In recent developments, several celebrities have engaged with the cryptocurrency market, influencing public perception and market dynamics. Notably:

Donald Trump: Following his election as President of the United States, Trump has actively promoted cryptocurrencies. He announced plans to integrate digital assets into traditional financial markets and establish a U.S. strategic reserve of Bitcoin. These announcements have coincided with Bitcoin's price surpassing $100,000.

Haliey Welch: Known for the "Hawk Tuah" meme, Welch launched her own cryptocurrency token, $HAWK. The token's value surged to a market capitalization of nearly $500 million before plummeting by over 95% within hours. This rapid decline led to accusations of a "pump and dump" scheme and drew significant criticism.

Eminem: The rapper promoted the Crypto.com exchange via Twitter and provided voice-over for an advertisement that premiered during an NBA Playoffs game at the Crypto.com Arena.

These instances highlight the significant impact celebrities can have on cryptocurrency markets, both positive and negative. While endorsements can drive interest and investment, they also carry risks, especially when associated with volatile or unverified projects.

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