Bitcoin on the morning of January 20 set a new record – $109 thousand. per coin. This happened on the eve of the inauguration of Donald Trump, which is scheduled to take place on the same day.
After this, Bitcoin began a correction and by 9:46 am was trading at $108,000, according to data from the CoinMarketCap website.
In addition, the memecoin of the wife of US President-elect Donald Trump, Melania, also increased sharply in price. Melania Trump announced the launch of her cryptocurrency on January 19, the day after her husband launched his $TRUMP memecoin.
During the first time, the $MELANIA coin grew by more than 24,000%, reaching a peak value of $13, but then declined. Against this background, the Donald Trump coin collapsed by more than 40% to $38, but then resumed its growth.
On December 5, Bitcoin rose above $100,000, setting a new all-time high since the launch of the cryptocurrency. On election day, cryptocurrencies were trading at $69,000, but after Trump’s victory was confirmed, they rose to $75,000.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.