Donald Trump’s debut into the cryptocurrency market with his $TRUMP meme coin has achieved a $9 billion market cap shortly after launch, with goals to position the U.S. as a leading crypto powerhouse.
At the Bitcoin MENA conference in Abu Dhabi, key figures from President-elect Donald Trump’s cryptocurrency venture, including Eric Trump and Steve Witkoff, engaged with the crypto industry’s top minds as bitcoin values soared. The event underscored Trump’s commitment to making the U.S. a leading crypto hub.
President-elect Trump’s media company enters advanced talks to acquire crypto firm Bakkt while scheduling a key meeting with Coinbase CEO Brian Armstrong, marking a significant expansion of his cryptocurrency agenda following his election victory.
The USD/JPY pair has experienced a sharp decline in the value of the yen as optimism surrounding President Trump’s election victory boosts the dollar. Despite the Bank of Japan’s move towards rate hikes, concerns about a weakening yen and the future of US interest rates have brought market volatility into sharp focus. As officials call for rate hikes to support the yen and new US data impacts Fed rate predictions, the currency pair hits new milestones.
The cryptocurrency market has witnessed an unprecedented surge in meme coin activity following Donald Trump’s election victory, with the total meme coin market cap reaching over $74 billion, driven by renewed investor confidence and potential Elon Musk administration involvement.
Bitcoin has climbed above $55,000, extending its 2024 bull run amid positive developments like Trump softening his stance and MicroStrategy acquiring more BTC.
