Bitcoin Hits Record High Amid Trump Inauguration and $TRUMP Token Launch
Bitcoin Hits Record High Amid Trump Inauguration and $TRUMP Token Launch
馃帰 Trump Token Goes Wild
Key Market Movements:
- Bitcoin reached new ATH of $109,140 before retracing to $102,286
- Global crypto market cap rose 11.31% to $3.74 trillion
- Trading volume decreased 25.46% to $367.54 billion
Notable Events:
- $TRUMP token launched, surging from under $10 to $74.59 before settling at $36
- Post-inauguration sell-off triggered market-wide correction
- Concerns raised over potential conflicts of interest with Trump-affiliated tokens
Market Outlook:
- Analysts identify key support levels at $92K, $87K, and $74K
- Resistance levels watched at $106K and $120K
- Institutional interest remains strong despite volatility
馃挜 This week in crypto: 馃搱 Bitcoin set a new record, $TRUMP token launch turned heads, and the post-inauguration dip sparked "sell-the-news" sentiment. Stay informed and ride the waves! 馃敆link.medium.com/dcmZnLUPlQb #Bitcoin #Trump #cryptomarket
GENIUS Act Passes Senate with 63-30 Vote, Setting Federal Stablecoin Rules
The U.S. Senate approved the bipartisan GENIUS Act with a 63-30 vote, establishing comprehensive federal regulations for stablecoins. Key developments this week: - Bitcoin maintained $105K level with $1.35B in spot ETF inflows - BlackRock's Bitcoin ETF added 10,000 BTC ($850M) - Tron announces $210M public listing via SRM merger - Coinbase adds former Obama strategist David Plouffe - Soci茅t茅 G茅n茅rale launches MiCA-compliant stablecoin The global crypto market cap stands at $3.38T, with Bitcoin dominance at 61.76%. Institutional interest remains strong despite geopolitical tensions.
JPMorgan Chase Now Permits Client Bitcoin Investment
JPMorgan Chase CEO Jamie Dimon announced the bank will allow clients to invest in Bitcoin, marking a significant shift despite his personal skepticism. The decision reflects growing institutional acceptance of digital assets. Bitcoin currently trades at $106K with a market cap of $2.13T. The U.S. Senate advanced the GENIUS Act for stablecoin regulation, while the SEC charged Unicoin executives with $100M fraud. Coinbase disclosed a cyberattack involving bribed overseas contractors accessing customer data. Meanwhile, Ripple received NYDFS approval to launch RLUSD stablecoin.
Bitcoin Hits $95K as Crypto Markets Start Strong in 2025
The cryptocurrency market begins 2025 with significant momentum: - Bitcoin reaches new heights at $95K, continuing its upward trajectory from late 2024 - XRP demonstrates strong performance with a 10% increase - TRON achieves milestone by entering cryptocurrency top 10 rankings This follows the November 2024 rally where Bitcoin hit $89K, driven by political developments and institutional interest. Market sentiment remains positive as we enter the new year. *Key context:* Previous growth was supported by corporate investments, including MicroStrategy's $2B Bitcoin purchase and strong performances from crypto mining stocks.
Weekly Crypto Market Update - January 2, 2025
Bitcoin maintains strong position above $90,000, showing potential for $100,000 mark. ETH rises 2.35% to $3,416.24, while XRP surges 15.24% to $2.42. Global crypto market cap reaches $3.37T with 3.17% daily increase. Bitcoin leads at $95,729 with 56.26% market dominance. Key developments: - Do Kwon extradited to US for fraud charges - UK crypto ad compliance issues persist - XRP dominates Korean trading volumes - TRON enters top 10 rankings, replacing Avalanche Market sentiment remains positive amid institutional adoption and strategic reserve discussions.