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President-elect Donald Trump (now President Trump) has introduced his own cryptocurrency token, dubbed $TRUMP coin, just days before his inauguration. The launch has taken the $3.5 trillion cryptocurrency industry by surprise, with the token's value skyrocketing from mere cents to $33.87 within 24 hours—a staggering 18,000% increase. The price has since stabilized around $26, resulting in a market capitalization exceeding $5 billion, placing it among the top 30 cryptocurrencies globally.
The Trump Organization's affiliate, CIC Digital, holds 80% of the $TRUMP coins, indicating significant control over the token's supply. This move is seen as a precursor to the incoming administration's pro-crypto agenda, with expectations of executive orders aimed at lighter regulation and the establishment of a bitcoin strategic reserve. Bitcoin prices have responded positively, trading near record highs in anticipation of these developments.
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**Poll Of The Day**
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**Fun Fact Of The Day**
The first real-world transaction using Bitcoin occurred on May 22, 2010, when a programmer paid 10,000 bitcoins for two pizzas. At today's prices, those bitcoins would be worth over $1 billion, highlighting Bitcoin's dramatic increase in value over the past 15 years.
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