- Analysts project Bitcoin prices between $175,000 and $250,000 by 2025.
- TRUMP token sees strong gains, ranking as a top meme coin by market cap.
Bitcoin (BTC) has surged above $109,000, setting a new all-time high. This rally coincides with Donald Trump’s inauguration as the 47th U.S. President, signaling growing optimism in cryptocurrency markets. The pro-crypto stance of Trump’s administration has spurred institutional demand and bullish sentiment.
Trump acknowledged Bitcoin’s performance during a recent address. His administration plans to introduce a national Bitcoin reserve and deregulate the crypto sector. Bitcoin first crossed $100,000 in December following his election win. As of now, BTC trades at $108,900.35, up 3.52% in 24 hours.
Institutional adoption has played a vital role in Bitcoin’s rise. Major financial players like Standard Chartered predict Bitcoin prices will reach $200,000. Analysts such as Tim Draper and Arthur Hayes project price targets ranging from $175,000 to $250,000. The 2024 halving event has further reduced Bitcoin supply, driving prices higher.
TRUMP Token Gains Momentum
The market is also eyeing new tokens like the TRUMP cryptocurrency. This token, launched by Trump on his social media platforms, saw a sharp rise to $70. It briefly entered the top ten cryptocurrencies by market capitalization. However, a competing token, MELANIA, caused a price drop to $47.35.
TRUMP token currently ranks 18th with a market cap of $9.47 billion and a trading volume of $42.51 billion. Despite corrections, TRUMP remains a top meme coin, second only to DOGE and SHIB. Analysts view it as a lucrative long-term investment.
While Bitcoin dominates headlines, the TRUMP token has gained significant attention. Launched by Trump through his social media platforms, the token initially soared to $70. Despite a recent correction to $47.35, it remains one of the largest memecoins, ranking 18th by market capitalization.
The TRUMP token has a market cap of $9.47 billion and a trading volume of $42.51 billion. Its fully diluted valuation (FDV) of $49.69 billion highlights strong investor interest. Analysts see potential for the token to hit $100, driven by its association with Trump and increasing adoption.
The token’s locked supply, set to unlock over three years, could drive long-term investment value. Although competition from the MELANIA token caused some short-term volatility, the TRUMP token remains a top contender in the meme coin space. This optimism has also fueled broader market gains, with Bitcoin leading the charge.
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