Melania Trump's $MELANIA meme coin launch sparked a crypto frenzy, hitting a $5 bn market cap and causing a 40 per cent crash in Donald Trump's $TRUMP token within minutes
Trump plans to issue an executive order prioritising cryptocurrency, establish a Bitcoin reserve, and create a crypto advisory council to reduce regulatory hurdles
Bitcoin, meanwhile, has gained 164 per cent in the last one year - from a level of around $37,000 to nearly $98,300 now. This is despite the cryptocurrency halving in April 2024.