‘Tense Up’ – Bitcoin Price Prepared For ‘Insane’ Week After Huge Trump Crypto Bombshell

Bitcoin and cryptocurrencies have surged higher since Donald Trump’s US election victory, riding a wave of optimism into 2025 despite a stark Elon Musk price warning.

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Bitcoin price has regained $100,000 per bitcoin after falling to around $90,000 earlier this month as leaks reveal Trump may be wreaking havoc on bitcoin prices.

Now, as traders scramble to get ahead of the Federal Reserve, a new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell soaring.

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“My new official Trump meme is here! It’s time to celebrate everything we stand for: winning! Join my very special Trump community. Get your $trump now,” Trump’s X account submitted next to a link to a website that allowed users to buy the cryptocurrency and added: “Have fun.”

The cryptocurrency was not immediately confirmed as official by non-social media outlets, with many speculating that Trump’s X and his Truth Social account, which posted a similar message, may have been hijacked by scammers. However, the post was not deleted even after additional posts appeared on Trump’s Truth Social account, suggesting he still controls it.

The memecoin – a type of cryptocurrency similar to bitcoin that derives value from the level of community interest and engagement – has been launched on the solana blockchain and has made 200 million of the Trump cryptocurrency available, with the supply growing to a total of one billion over three years, according to its website.

Trump memecoin has risen to a market cap of over $20 billion in just a few hours, according to on-chain dataeclipsing other popular memecoins and causing other major cryptocurrency prices to fall as traders sell them and buy the Trump coin.

Trump’s promotion of memecoin just days before his inauguration in Washington DC sent shockwaves through the world of bitcoin and crypto, with traders and analysts betting that it will mean further volatility ahead for the markets.

“This is beyond insane,” analysts with The Kobeissi Letter submitted to X. “What’s going on?”

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“The President-elect of the United States just launched a meme coin days before his inauguration,” crypto investor and YouTuber Anthony Pompliano submitted to X. The financial markets are not ready for what lies ahead – buckle up.”

“This is just a taste of what we can expect in the next four years,” crypto trader and YouTuber Ran Neuner submitted to X, adding “You’re not bullish enough.”

This week, a series of leaks have suggested that Trump is preparing to issue a flurry of executive orders that will shake up the crypto landscape shortly after his inauguration on Monday, January 20.

Meanwhile, leaders of bitcoin and crypto companies gathered in Washington for a so-called crypto ball on Friday, aiming to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.