Bitcoin up 4%, Hits Record High at $108,910
Bitcoin broke through $108,000, with a 24-hour percentage change of 3.5%
President-elect Donald Trump promised a crypto-friendly administration. Days before taking office a second time, he and his family began selling new cryptocurrencies.
Named $TRUMP and $MELANIA, the projects are meme coins, a type of crypto whose value is based largely on the popularity of internet memes. The tokens are available on the Solana blockchain.
The president-elect’s token, which was unveiled Friday night, quickly soared in value and held a market value of more than $9 billion as of Sunday afternoon, according to CoinMarketCap.
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