Bitcoin Price Hovers Near $ 102,000 Ahead of Donald Trump Inauguration

Cryptocurrencies prices are fluctuating as the values ​​of digital assets remain valati, ahead of us president-open donald trump’s sweet-in creatoring-in cache-in Bitcoin’s price dropped by 2.82 percent over the past 24 hours on International Exchanges, According Coinmarketcap Data. At the time of writing, the world’s most widely used cryptocurrency was trading at $ 102,095 (roughly Rs. 88.2 lakh) on Global Platforms. Meanwhile, on Indian Exchanges like Buyucoin, the price of bitcoin dropped by two percent over the last day to trade at $ 107,951 (Roughly Rs. 93.3 lakh).

“BTC faces a critical test at $ 105,000 (roughly Rs. 90.8 lakh). A Decisive Breakthrough at this Level may pay the way for new highs, potentially Reaching $ 110,000 (Roughly Rs, 95.1 Lakh), While Failure May Trigger Retracement, Testing Support at $ 98,000 (roughly Rs. 84.7 lakh) and $ 95,000 (roughly Rs. 82 lakh), “Avinash Shekhar, Co-Founder and CEO, Pi42 Told Gadgets 360 on Manday.

Like Bitcoin, Ether’s Price Dipped by Around One Percent on Both National and International Exchanges on Monday. At the time of writing, eth was trading at $ 3,297 (roughly Rs. 2.85 lakh)

Both btc and eth sadir their values ​​drop shortly after new digital assets were launched by donald trump and his wife, Melania. These altcoins are their prices Skyrocket, hours after they were launched this weekend. Presently, the official trump token is trading at $ 47.8 (roughly Rs. 4,314) while the mememe token is trading at $ 10.04 (roughly Rs. 868), as per coinmarketcap data,

“The launch of Donald Trump’s Own Digital Asset has Raised Investor Confidence in a Crypto-friendly announcing after the inaugence. The meme coin has also been also Led to a spike in Google Searches for Crypto-Related Terms, Signalling an increase in retail interest. Meanwhile, institutions are actively participating, with microstrategy hinting at bitcoin purchases for the 11th week in a row, and bitcoin etfs recording positive nets for three consecactive vehicles, ” Edul Patel, CEO of Mudrex Told Gadgets 360.

The official trump token was launched on the solana blockchain, which propelled the Sol Token to a new all-time high of $ 293 (roughly Rs. 25,343) on Global Exchanges. According to the gadgets 360 Crypto Price TrackerMost Crypto Assets Saw Their Prisis Drop Monday.

These include Ripple, Tether, Dogcoin, Usd coin, Cardanoand Tron,

Similarly, Avalanche, Steellar, Shiba inu, Polkadotand Uniswap We also cheaper at the time of written.

The Overall Valuation of the Crypto Market Shrunk by 2.30 Percent Over The Past 24 Hours, and it Currently Stands at $ 3.55 trillion (Roughly Rs. 3,07,06,394 Crore). “Liquidity appears to be flowing with the newly launched memes that may delay a potential altseason,” The Coindcx Research Team Told Gadgets 360.

Chainlink joined Leo, Iota, Circuits of valueand Bitcoin Hedge Rose in value on Monday.

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