Bitcoin Rises as Investors Hope for Crypto-Focused Executive Orders from President Trump
Bitcoin has seen a surge in value as investors hope for crypto-focused executive orders from President Trump. The rise in value has been accompanied by optimism from business leaders attending the World Economic Forum in Davos, who believe that the United States is likely to see pro-crypto regulation in the near future.
In addition to the rise in value, there has also been a surge in interest for memecoins, a type of cryptocurrency that is often created as a joke or a meme. According to Dan Hughes of Radix, the surge in interest for memecoins is likely due to President Trump’s inauguration, which has brought a new level of attention to the cryptocurrency market.
