Extreme Meme Coin Volatility, Bitcoin’s (BTC) New ATH, and More: Bits Recap Jan 21

Extreme Meme Coin Volatility, Bitcoin’s (BTC) New ATH, and More: Bits Recap Jan 21

Key points: TL;DR Trump-Themed Memes Went Crazy The past several days have been more than eventful for the cryptocurrency industry, whose global market capitalization briefly surpassed $3.8 trillion on January 20 before plunging to its current $3.65 trillion (per CoinGecko’s data). Perhaps the most apparent reason for the enhanced volatility was the hype surrounding Donald…

Trump launches cryptocurrency with price rocketing -BBC-
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Trump launches cryptocurrency with price rocketing -BBC-

US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC – an affiliate of the Trump…