A new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell sky
The cryptocurrency market saw a notable surge on Saturday. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) all experienced a rise in value, as traders anticipate a potential ‘Trump bump’ with the upcoming second Donald Trump presidency.
Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value.
Bitcoin, once the rebel flag-bearer of the cypherpunk movement, now finds itself embraced by the institutions it was designed to circumvent.
The fall comes after the cryptocurrency experienced a meteoric rise, fueled in part by the reelection of Donald Trump.
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
According to some Republican senators, his administration plans to usher through over 100 executive orders in its first days and weeks. By comparison, he signed 33 such orders in his first 100 days in 2017, and during the entirety of his first term, he signed 220.
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