Discover how Trump’s policies and Elon Musk’s new role have boosted dogecoin and bitcoin, and a potential impact on China’s digital-asset market in our round-up
Dogecoin soared on news of Elon Musk's appointment to the Trump administration, with the meme coin surging nearly 38 cents from under 16 cents before the presidential election. The president-elect's pro-crypto stance and Musk's fanatical support have helped drive its market value.
Meanwhile, FTX is suing Binance over the cryptocurrency exchange's sale of its FTX stake, in the latest conflict between the two crypto giants. Bankman-Fried, the founder of FTX, faces a 25-year prison sentence for fraud. Binance has denied the claims, stating they are meritless.
Bitcoin hit a new record high following Donald Trump's election, driven by expectations of crypto-friendly policies. The overall crypto market value now stands at US$3.1 trillion.
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