Trump's crypto token surges to $10.7 billion market cap, bitcoin hits record high

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Trump's crypto token surges to $10.7 billion market cap, bitcoin hits record high

//business-finance.news-articles.net/content/202 .. billion-market-cap-bitcoin-hits-record-high.html

Published in Business and Finance on Monday, January 20th 2025 at 11:20 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Donald Trump's newly created cryptocurrency soared on Monday to nearly $11 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S.

2025-01-20 195 x 130 / 7274 Bytes

The article discusses the significant rise in value of a cryptocurrency token associated with former President Donald Trump, known as the "Trump Coin" or "MAGA Coin," which has surged to a market capitalization of $10.7 billion. This surge coincides with Bitcoin reaching a new all-time high, reflecting a broader bullish trend in the cryptocurrency market. The Trump token's increase in value is attributed to speculative trading and the political fervor surrounding Trump, especially as he remains a prominent figure in American politics. The article also touches on how Trump's influence continues to impact various sectors, including digital assets, with investors and supporters buying into the token as a form of political expression or investment in Trump's brand. Meanwhile, Bitcoin's record high is seen as a sign of growing mainstream acceptance and institutional investment in cryptocurrencies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/trump-s-crypto-token-surges-to-10-7-billion-market-cap-bitcoin-hits-record-high/ar-AA1xw9ef ]