Bitcoin Gains 53% in Value Ahead of Trump’s Second Inauguration

Bitcoin has experienced a significant decline, dropping by $18,000 since its all-time high of $108,300 on January 20. This represents a 16.5% decrease in two weeks, impacting the entire cryptocurrency market.

Key points include:

The current correction is a 12% retracement over the past week, which is less severe than earlier corrections this year.
Historically, major corrections of 20% to over 40% mark the end of bull markets.
Bitcoin's performance leading up to the US election mirrors its trajectory from Trump's first inauguration, gaining approximately 53% in the last 30 days.
Ethereum has faced a more severe decline, dropping 34% before rebounding 20% to nearly $2,600.
Altcoins are also experiencing notable corrections, with many seeing their worst drops since August 2024.
Nearly $1.9 billion in leveraged long positions have been liquidated in the past 24 hours, with estimates suggesting total losses could reach $10 billion.

Market fluctuations continue to raise concerns about future performance and potential further declines.