Bitcoin has surpassed previous records, reaching $109,000 after a crypto-intensive weekend linked to President Trump's actions.
Bitcoin's Record Surge
According to TheStreet, Bitcoin surpassed the $109,000 mark early in the week, setting a new all-time high. This surge coincided with the beginning of Trump's second term and related developments in the cryptocurrency market.
Trump's Token Launches
The launch of the $TRUMP token drew media attention, quickly reaching a $9 billion market cap before a 40% dip triggered by Melania Trump's token release. The Trump family is actively promoting their DeFi platform, World Liberty Financial.
Crypto Plans in Trump's Administration
Reports suggest President Trump plans to prioritize cryptocurrencies by issuing an executive order, establishing a Crypto Advisory Council to enhance collaboration between the government and the crypto industry.
The cryptocurrency market has undergone significant changes amid presidential initiatives, which may impact the industry's future development. Interest in digital assets continues to grow, sparking discussions within the community.
