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Is Trump's token the driving force behind Bitcoin's surge?
Earlier this month, the price of BTC dropped to around $90,000, only to recover to $100,000 on Thursday. Since then, the price has continued to soar, hitting an all-time high of $105,900 on Friday.
Trump's new meme token has stirred up the Bitcoin and the entire cryptocurrency community. Yesterday morning, Trump launched his new meme token, sending shockwaves through the Bitcoin and cryptocurrency space.
Most analysts and traders are preparing for continued volatility in the cryptocurrency market. Nevertheless, Trump's promotion of his new meme coin has sent an optimistic message that he intends to fulfill his crypto commitments, igniting investor hopes.
By Friday afternoon, Bitcoin's trading price had reached $104,800, soaring later that day to $105,900. The trading price of Bitcoin is $105,283, up 0.83% in the past 24 hours. Its 24-hour trading volume is $50.24 billion.
Trump has promised that he is ready to issue over 100 executive orders immediately upon taking office. Some suggest that some executive orders will be related to Bitcoin or cryptocurrencies, and that once he takes office, price expectations will be high. During the first 100 days of Trump's term, there will be at least one cryptocurrency executive order.
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