Because I was reliably informed this was 2025, but it appears I should be expecting a new lockdown at any moment. Bitcoin has surged to its highest all-time price, Donald Trump is about to step into the White House once more,
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
"God candle," Samson Mow, a bitcoin developer who leads the Jan3 bitcoin wallet company, posted to X and referring to a sudden spike in the bitcoin price that creates a "candle" on a trading chart as the bitcoin price suddenly soared, hitting $109,400 on the Coinbase bitcoin and crypto exchange.
Trump- and Melania-themed digital tokens minted billions on paper for the first family while raising conflict-of-interest and foreign influence concerns.
But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.
Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump’s inauguration. The cryptocurrency surged 5.5% amid excitement over Trump’s meme coins, despite a subsequent market decline.
The price of bitcoin and other digital assets has soared since Trump won the US elections. A lavish "Crypto Ball" ahead of Trump's inauguration sold tickets for thousands of dollars. Now, the mood is souring.
Cryptocurrency might be enjoying an upward climb alongside the spotlight, but a sober take around the investment, especially concerning meme coins, could be wiser in the long run, argues "Dr. Doom."
The token reached a market cap of over $200 million within a few hours, prompted by Musk's promise to bring back the defunct app.
Chainalysis reveals 94% of TRUMP and MELANIA tokens are held by 40 wallets, while retail buyers drive trading on Solana's blockchain.