Just before the swearing-in ceremony of the newly elected US President donald trump, Bitcoin has made a new historic leap. This morning, the price of Bitcoin reached $109,241. According to experts, this boom has happened due to expectations of Trump's possible crypto-friendly policies.
donald trump did wonders
donald trump took a positive stance on cryptocurrencies during his election campaign. He promised that if he became president, he would work to make the US a global hub of cryptocurrencies. His administration is likely to reduce the regulatory burden on cryptocurrency companies and promote the adoption of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currency. Experts believe that after Trump's swearing-in, the crypto market may see further boom. The price of Bitcoin has increased by more than 40 percent in the last few days, indicating that bitcoin investors are expecting positive changes from Trump's administration.
Many other cryptocurrencies saw a rise
This surge in the price of Bitcoin has not only attracted investors but has also brought a boom in other cryptocurrencies like Ethereum and Dogecoin. Ethereum's price saw a rise of 6.5 percent and Dogecoin's 18 percent. Let us tell you, after this rise, the market cap of Bitcoin has now reached $1.445 trillion.
Keep these things in mind
Bitcoin may have performed well recently, but the crypto market is very volatile. If the trump administration changes its policies or any negative news comes in the market, then a fall in Bitcoin prices is also possible. Investors have to be cautious and take their investment decisions wisely.
trump meme coin launched
Meanwhile, on january 19, donald trump has also launched his new meme coin $TRUMP, which has created a stir in the crypto market. This coin has registered a gain of 300 percent as soon as it was launched. However, the $MELANIA coin launched by Melania trump had a negative impact on the price of $TRUMP coin.
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