The launch of Donald Trump’s meme coin,
$TRUMP , has had a substantial effect on the overall cryptocurrency market. Debuting on January 18, 2025,shot up from below $10 to a high of $74.59, with its market cap surpassing $10 billion. This swift rise attracted significant interest from investors, resulting in important changes in major cryptocurrencies.
$BTC On inauguration day, January 20, 2025, Bitcoin hit a new all-time high of $109,071 before declining. The price of Bitcoin is $101,818.00 as of January 21, 2025, a 5.01% drop from the previous closing. $100,145.00 was the intraday low, and $109,140.00 was the intraday high.
$SOL Solana’s coin rose over the weekend, hitting an all-time high of $294.33 on Sunday, January 19, 2025.  However, it experienced a decline of 9.8% after recent highs.
The launch of Melania Trump’s meme coin, $MELANIA, added to market volatility. Introduced shortly after
$TRUMP , $MELANIA reached a market capitalization of $1.62 billion. The introduction of these coins has raised concerns about potential conflicts of interest and the broader implications for the cryptocurrency industry. 
In summary, the introduction of
$TRUMP and $MELANIA coins has led to increased volatility in the cryptocurrency market, influencing the prices of major cryptocurrencies like Bitcoin and Ethereum, as well as other digital assets.
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