#TrumpMarketInsights

The re-election of Donald Trump as President of the United States has had significant impacts on the cryptocurrency market. Just before the inauguration, Trump introduced a cryptocurrency named $TRUMP, a type of "meme coin" that quickly attracted the attention of investors. The value of $TRUMP surged, reaching a peak of 74.59 USD before adjusting to around 33.88 USD.

The launch of $TRUMP contributed to Bitcoin reaching a new all-time high, surpassing 109,000 USD. However, after the inauguration, when Trump did not mention Bitcoin or cryptocurrency in his speech, the price of $TRUMP dropped by about 35%, while the coin $MELANIA, named after First Lady Melania Trump, fell by up to 60%.

Trump's appointment of Paul Atkins, who has a friendly stance towards cryptocurrency, as Chairman of the U.S. Securities and Exchange Commission (SEC) is also expected to create a more favorable regulatory environment for this market. However, experts warn about the volatility and risks of "meme coins" like $TRUMP, while emphasizing the need for strict regulation to protect investors.