Donald Trump's newly-created cryptocurrency, also known as $TRUMP , has risen in market value since its launch.
PARIS/SINGAPORE, Jan 20 (Reuters) - U.S. President Donald Trump's new crypto token soared to more than $10 billion in market value on Monday, while enthusiasm over his crypto-friendly administration helped briefly lift bitcoin to a new record. Launched Friday night, Trump's so-called "memecoin" surged from less than $10 on Saturday morning to as high as $74.59 before giving up some of its gains on Monday. The token, branded and criticized by ethics experts, was last trading at $33.88, according to cryptocurrency price tracker CoinGecko.
World Liberty Financial, a separate Trump-linked crypto project, also announced on Monday that it had completed an initial token sale, raising $300 million, and would look to issue additional tokens. The expansion of Trump's crypto interests comes as his administration is widely expected to usher in a "golden age" for cryptocurrencies, in stark contrast to the regulatory scrutiny the industry experienced under former President Joe Biden.
$BTC #BinanceTournament #BTC☀ #CryptoTradingGuide #btc73k What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
#Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #BlackRock #bitcoin $BTC $BTC $BTC Bitcoin (BTC) is the cryptocurrency industry’s first asset. In the years since its 2009 launch, Bitcoin has ignited the growth and adoption of crypto, ultimately leading to the industry of today. BTC has a maximum supply of 21 million coins — a notable point of focus when discussing BTC value. Bitcoin price has been a prevalent topic throughout the asset’s history, with BTC price fluctuations occurring in dramatic fashion.
Satoshi Nakamoto, a pseudonymous person or group, published the Bitcoin white paper in 2008, laying out BTC’s concept. In 2009, Bitcoin’s first block, called its genesis block, went live and brought BTC officially into existence as an asset. Nakamoto ceased communication in Bitcoin’s early years, and their real identity remains a mystery.
Although the crypto industry started with just Bitcoin and its underlying blockchain technology, the sector now includes thousands of assets alongside numerous different blockchains and solutions pertaining to a bevy of use cases.
Over time, competitors have aimed to create different digital assets that improve on Bitcoin’s model as a store of value and transactional asset, but Bitcoin still remains the top asset by market capitalization, thanks to the BTC USD price equivalent.