Bitcoin surged past the $109,000 mark early Monday, reaching a new all-time high, signaling a week filled with potential market volatility. This milestone coincides with the second inauguration of President Donald Trump and follows a weekend of rapid developments in Trump-linked cryptocurrency ventures.
In a noteworthy move, Trump introduced his $TRUMP token, which made history by becoming the fastest to achieve a $10 billion market capitalization. Just a day later, First Lady Melania Trump launched her own token, though it sparked a 40% plunge in the value of Trump’s coin before stabilizing.
Meanwhile, the Trump family continues to make strides in the decentralized finance (DeFi) sector, advancing their World Liberty Financial platform. Eric Trump teased additional announcements on the horizon.
Despite the celebratory atmosphere surrounding Bitcoin’s achievement, many members of the crypto community on X (formerly Twitter) voiced concerns about potential ethical implications tied to the Trump family’s growing involvement in cryptocurrency. President Trump may have mitigated legal risks by completing both token launches before assuming office, but uncertainties linger regarding the integration of these tokens with the family’s DeFi initiatives.
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