Over the weekend, the cryptocurrency market saw unprecedented volatility. As the newly elected US President Trump prepared to deliver his inaugural address and introduce his personal virtual currency, TRUMP, the market responded with fervor. The price of Bitcoin momentarily soared past the $105,000 milestone. Nevertheless, the launch of Trump's virtual currency, TRUMP, created a diversion effect, drawing significant funds away from other virtual currencies like Ethereum and Avalanche, resulting in their subsequent decline.
