Today, the trading price of Bitcoin reached a new all-time high, and this new high reflected the sentiment of the Bitcoin community with Trump’s pro-crypto promises.
Today Donald Trump’s inauguration will take place tonight at 10:30 pm IST as the 47th President of the United States, marking the beginning of his second non-consecutive term in office. The ceremony will be held inside the Capitol Rotunda due to frigid temperatures, the first indoor inauguration since 1985.
The inauguration will occur 3 hours later from now, but the high level of craze among cryptocurrency enthusiasts is visible in advance in the market. The market experienced a significant influx of capital. Bitcoin trading price rose from the $99.5k level to the $109k level, marking a new all-time high.
Furthermore, the trading price of Ethereum ($ETH) increased by 7% in 24 hours. The current trading price of ETH coin is $3,377.
Symbolic Popularity of Donald Trump Memes and Family
As we know so far, Trump and his wife, Melania Trump, launched two meme tokens. Both launched tokens are gaining a high level of popularity among cryptocurrency traders.
However, these meme tokens are gaining huge popularity among traders but most of the cryptocurrency enthusiasts are against them. Furthermore, they are giving suggestions to people not to blindly invest in these tokens, even if they are launched by the president of the strongest country.
In particular, world famous financial expert Robert Kiyosaki said that Bitcoin, gold and silver assets are much better and real investment assets, and he does not think about the meme tokens launched by Trump.
Some crypto experts claimed that the popularity of these meme tokens is a sign that the bull market is not coming for major flagship cryptocurrencies.
Also Read: Donald Trump’s Wife Also Launches New Crypto Meme Token; $TRUMP token fails
