The long-awaited inauguration ceremony of Donald Trump, who is now the 47th President of the United States, has taken place.

Despite numerous reports of a possible inclusion of cryptocurrency in his speech, Trump did not mention it once, which triggered a massive collapse of the entire market.

Immediately after the inauguration began, the price of BTC fell by more than five thousand dollars, rising from over $ 107,000 to less than $ 102,000 in a matter of minutes.

However, it managed to recover a little and jumped to $ 105,000 during the speech. But after the ceremony ended, during which Trump did not mention the digital asset industry at all, BTC and the rest of the market immediately rushed lower.

BTC's fall led to a decline to $ 100,500. Many altcoins lost even more, including the official Trump meme coin . The newly launched asset has fallen more than 20% in the last hour alone and is now struggling to stay above $40. Recall that earlier today it peaked above $70, but faced a lot of competition and criticism after the launch of the Melania Trump alternative.

Other big losers were SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK and others, all of which fell more than 6% in the last hour.

The total cryptocurrency market capitalization has grown from a daily high of over $3.850 trillion to $3.6 trillion during the crash.

Over the same time period, the collapsed positions have grown to almost $200 million. According to CoinGlass, almost 400,000 traders were liquidated daily.

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