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The crypto market is witnessing significant activity as several tokens show rally potential despite a turbulent start to 2025. Bitcoin impressively climbed to an all-time high of $109,114 on January 20. A surge in global market capitalization by 4.45% over the past 24 hours, settling at $3.75 trillion, fueling the debut of a new coin tied to a political heavyweight.
$TRUMP Surges 698% in a Week — Trump’s Inauguration Could Push Further Rally
The entry of Donald Trump into crypto has reshuffled investor focus. Official Trump ($TRUMP), as such a newly launched token, rallied overnight and its price increased to over $74 and the market cap of more than $14 billion. In the past week, the cryptocurrency has jumped 698%.
Eager to capitalize on the coin’s climbing popularity, expectations are high for the coin’s continuance of growth with Trump’s inauguration as the 47th President of the United States today. But not all are convinced: some see the coin’s speedy surge as having sucked liquidity out of other assets, and all down. Bitcoin and many other top coins have seen small sell offs as traders shift funds into $TRUMP.
