• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
Crypto

Record-Breaking Bitcoin: Surges Past $109,000 On Trump’s Presidential Inauguration Day

Ronaldo Marquez
by Ronaldo Marquez
8 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The market’s leading cryptocurrency, Bitcoin (BTC), has reached a new all-time high, soaring past the $109,000 mark on Monday as anticipation builds around the inauguration of incoming President Donald Trump. 

Trump Family’s Memecoins Create Market Stir

According to CNBC, this surge can be partly attributed to the recent launch of two memecoins by the Trump family. Over the weekend, Trump unveiled the “Official Trump” (TRUMP) memecoin, which skyrocketed to a market capitalization of $10.6 billion, reflecting an astonishing increase of over 659% since its Friday debut. 

However, the TRUMP memecoin has experienced some volatility, dropping approximately 27% from its peak price of around $73 per coin on Monday.

Related Reading: Can Dogecoin Reach $20? Here’s The Proof, Says Crypto Analyst

Adding to the excitement, Melania Trump launched her own memecoin, aptly named “Melania,” which began trading Sunday evening. The memecoin has managed to establish a $1.3 billion market cap and has seen a 14% increase since its launch. 

The introduction of the Melania memecoin has significantly impacted the value of the official Trump coin. At one point, TRUMP nearly halved its market cap, dropping from its previous position as the 12th largest cryptocurrency to now ranking 22nd in terms of market capitalization. 

Despite the inherent risks associated with memecoins, the report observes that these launches have instilled a renewed sense of optimism among traders, suggesting that the incoming administration may adopt a favorable stance towards cryptocurrency. 

Joel Kruger, a market strategist at LMAX, noted that this initiative signals President Trump’s commitment to the crypto space, emphasizing that Americans should have the freedom to explore emerging asset classes.

“The move highlights President Trump’s embrace of crypto and belief that Americans should have the freedom to operate in the emerging asset class,” Kruger stated. 

The expert further elaborated that endorsing memecoins—often viewed as the most speculative segment of the cryptocurrency market—sends a powerful message of support for the industry.

Echoing this sentiment, economist Noelle Acheson, author of the “Crypto is Macro Now” newsletter, described the memecoin launches as a positive development, reflecting Trump’s openness to new ideas and markets.

Optimism Surrounds Bitcoin: Analysts Predict $130,000 Target

Bitcoin’s recent rally began gaining momentum last week amid speculation that Trump might announce an executive order prioritizing cryptocurrency early in his presidency. 

Gracy Chen, CEO of the crypto exchange Bitget, pointed out that this optimism is significantly influencing Bitcoin’s price trajectory. “Rumors that cryptocurrency may be declared a national interest by the United States during the inauguration are having a positive effect on the price of Bitcoin,” Chen explained. 

Chen cautioned, however, that the launch of the Trump family tokens has redirected some capital that could have fueled Bitcoin’s growth further. 

Related Reading: Here’s Why The Dogecoin And Shiba Inu Prices Crashed Violently

Looking ahead, analysts remain optimistic about Bitcoin’s potential. With its price breaking the $109,000 barrier, some experts, including Kruger, speculate that it could extend even further, with $130,000 as a possible target. 

Bitcoin
The daily chart shows Bitcoin’s price trending upwards. Source: BTCUSDT on TradingView.com

At the time of writing, BTC is consolidating at around $107,730 after a slight 0.5% decline in the last few hours of trading prior to Trump’s inauguration. 

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Bitcoin news

Bitcoin Prediction Upgraded: Citi, JPMorgan Drop Jaw-Dropping 12-Month Targets

44 minutes ago
Bitcoin

Bitcoin HODLer Selling Cooling Off As ETF Inflows Return: Glassnode

7 hours ago
Bitcoin Spot Demand Surges As Coinbase Premium Signals Strength – Details

Bitcoin Spot Demand Surges As Coinbase Premium Signals Strength – Details

15 hours ago
Bitcoin news

Euro’s Death Spiral Makes Bitcoin The New Reserve: Arthur Hayes

17 hours ago
Metaplanet Bitcoin

Japan’s Metaplanet Becomes 4th Largest Bitcoin Treasury After $615M Buy

1 day ago
Bitcoin news Michael Saylor

Saylor Unveils His Bitcoin Endgame That Could Upend Global Finance

1 day ago

Premium Sponsors

Press Releases

  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    1 hour ago
  • 狗狗幣引領『Uptober』Meme...

    6 hours ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    1 day ago
  • Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

    Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As...

    1 day ago
  • най-добрите криптовалути

    Най-добрите криптовалути за...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.