The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash

Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump’s inauguration. The cryptocurrency surged 5.5% amid excitement over Trump’s meme coins, despite a subsequent market decline.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.

BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.

Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.

Key Takeaways Trump signed an executive order on digital assets, seeking recommendations on regulations and possibly setting up a digital stockpile.The SEC has already become more friendly to the crypto industry by rescinding SAB 121,

Bitcoin hit a new all-time high overnight as investors prepare for the crypto-friendly Trump administration to take office.

Altify, a regulated FSP (53289) backed by JSE-listed Sabvest, offers a regulated, secure, and easy-to-use crypto investment gateway.

Crypto enthusiasts' faith is tested as an executive order, a bitcoin sell-off and the introduction of meme coins by the president and first lady mark the first 10 days of his second term.

Donald Trump’s meme coin, TRUMP, which launched on Jan. 17, can now be used to purchase merchandise like sneakers, watches, and fragrances from websites linked to his business ventures.