The leading digital currency by capitalization suddenly rose around 6:30 a.m. to reach a high of $109,241. It was trading at $107,765 around 8:40 a.m.
The cryptocurrency market has been marked by great volatility since the launch on the night of Friday to Saturday of a new cryptocurrency by Donald Trump, who is to be inaugurated president for the second time on Monday. Some 200 million tokens of this digital currency were put on the market, with dazzling success: trading around 7 dollars shortly after its launch, the “Trump” rose to 75 dollars, before oscillating on Monday around 45 dollars.
In general, the cryptocurrency market is vulnerable to possible profit-taking after having soared over the last two months, against a backdrop of anticipation of deregulation measures in the sector by Donald Trump.
Bitcoin took off at the end of last week, driven by information from Bloomberg, which cites sources close to the matter, according to which the president-elect plans to publish a decree elevating cryptocurrency to the rank of political priority and giving players in the sector a voice within his administration.
-The article also reports that the creation of a national strategic reserve of bitcoins is indeed being considered, which would encompass the existing holdings that the government holds in this crypto.
The future head of state presented the new digital currency he launched as a “same coin”, a cryptocurrency intended to capitalize on popular enthusiasm around a personality, a movement or a phenomenon viral on the internet. The “same coin” has no economic or transactional utility and is often identified as a purely speculative asset. On Sunday, it was the future First Lady, Melania Trump, who, in turn, put her own cryptocurrency online, called Melania.
