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MURTAZA SARAF
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MURTAZA SARAF
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Happens everytime #TrumpTariffs #MarketPullback #ETHMarketWatch
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Altcoin #altcoins #ALT
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Knock...knock.... #TrumpTariffs #MarketPullback
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$TRUMP As of May 7, 2025, the Trump-themed cryptocurrency, $TRUMP, is trading at approximately $0.19, experiencing a modest daily gain. Launched on January 17, 2025, just days before Donald Trump's second inauguration, the meme coin rapidly surged, peaking at $75.35, and achieving a market capitalization exceeding $27 billion. However, its value has since declined significantly. The $TRUMP coin, hosted on the Solana blockchain, was introduced as a novelty item, with disclaimers stating it was not intended as an investment or political tool. Despite this, the venture has faced criticism over potential conflicts of interest, as Trump-affiliated entities retained 80% of the token supply, leading to concerns about personal enrichment. Additionally, the launch of a similar token, $MELANIA, by Melania Trump, has drawn scrutiny due to reports of early insider trading, where select traders profited nearly $100 million by purchasing the token minutes before its public announcement. These developments have sparked ethical debates and raised questions about the intersection of political influence and cryptocurrency ventures.
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$BTC As of May 7, 2025, Bitcoin is trading at approximately $96,934, reflecting a 3% increase. This uptick aligns with renewed optimism surrounding U.S.-China trade discussions and the anticipation of the Federal Reserve maintaining current interest rates, factors that typically bolster risk assets like cryptocurrencies. In a significant development, New Hampshire has become the first U.S. state to establish a cryptocurrency reserve, permitting up to 5% of public funds to be allocated to digital assets such as Bitcoin. This move may encourage broader institutional adoption. Analysts are closely monitoring Bitcoin's resistance at $100,000 and support at $92,000, noting that recent price movements suggest bullish momentum.
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