The cryptocurrency market continues to experience volatility, with Bitcoin (BTC) dropping below $102K on Thursday. Other major cryptocurrencies, including Ethereum (ETH), XRP, and Solana (SOL), also saw declines in the 1%-3% range.
The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,
"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.
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.
Melania Trump launched her own cryptocurrency, $MELANIA, following the success of her husband’s $TRUMP meme coin. Analysts see profit potential in $TRUMP, but ethics experts criticize it as exploiting the presidency. Meme coins like $TRUMP and $MELANIA are highly speculative, with limited utility and significant risks for traders.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.
Hours before the second inauguration of president-elect Donald Trump, incoming first lady Melania Trump has launched her own cryptocurrency. “The Official Melania Meme is live! You can buy $MELANIA now,” Melania Trump posted on X in the early hours of Monday.
Skybridge founder and former Trump insider Anthony Scaramucci says new meme coins from President Trump and First Lady Melania Trump are super high risk.
Cryptocurrencies affiliated with President Donald Trump and First Lady Melania Trump plummeted in the initial hours after Trump was sworn into office Monday.