Bitcoin recently hit a new all-time high, climbing by 3.79% in anticipation of President Donald Trump’s inauguration speech. Yet since that peak, Bitcoin has receded 4.54% and now trades at approximately $104,965. Understanding Bitcoin’s market dominance is crucial for predicting potential price actions. Bullish sentiments still persist as the cryptocurrency market continues to evolve. Investors must analyze these trends to stay informed and make strategic decisions moving forward.