Today, the Bitcoin trade price hit 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 happen Tonight at 10:30 PM IST as the 47th President of the United States, marking the commencement of his second, non-consecutive term in office. The ceremony will take place indoors in the Capitol Rotunda due to freezing temperatures, the first indoor inauguration since 1985.
Inauguration will happen 3 hours later, from now, but the high craziness level among crypto enthusiasts is visible in advance in the market. The market saw a significant inflow of capital. The trade price of Bitcoin surged from $99.5k level to $109k level, marking a new all-time high.
Also, the trade price of Ethereum ($ETH) surged 7% within 24 hours. The current trade price of ETH coin is $3,377.
Donald Trump family & meme token popularity
As we know so far, two meme tokens were launched by Trump & his wife, Melania Trump. Both of the launched tokens are getting a high level of popularity among crypto traders.
However these meme tokens are gaining huge popularity among traders, but the majority of serious crypto enthusiasts are against them. Also, they’re giving suggestions to people not to invest in these tokens blindly, even though they’re launched by a president of the strongest country.
In particular, world-famous financial expert Robert Kiyosaki said that Bitcoin, Gold, & Silver assets are much better & real assets of investment, and he doesn’t think about the meme tokens launched by Trump.
Some crypto experts claimed that the popularity of such meme tokens is a sign that the bull run is not coming for top flagship cryptocurrencies.
Read also: Donald Trump’s wife also launches a new crypto meme token; $TRUMP token crashes
