3.14, up 2.74%.
Ahead of the inauguration, the meme coin "Official Trump," which surged in price after a surprise issuance by President Trump, is trading at $38, down 13.94% from the previous day. Solana, which also rose with the issuance of Official Trump’s blockchain network, recorded $249, up 0.48% from the previous day.
The previous afternoon, Bitcoin surpassed $109,000 ahead of President Trump’s inauguration, setting an all-time high. This surge reflected expectations that President Trump would introduce pro-virtual asset policies and take steps to revitalize the industry.
However, immediately after the inauguration, Bitcoin's price fell to the low $100,000 range. Foreign media interpreted this as a result of the absence of specific mentions of virtual assets in President Trump’s inaugural address. On the betting platform Polymarket, the probability of the U.S. adopting Bitcoin as a strategic reserve asset in 2025 fell to 36% from over 50% just before the inauguration.