Cryptocurrency

Melania Trump’s memecoin, named $MELANIA, was also shared on Donald Trump’s Truth account. Despite the mid-day loss, $TRUMP is still up 7000% since its launch on Friday. This increase has brought significant paper wealth to the incoming President, amounting to billions.The market capitalization of $TRUMP is approximately $33 billion. The impact of Melania Trump’s memecoin on the value of $TRUMP will continue to be monitored.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” Trump wrote in a post on his social media platform Truth Social.The move comes ahead of Trump’s inauguration on Monday, which is widely expected to usher in a new era of digital asset adoption.Trump, who previously called Bitcoin “a scam”, has pledged that America would be “the crypto capital of the planet” once he returned office.$TRUMP was trading just above $71 as of 07:40am ET (12:40 GMT), reaching a market cap of $14.2 billion, according to CoinMarketCap.Major crypto exchanges including Coinbase (NASDAQ:COIN) and Binance have said they plan to list the memecoin token.Some 200m of the digital tokens have been issued and another 800m will be released in the next three years, the coin’s website said. More

WASHINGTON (Reuters) -Cryptocurrency executives swilled cocktails and danced to rap superstar Snoop Dogg on Friday night as they celebrated the approaching inauguration of President-elect Donald Trump, whose administration has promised major changes in crypto policy. After years of butting heads with Washington policymakers, executives from crypto companies including Crypto.com, Kraken, and Exodus partied at the first-ever crypto inauguration ball held at the 90-year-old Andrew W. Mellon Auditorium beneath towering 62-foot (19-metre) columns. Clad in black tie and ball gowns, guests noshed on miniature lobster rolls and Trump’s favored McDonald’s (NYSE:MCD) burgers and fries, according to social media posts and two attendees who spoke to Reuters. In addition to Snoop Dogg, the entertainment lineup featured rappers Rick Ross and Soulja Boy, the attendees said.One of many Washington celebrations ahead of Trump’s Monday swearing-in, the crypto gala marks a stunning turnaround for an industry that has been in the Biden administration’s crosshairs. Two years ago, it looked to be on the brink of extinction amid the collapse of FTX.Trump, who did not attend the gala, courted crypto campaign cash with promises to be a “crypto president,” and is expected next week to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets. “There were a lot of dark years,” said Les Borsai, co-founder of the crypto investment adviser Wave Digital Assets, who flew in from Los Angeles. “If this signifies what the future looks like … I think that’s the optimism we’ve been waiting for.” Swag included “Make Bitcoin Great Again” red baseball caps, and American flag pins with the symbol for Gemini, an event sponsor and crypto exchange founded by Cameron and Tyler Winklevoss, who backed Trump’s campaign. SOLD OUTTickets sold out at $2,500 each for general admission, the ball’s website said, but for a cool $100,000, VIP packages provided face time with tech entrepreneur David Sacks, Trump’s incoming crypto czar and the gala’s emcee, according to attendees and crypto media outlets.  About 1,500 people attended.Several other officials from Trump’s incoming administration were also present, the attendees said. Other sponsors included the digital asset division of Robinhood (NASDAQ:HOOD), MicroStrategy and Crypto.com, according to the event website. Sponsors had cocktails named in their honor.”Last night was truly a testament to how mainstream crypto has become,” said JP Richardson, CEO of Exodus, which co-hosted the ball.While the industry was reveling, Trump on Friday night expanded his cryptocurrency interests, which already include World Liberty Financial, by launching a digital token branded with an image from his attempted assassination in July. The price of that “meme coin” was around $27 by Saturday afternoon, giving it a market capitalization of about $5.5 billion, according to CoinMarketCap. Worried about fraud and money laundering, President Joe Biden’s regulators cracked down on crypto companies, suing exchanges Coinbase (NASDAQ:COIN), Binance, Kraken and dozens more in federal court. Trump’s crypto policy team is taking shape, with his crypto-friendly Securities and Exchange Commission chair pick Paul Atkins expected to forge major crypto policy changes. “The crypto voter showed up in the election and this event signifies a turning point for crypto policy in the United States,” Jonathan Jachym, global head of policy at Kraken, said in a statement. Bitcoin, the world’s largest cryptocurrency, hit new records above $107,000 in December on excitement over Trump’s policy changes.”We are proud to support the Crypto Ball (NYSE:BALL) … and look forward to supporting the new administration to advance innovation in digital assets,” said a spokesperson for Crypto.com, adding the company’s president of North America, Matt David, attended. Representatives for the Trump administration, Robinhood, MicroStrategy, Gemini and the event’s other two hosts, BTC Inc. and Stand With Crypto, did not immediately comment. Sacks did not immediately return an emailed request for comment. Representatives for Snoop Dogg, Rick Ross and Soulja Boy could not immediately be reached on Saturday.  More

