“Fasten your seatbelt” – Bitcoin price is preparing for a “crazy” week after Trump’s massive crypto bomb

Bitcoin and cryptocurrency prices have soared since Donald Trump won the US election, leading to a wave of optimism leading into 2025. Despite the stark warning about the price from Elon Musk.

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The price of Bitcoin has regained $100,000 per bitcoin after falling to around $90,000 earlier this month. Leaks reveal that Trump may be about to cause chaos in Bitcoin prices.

now, As traders scramble to get ahead of the Feda new memecoin promoted by Trump on X and Truth Social sent expectations of a Trump inauguration surprise soaring.

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“My new official Trump meme has arrived! It’s time to celebrate everything we stand for: winning! Join the super special Trump community. Get your own Trump now,” Trump X account to publish Along with a link to a website that allows users to buy the cryptocurrency and adding: “Enjoy.”

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

Memecoin — a type of cryptocurrency similar to bitcoin that derives its value from the level of community interest and engagement — has launched on the Solana blockchain, making 200 million of Trump’s cryptocurrency available, with the supply expected to grow to a total of 1 billion over three years, according to its website. Online.

Trump’s memecoin has soared to a market cap of more than $20 billion in just hours, according to on-chain. Dataoutperforming other popular memecoins and causing prices of other major cryptocurrencies to fall as traders sell them and buy Trump Coin.

Trump’s promotion of memecoin just days before his inauguration in Washington, D.C., has sent shockwaves through the world of bitcoin and cryptocurrencies, with traders and analysts betting it will mean more volatility ahead for markets.

“This is beyond crazy,” said analysts at The Kobeissi Letter to publish To X. “What’s going on?”

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ForbesIt will “go down” – Elon Musk warns that Doge could reach the price of Bitcoin rival Dogecoinby Billy Bambrough

“The next President of the United States just launched a meme coin days before his inauguration,” said cryptocurrency investor and YouTuber Anthony Pompliano. to publish To X. Financial markets are not ready for what is coming, fasten your seatbelts.”

“This is just a preview of what we can expect over the next four years,” said cryptocurrency trader and YouTuber Ran Neuner. to publish to X, adding “You’re not optimistic enough.”

this week, A series of leaks have indicated that Trump is preparing to issue a series of executive orders that would shake up the cryptocurrency landscape Shortly after his inauguration on Monday, January 20.

Meanwhile, Bitcoin and cryptocurrency executives gathered in Washington for a so-called Crypto Ball on Friday, aiming to rally support for Trump among the cryptocurrency community and demonstrate their value to the incoming administration.