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@kfm Mon, 20 Jan 2025 09:31:40

Trump’s crypto token surges to $11.7 billion market cap, bitcoin hits record high

By Reuters Donald Trump’s newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect’s return to the White House. Launched on Friday, Trump’s meme coin, also known as $TRUMP, surged to $58.56 at 0820 GMT on Monday, giving it a market capitalisaton of about $11.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. Its 24-hour trading volume reached $52.5 billion. Trump had on Friday launched the digital token with branding including an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial. Of the total number of tokens, […] The post Trump’s crypto token surges to $11.7 billion market cap, bitcoin hits record high first appeared on 93.3 KFM.

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