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Cryptocurrency News Articles

Bitcoin Celebrates Trump Inauguration With New All-Time High

Jan 21, 2025 at 04:59 am

Just hours before Donald Trump is set to be sworn in as President of the United States, Bitcoin overcame more than a month of uncertainty to set a new all-time high of more than $109,000.

Bitcoin Celebrates Trump Inauguration With New All-Time High

As Donald Trump prepares to take the oath of office as President of the United States, the cryptocurrency market has seen a surge of activity.

From the launch of the official $TRUMP meme coin on Solana to Bitcoin’s latest all-time high, traders are keeping a close eye on the market for new opportunities.

This article takes a closer look at two meme coins that could be set to replicate the success of $TRUMP and $MELANIA.

Bitcoin Celebrates Trump Inauguration With New All-Time High

Just hours before Donald Trump is set to be sworn in as President of the United States, Bitcoin overcame more than a month of uncertainty to set a new all-time high of more than $109,000.

At this point, it feels strange to think that market-wide bearishness had firmly set in just a week ago, when BTC dipped as low as $89,000 at one point. As the daily chart below shows, that move cracked through a pair of “confluence of support” lines, which previously seemed unbreakable:

Fortunately, the “confluence of support” theory proved its worth, as the $89,000 dip was very short-lived. From last Tuesday onwards, Bitcoin rocketed up towards its latest all-time high, pausing only due to the weekend volatility caused by the launch of the TRUMP meme coin.

When a new mega-hit crypto appears in the market, it can easily pull liquidity from other coins as traders sell part of their holdings and try to ape into the new token before its price peaks. This FOMO-driven activity can lead to a lot of risky buys – but it also creates the opportunity for the winners to rotate their profits back into their favorite cryptos once more, raising and stabilising prices across the market again.

Especially at a time like this, during a bull market on the eve of Trump’s inauguration and the passing of pro-crypto executive orders, we can expect investors to stay in the market rather than cashing out and sitting on the sidelines.

Nonetheless, “bear market PTSD” has continued to impact the performance of many market participants, and others simply find it challenging to keep up with the breakneck speed of the crypto industry. That’s why you need to check out Wall Street Pepe and Solaxy – regardless of your current crypto trading skills.

Next Cryptos to Explode?

At this point in the crypto bull run, countless traders and investors have missed out on major opportunities – from the official TRUMP and MELANIA coins to Fartcoin, dogwifhat, Pepe, and many more.

Meme coins have become a central part of the crypto landscape, and Wall Street Pepe ($WEPE) is joining the ranks of the top-ranking memes, while also providing immense value and utility to its community.

Simply by purchasing and holding WEPE tokens, you can become part of the WEPE Army – a holders-only trading and investment community where crypto masters will share their secrets and insights. If you’re looking for alpha calls, trading strategies, and up-to-the-minute crypto analysis, the WEPE Army is the group you need to join.

It will also be the best way to stop missing the biggest opportunities in crypto, like the ones listed above. Wall Street Pepe is already headed for the top of the meme coin industry, thanks to its presale ICO – which has raised more than $53 million and is still going strong.

WEPE tokens are currently available to buy at a significantly discounted price of $0.0003665, and can also be staked to create passive income for an APY of 24% pa.

Eagle-eyed crypto fans will have noticed that both TRUMP and MELANIA – the official meme coins for Donald Trump and his wife Melania – launched on Solana, the Layer 1 blockchain that has become one of this bull market’s biggest stars. This makes Solaxy ($SOLX) one of the all-time top cryptos to watch (and consider investing in) for 2025.

Solaxy is the first Layer 2 scaling solution for Solana – a blockchain that, despite its status, continues to struggle with network congestion and failed transactions. Solaxy is planning to solve these key issues by easing the load on the Solana L1, thereby increasing processing speeds even further and reducing congestion while making the network more reliable than before.

SOLX – Solaxy’s native cryptocurrency – will also be compatible with the Ethereum blockchain, bringing together Solana’s speed (and low fees) and Ethereum’s immense DeFi liquidity pools. Web3 sectors like DeFi, GameFi, RWAs (real-world assets) and meme coins will all be able to benefit hugely from this combination, which will drive developers and builders to join the Solaxy ecosystem.

So far, the Solaxy presale has raised over $12 million, and SOLX tokens are

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Other articles published on Jan 21, 2025