A historic day in Washington, D.C., took an unexpected twist, not only in politics but also in the world of cryptocurrency. As Donald Trump took the oath of office to reclaim the US presidency, Bitcoin shattered records, skyrocketing to an all-time high of nearly $110,000.

At the same time, the launch of meme coins by the first couple has thrown the crypto market into a whirlwind of volatility. Trump introduced his cryptocurrency, $TRUMP, just days before his inauguration, a move that jolted the crypto world.

The Meme Coin Mania

Initially, $TRUMP surged to $74, but it faced a sharp dip when Melania Trump unveiled her own coin, $MELANIA. Her announcement sent $TRUMP plummeting to $38 before a partial recovery to $63, according to data from CoinMarketCap.

The 60th Presidential Inauguration Ceremony https://t.co/kTB4w2VCdI

— Donald J. Trump (@realDonaldTrump) January 20, 2025

Meanwhile, $MELANIA began trading at just over $12, reflecting the unpredictable nature of these internet-inspired meme coins. Despite their volatile prices and lack of intrinsic value, meme coins have become a notable trend.

The use of the Solana blockchain for these tokens further highlights the former president’s pivot toward a digital-first economy. Among recent appointments, Trump’s choice of Howard Lutnick, a known crypto advocate, to lead the Commerce Department highlighted his administration’s apparent commitment to the sector.

The Official Melania Meme is live!

You can buy $MELANIA now. https://t.co/8FXvlMBhVf

FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6

— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025

While $TRUMP and $MELANIA garnered attention, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term stole the spotlight by soaring to $109,420 on Bitstamp, surpassing its December high. This surge pushed Bitcoin’s market cap beyond $2.1 trillion, reinforcing its position as one of the world’s most valuable assets.

Analysts attribute this rally to renewed investor confidence spurred by Trump’s crypto-friendly policies and his vow to repeal "radical" Biden-era executive orders. However, the road has been anything but smooth. Bitcoin briefly dropped below $100,000 following the initial chaos surrounding the meme coins.

Bitcoin’s Meteoric Rise

Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term, including SOL, DOGE, and ADA, experienced significant declines, with losses ranging between 6% and 8%. This turbulence triggered over $1.2 billion in liquidations, affecting more than 400,000 traders worldwide, data from CoinGlass shows.

The introduction of $TRUMP and $MELANIA has sparked heated debate within the crypto community. While some view the former president’s endorsement of cryptocurrency as a potential boost for mainstream adoption, others express concern over the speculative nature of meme coins.

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

As Trump returns to the Oval Office, the spotlight will remain on the intersection of politics and cryptocurrency. With Bitcoin achieving new heights and meme coins stirring controversy, the crypto market’s future appears as dynamic as ever.

Whether this surge marks a new era of growth or a fleeting bubble will depend on how the industry and policymakers navigate these unprecedented developments.