The price of bitcoin flew past $109,000 on January 20 just before the swearing in of Donald Trump. Analysts said it was linked to heightened expectations of the cryptocurrency industry since the new President said he will make the US a cryptocurrency powerhouse of the world. The prices of recently-launched Melania meme coin, Trump meme coin zoomed too garnering impressive volumes of trade. “You’re going to be very happy with me,” Donald Trump earlier told crypto-enthusiasts at a bitcoin conference in 2024.
Bitcoin is the world’s most popular cryptocurrency. It was launched in 2009. It is a type of electronic cash that is backed by blockchain technology and is beyond the control of any particular government. However, the Indian government has remained wary of cryptocurrency in general and has pointed out that it remains too risky for investors, even while highlighting possible abuse by criminals and scammers to launder money and even fund subversive activities. But Trump is extremely bullish on cryptocurrency. According to reports, Trump promised in the run-up to the polls that he would set up an advisory council to provide guidance on creating “clear” and “straightforward” regulations on crypto. He has promised to do it within the first 100 days of his taking over. How much will 1 Bitcoin be worth in 2030, people are wondering now.
Melania Meme coin
On January 19, 2025, Melania Trump, wife of Donald Trump, introduced the Melania Meme coin. “The Official Melania Meme is live! You can buy $MELANIA now,” Melania announced on X before Trump’s victory rally in Washington DC. It immediately took off, data showed. Melania Trump’s meme coin $Melania rose to $2 billion in market cap within hours of launch on the Solana platform. Forbes reported that the meme coin lured a big number of traders which triggered the coin’s price to rise to more $5 and achieved a market cap exceeding $5 billion.
Trump meme coin
Two days before his wife launched her own meme coin, on January 17, fewer than 100 hours before his swearing in, Donald Trump launched his own meme coin and announced it from his social media handles. Elated meme coin traders bought the coin in droves, pushing prices quickly. As a result of the buying frenzy, trading volume soared past quickly. “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,” was what Trump’s official X handle posted. Initially, the post was greeted with scepticism but later the doubt receded as it became clear tat the post was bonafide and was not the act of any scamster.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any memecoins, cryptocurrency, IPO and Mutual Funds.)
The price of bitcoin flew past $109,000 on January 20, just hours ahead of President-elect Donald Trump’s swearing in, as a pumped up cryptocurrency industry bets he’ll take action soon after returning to the White House. The prices of Trump meme coin and Melania meme coin zoom too. Significantly, just two years ago, Bitcoin was trading at $20,000. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
