Bitcoin’s price is on the rise again, and some analysts think it could hit a new record high after Donald Trump’s inauguration.
Bitcoin’s Price Surge
Before Trump’s last inauguration, Bitcoin’s price jumped significantly. Now, with his return looming, Bitcoin is climbing towards $100,000 again. Big investors (“whales”) are making major moves, with one recently spending $6 million on options contracts. This activity, along with Trump’s pro-crypto stance and plans for a digital asset reserve, is fueling the price increase. Companies like MicroStrategy are also continuing to buy Bitcoin, further boosting confidence.
Altcoins Riding the Wave
This Bitcoin surge isn’t just benefiting Bitcoin. Other cryptocurrencies, especially those in presales, are also seeing increased interest.
Wall Street Pepe ($WEPE)
Wall Street Pepe ($WEPE), a new meme coin, has already raised $42 million since launching. It’s attracting investors by promising to empower smaller investors and level the playing field against “whales.”
Best Wallet ($BEST)
Another token on the rise is Best Wallet ($BEST), a utility token that’s also in presale and has already raised $6.5 million.
The Bottom Line
The crypto market is buzzing with excitement, and the upcoming inauguration is adding fuel to the fire. Bitcoin and several altcoins are showing strong potential, but remember to do your own research (DYOR) before investing. This isn’t financial advice.
