Cryptocurrency Market Surges as Trump and Melania Launch Their Own Digital Coins

The price of Bitcoin has reached an all-time peak just ahead of Donald Trump’s presidential inauguration, contributing to a significant surge in his net worth. This surge is accompanied by Trump’s launch of his own cryptocurrency, the $TRUMP coin, alongside a rival coin created by his wife, Melania, called $MELANIA.

With his presidency on the horizon, Trump has vowed to support the growth of digital currencies, hinting at a relaxation of regulations to encourage their widespread adoption. His entry into the cryptocurrency market, however, has introduced volatility, particularly following the release of his coin, which caused fluctuations in the market.

The $TRUMP coin, unveiled on the evening of January 19, was promoted with a striking image of Trump raising his fist, accompanied by the phrase “FIGHT FIGHT FIGHT,” referencing his defiant response to an assassination attempt at a political rally last July. In his promotion, Trump encouraged his followers to “Have Fun!” with the new digital currencies.

This dual launch by Trump and Melania has further fuelled speculation that the cryptocurrency market could experience major shifts in the coming months, with both coins contributing to the ongoing volatility of the sector.