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On January 20th, after U.S. President Donald Trump’s return to the White House, his cryptocurrency, $TRUMP, surged 73% to a market value of about $9.2 billion. Melania Trump also launched her meme coin. However, cryptocurrency prices fell earlier this week, with Bitcoin reaching a three-week low.
Concerns over a global trade war drove the decline. President Trump initially imposed 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods but later reversed his decision. To learn more about cryptocurrencies, I’m joined live by Mussie Haile, CEO and founder of Moya Technologies Inc. in Fairfax, Virginia.