Bitcoin (BTC) fell to an intraday low of $100,173 on Tuesday, only a day after surging to a new all-time high of $109,350. Despite the sharp drop, BTC held above the $100,00 level. Data from Santiment showed BTC prices correcting quickly even as social media showed significant greed and FOMO following Trump’s inauguration. Trump Ignores BTC In Inauguration Speech Bitcoin (BTC) faced a bit of a wobble after reaching a new all-time high in the hours leading up to Trump’s inauguration. However, BTC dropped from its all-time high after the inauguration, initially dipping to an intraday low of $99,514 before recovering to settle at $102,408. BTC’s minor collapse can be attributed to Trump’s inauguration speech or what was not in it. Markets were left disappointed after the president failed to mention BTC or crypto. The subsequent decline led to BTC liquidations of around $253 million, with the largest single liquidation order, valued at $12.54 million, placed on Binance. Data from Santiment also showed major greed and FOMO among Bitcoin traders. One report attributed BTC’s rapid recovery last week was fueled by aggressive spot buying, adding that a significant portion of the buy volume came from US-based exchanges. According to the report, the buying pattern mirrored that of MicroStrategy and ETF buys, suggesting institutional demand for BTC remained strong. MicroStrategy Continues BTC Buying Spree MicroStrategy continued its BTC shopping spree, adding a staggering 11,000 BTC , valued at $1.1 billion to its holdings. MicroStrategy disclosed the purchase in a disclosure document shared by its executive chairman, Michael Saylor. The firm acquired its latest stash of BTC at an average price of $101,191. This is the firm’s first BTC purchase after Donald Trump assumed office. MicroStrategy now holds a staggering 461,000 BTC valued at $48 billion. “MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 $BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin.” MicroStrategy has become the world’s largest publicly traded BTC holder under Saylor, with the firm planning to acquire more of the asset by 2028. Saylor shared an ambitious 21/21 roadmap that aims to take the company’s BTC holdings to a valuation of over $100 billion, even at current companies. Several other firms, including Riot Platforms and Marathon Digital, are implementing MicroStrategy’s aggressive approach to acquire BTC . Bitcoin Price Analysis Bitcoin (BTC) surged to a new all-time high on Monday, reaching $109,312. However, it could not stay above $109,000, quickly dropping to an intraday low of $99,516 before settling at $102,408, down nearly 7% from its all-time high. BTC’ s price action began picking up last week after it recovered from a low of $89,397. The price registered an increase of 2.19% on Tuesday to move past the 20-day SMA. Buyers retained control on Wednesday as BTC crossed the 50-day SMA and settled at $100,051 after rising nearly 4%. However, it lost momentum on Thursday, dropping to an intraday low of $97,094 before settling at $99,798. Buyers returned to the market on Friday as BTC surged past $100,000 to settle at $103,732. Source: TradingView Bearish sentiment returned over the weekend, and the price dropped marginally on Saturday. BTC faced volatility on Sunday as buyers attempted a recovery. As a result, BTC reached an intraday high of $106,552 before dropping over 2% and ending the weekend at $101,434. The flagship cryptocurrency surged to a new all-time high on Monday, reaching $109,312 in the hours leading up to Donald Trump’s inauguration. However, it quickly dropped and settled at $102,408. Markets picked up on Tuesday, and BTC registered an increase of almost 4% to settle at $106,056. The current session sees the price down just over 1% and trading just under the $105,000 mark. Sellers will look to drive BTC toward the $100,000 level where it could find support. On the other hand, if buyers retake control, we could see BTC push towards $110,000 and possibly set another all-time high. BTC’s RSI currently sits at 62, indicating bullish sentiment. The MACD has also flipped to a bullish crossover, indicating a buy signal. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
