The price of the OFFICIAL TRUMP cryptocurrency launched by US President-elect Donald Trump has quadrupled in less than 24 hours. This was reported by RIA Novosti With reference to data obtained from crypto exchanges.
The “coin” of the same name appeared on crypto exchanges on Saturday night, with prices starting at $7 per unit. The message stated that prices reached $34.5 during the day but were corrected later.
According to CoinMarketCap data, the value of $TRUMP is hovering around $28 as of 5:00 PM Eastern Time (1:00 AM on Saturday, January 18). Moreover, the total transaction volume since launch is almost 10.5 billion dollars.
In contrast, economists surveyed by the agency said they expect Trump to have unlimited freedom, including including Bitcoin in government reserves and repaying the U.S. national debt.
Formerly Bitget Research analyst Ryan Lee statedIt seems that the Bitcoin rate has decreased in recent days. The main reason for this is investors’ concerns about US monetary policy in the coming months.
First price of Bitcoin on December 5, 2024 exceeded 100 thousand dollar mark. As of December 30, the price of the currency had fallen to 93 thousand dollars.
Formerly in the State Duma It was suggested to create Bitcoin strategic reserve.
What are you thinking?
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.