Bitcoin’s price fluctuated between $109,460 and $109,000 in the days leading up to President Trump’s inauguration. The turbulence in the market was caused by the political unrest and the rise of the $TRUMP memecoin and $MELANIA, which were popularized over the weekend. Coinbase’s premium fell as the chaos erupted. This could be a sign of waning interest or an increase in sellers. What force, hidden outside of the US, played an important role in preventing a more serious collapse? You will be surprised by the answer.
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