Nearly $10 billion wiped out in President Donald Trump’s meme coin crash

Nearly $10 billion wiped out in President Donald Trump’s meme coin crash

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The Rise and Fall of $Trump: A Meme Coin Saga That’s More Dramatic Than Reality TV If you thought the world of cryptocurrency couldn’t get any wilder, think again. The Trumpmemecoin,inspiredbynoneotherthanthe45thPresidentoftheUnitedStates,hastakenanosedivethatwouldmakeeventhemostseasonedcryptotradersgasp.Overthepast10days,Trumpmemecoin,inspiredbynoneotherthanthe45thPresidentoftheUnitedStates,hastakenanosedivethatwouldmakeeventhemostseasonedcryptotradersgasp.Overthepast10days,Trump has plummeted by a staggering 63%, wiping out a jaw-dropping $9.4 billion in market cap. Let’s break down this rollercoaster ride and see what’s really…

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

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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…

These US States Are Betting Big on Bitcoin: What it Means for Crypto Adoption in 2025

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Several states are gearing up to integrate Bitcoin into their financial strategies. As of January 17, 2025, seven US states have proposed establishing strategic BTC reserves. These initiatives reflect the growing acceptance of Bitcoin as a legitimate asset and align with broader conversations about a federal BTC reserve following President-elect Donald Trump’s strong advocacy. Here’s a…

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

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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…

Bitcoin price in 2025

Bitcoin price in 2025

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Bitcoin has experienced significant growth in recent years, with its price currently around $94,953. Bitcoin (BTC) $94,953.00 +$346.00(+0.37%)Today1D5D1M6MYTD1Y5Y As we look ahead to 2025, several factors are expected to influence Bitcoin’s price trajectory. Institutional Adoption and Spot Bitcoin ETFs The approval and subsequent success of spot Bitcoin exchange-traded funds (ETFs) have been pivotal. Since the…