Bringing cutting-edge AI technology to the forefront of gaming and blockchain, GameGPT announces the official launch of their Genesis AI NFT Collection—an innovative blend of digital NFT ownership and advanced AI Agent capability. With this launch, GameGPT aims to redefine how video games are created: providing gamers, creators, and blockchain enthusiasts with next-generation tools for immersive digital experiences.The upcoming AI Agent NFT Collection of 6,000 NFTs offers owners the ability to upgrade these digital assets into interactive AI Agents. These Agents can:“We believe AI is the next frontier in game development,” says Will Deane, Founder and CEO of GameGPT. “By combining blockchain with advanced AI, we’re not only speeding up the creation process but also enabling the average person to bring their game ideas to life. This launch is just our first step in radically reshaping the future of online gaming.”For more information on the upcoming AI Agent NFT auction or AI Game Builder, visit GameGPT’s Discord channel or follow their social media channels.Disclaimer: The AI Agent NFTs are digital collectibles that enable optional AI-powered features. Buyers should familiarize themselves with potential risks, including technical, financial, and regulatory considerations.Official channels: Website | Telegram channel | Telegram chat | X | YouTube | DiscordContactCo-FounderDevin LovatoGameGPTdevin@rmg.ioThis article was originally published on Chainwire More

This tweet was published while Bitcoin briefly surged to touch the $106,000 price mark. That was followed by a slight pullback, and the world’s largest cryptocurrency by market capitalization size is now changing hands at $103,120 per coin. This constitutes a 2.71% decline within several hours today.It happened as the speculation about the new presidential administration in the U.S. and the newly elected political leader’s plans to give the green light to the creation of a strategic BTC reserve for the country and start building it this year.According to a screenshot from the Kalshi betting market, the probability of it happening has reached a historic peak of 70%.Another key factor that has driven the Bitcoin price up that high is the approaching of Donald Trump’s inauguration day, which will be Jan. 20, Monday next week.The sell has not taken place yet, but it could result in the U.S. government obtaining $7,152,699,078 in exchange for this crypto. Many crypto fans, however, hope that the newly elected U.S. president Donald Trump will prevent the potential sale and keep that huge amount of Bitcoin for the strategic reserve he plans to build.This article was originally published on U.Today More

Ali, a crypto analyst, has identified the legendary cup and handle pattern on the Bitcoin price chart. This technical formation, often seen as a bullish indicator, suggests that Bitcoin could be on the verge of a significant price surge.According to Ali, Bitcoin’s breakout from this pattern signals a potential upside target of $276,400. The cup-and-handle pattern consists of a “cup” shape, where the price gradually declines and then rises to form a rounded bottom, followed by a “handle,” in which the price consolidates briefly before breaking out to new highs.The cup-and-handle pattern has appeared in Bitcoin’s price history during previous bull runs, often preceding significant increases. If validated, this current setup sparks optimism for Bitcoin’s price trajectory.Similarly, in a recent X post, CryptoQuant predicts that Bitcoin’s price could soar past $200,000 in 2025. It cites potential $520 billion inflows, pro-crypto policies and a bullish four-year cycle as factors that might drive this outlook. According to CryptoQuant, Bitcoin’s multiplier effect might result in a $2-$6 increase in market value for every $1 inflow.Following a major sell-off at the week’s start, cryptocurrencies rebounded as riskier assets surged widely in response to comforting U.S. inflation data, which reignited expectations of future Federal Reserve interest rate reduction.In the last 24 hours, gains across various crypto assets have been reversed, with the majority trading in losses. In the last 24 hours, $477 million worth of cryptocurrency positions were liquidated, per CoinGlass data.So far this year, Bitcoin has traded quite closely with stocks. It has been in consolidation mode since late December, when Federal Reserve Chair Jerome Powell issued an inflation warning, which was later lifted this week following two mild December inflation figures. Bitcoin ETFs have received more than $1 billion in inflows during the last two days.This article was originally published on U.Today More

