Trump's Crypto Ventures$BTC
- *Trump Media's Bitcoin ETF Filing*: Trump Media and Technology Group Corp, the owner of Truth Social, has filed a registration statement for an exchange-traded fund (ETF) that would directly hold bitcoin. This move aims to make the company a major player in the cryptocurrency market.
- *$TRUMP Memecoin*: The Official Trump memecoin, launched recently, has reached a market capitalization of over $2.1 billion. Currently trading at $10.90, it's testing key resistance at the $15 level. Analysts predict a potential 10x price surge if Trump advances comprehensive crypto reform.¹ ²
Market Impact$ETH
- *Crypto Market Volatility*: The feud between Trump and Elon Musk has led to a sharp decline in the crypto market, with over $124 billion wiped out in 24 hours. Bitcoin briefly plunged to $101,000, triggering $300 million in liquidations.
- *Ether ETPs See Inflows*: Despite market slowdown, Ether exchange-traded products (ETPs) received $296 million in inflows last week, marking their best week since Trump's election.³
Trump's Crypto Stance$BNB
- *Shift in Stance*: Trump's stance on cryptocurrency has shifted from skepticism to potential support for blockchain innovation. His involvement in digital assets and regulatory changes continues to impact the crypto market.⁴