Little-Known Company’s Trump Coin Bet Ignites Massive Stock Rally
A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement. Related Reading: Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move According to a Bloomberg report, the lesser-known company […]
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After a two-month-long downfall, which saw the total market cap of the top meme coins fall from $116.6B to just $40B, the meme coin market is up and running again. It has gained a staggering 45% in market cap in around three weeks. The larger crypto market is green, too, with the granddaddy of all cryptocurrencies, Bitcoin, climbing over $95K. It’s now within touching distance of its all-time high of $109K. Moreover, last week, Bitcoin ETFs experienced their largest inflows ($3B) since December. Plus, according to a recent forecast by financial services company Standard Chartered, we....
The once-flying Trump meme coin has crashed, costing investors billions of dollars. The so-called “Official Trump” coin, which once shot up to $75 per token, is currently only worth $16.00. According to grapevines, US President Donald Trump and his friends got away with a fortune, while regular traders suffered a severe blow. Related Reading: Trump […]
A new bill is making its way through the US Congress, in a bid to stop politicians from launching their own cryptocurrency coins. This move comes after many investors lost money big-time on the TRUMP meme coin, which is associated with US President Donald Trump. The coin’s wild ride has made people wonder if politicians […]
The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market. The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States' stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility.The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows.Hourly chart of Bitcoin. Source: TradingView.comElection triggers volatilityThe....
On May 22, US President Donald Trump is expected to play host to the top 220 biggest holders of his $TRUMP meme coin – either at the White House or his Virginia golf club. Bringing these crypto whales together into a high-level political setting signals that meme coins have outgrown their humor status; they’re now […]