His tweet came out as the world’s flagship cryptocurrency Bitcoin surpassed the $103,000 price level and then went on to overcome $105,000 before facing a small rebound.He asked his followers whether they had ever regretted not buying the Bitcoin dip, not buying early and not ignoring FUD. Back on that day, Bitcoin first traded above $94,000 and by the end of the day it managed to overcome $97,000. He hinted that now the opportunities are as wide and plentiful as when they were when Bitcoin only started its glorious march on the market. “Today is earlier than all the days to come,” CZ stated.In the tweet published today, Zhao made sure everyone understood his Jan. 14 post correctly. He said that when speaking about “today” then, he was not referring to that particular day but “it was a generalization.” He then jestingly added that “even the short-term charts aligned with it,” hinting at the lower Bitcoin price on that day. To prove his point, CZ published a screenshot of a Bitcoin chart from CoinMarketCap which shows BTC surging above $103,500 earlier today.On Jan. 16, CZ also offered his view on the altcoin market, tweeting: “What’s good for Bitcoin is good for alts.”At the time of this writing, Bitcoin is changing hands at $102,760 per coin.This article was originally published on U.Today More

Bitcoin has not made a clear move above this barrier, indicating that there is insufficient evidence to support a complete uptrend. In order to maintain its upward trend, Bitcoin needs to surpass its previous peak of approximately $110,000. Its price action remains in a mixed zone until then, and any rejection below this level could strengthen the hidden downtrend. The volume profile of Bitcoin is another factor contributing to the uncertainty. It has not yet attained the levels observed during its previous peaks, despite a recent increase.This can suggest that there is not enough intense buying power to move Bitcoin past its present resistance. However, Bitcoin’s ability to hold steady above the 50 EMA and maintain its value around $100,000 gives bulls hope. These levels serve as solid support, and a breakout is still possible as long as Bitcoin stays above them.Bitcoin is at a turning point in the near future. The hidden downtrend would be disproved and a return to bullish momentum would be indicated by a breakout above $110,000. In contrast, it might confirm a wider correction if it fails to break above the trendline and drops below $9,000. The $0.45-$0.50 range may be the target of future upward movement if Dogecoin can gain traction above $0.40 and sustain its momentum past the 50 EMA. This positive outlook is also supported by the volume data. The buying pressure has increased noticeably, which is necessary for DOGE to continue its current bullish attempt. The market is still cautious, though, because a retracement back to the support zone around $0.35 could occur if it is unable to hold above $0.40.The bearish trend that has been in place since mid-December would be nullified if this resistance level were broken. A strong breakout would suggest that bulls are back in control and might even lead to a larger rally. In the event that DOGE is unable to maintain its position above the resistance, bears may regain control and push the price back down to $0.30 or below. In that case, DOGE would probably enter a protracted consolidation phase. But it is hard to break through the resistance levels at the 50 EMA – roughly, the $3,557 and $3,800 mark. The price has repeatedly failed to close above these crucial levels, indicating a lack of bullish momentum. A dreary picture is also painted by the current volume, which indicates little buying interest and feeds bearish sentiment. The likelihood of a deeper retracement rises if Ethereum is unable to break through the 50 EMA and gain traction above $3,800. The 200 EMA, which has served as ETH’s effective defensive line thus far, is located close to $3,120, the next important support. Should there be a breakdown below this threshold, additional drops might be possible, possibly reaching $2,900 or less. A successful breach above $3,800, on the other hand, might reignite bullish sentiment and move Ethereum closer to the psychological level of $4,000 and higher. This article was originally published on U.Today More