Bitcoin goes on wild ride as Trump takes office

Published On Jan 20, 2025, 1:06 PM

Bitcoin experienced significant volatility as Donald Trump began his second term in office. Leading up to the inauguration, Bitcoin’s price soared above $109,000 but later dropped below $101,000 during Trump's speech. Trump's administration has made promises regarding cryptocurrency, aiming to establish the U.S. as a leading hub for the sector, though specifics on policy changes were not revealed. Trump also launched meme coins named after himself and Melania Trump, which quickly gained attention and trading volume on various exchanges, indicating a chaotic yet potentially transformative era for cryptocurrency.