As Donald Trump was inaugurated, Bitcoin surpassed 109,000 USD, marking a significant rise from around 102,600 USD within 15 minutes. Despite the excitement, analysts suggest this surge may not last and was partly due to speculations around Trump-themed assets.
The launch of a Trump-themed memecoin added to the market frenzy. However, Ryan Selkis raised concerns about potential negative impacts on Trump’s reputation, urging him to reconsider such ventures.
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