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Will Bitcoin (BTC) Hit $110K Before Donald Trump Takes Office? The cryptocurrency market has been increasingly volatile over the past week. The world’s largest cryptocurrency Bitcoin (BTC), recorded a notable spike in its price. The king coin had been lingering below the coveted $100,000 zone for a while now. But as we inch closer to Donald Trump’s inauguration day, the asset managed to surge. This led to the community widening their expectations and looking forward to BTC recording a new peak before Trump takes office. Throughout the past week, Bitcoin recorded a nearly 8% rise. The asset went from trading at a low of $92,371 all the way to a high of nearly $102,000. At the time of writing, BTC was priced at $101,780.09, with a 2.10% spike over the last 24 hours. Bitcoin is currently trading 6.39% below its all-time high of $108,268.45. This peak was achieved back in December exactly a month ago. The community believes that BTC could benefit from Donald Trump’s inauguration and record a new high before the event. On Monday, January 20, Donald Trump will take the oath of office as the 47th president of the United States. Fireworks will officially begin the swearing-in ceremonies on Saturday, January 18. In addition, the four-day itinerary will feature a Make America Great Again (MAGA) victory rally on Monday’s eve of the oath-taking, as well as three VIP events at Trump’s golf property outside of Washington, DC. According to data from CoinCodex, BTC certainly has the potential to surge to the coveted $110,000 mark, but it might have to wait longer. The firm revealed that the highest price level that Bitcoin will trade at is $107,161 on the day of the inauguration. Therefore, the chances of BTC rising to $110,000 before Trump takes oath were diminished. Nevertheless, CoinCodex revealed that the asset could rise to $128,399 later this month. #bitcoin #altcoins #cryptomarket #cryptocurrency #cryptonews
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Will Bitcoin (BTC) Hit $110K Before Donald Trump Takes Office?
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Trump’s TRUMP2 NFTs Jump +900% Ahead Of His Inauguration Donald Trump, the President-Elect of the United States of America, is slated to be inaugurated as the 47th President this coming week. In anticipation of this highly awaited inauguration event, a non-fungible token collection affiliated with President-Elect Trump is bull running. In the past 24 hours, Donald Trump’s TRUMP2 NFTs have jumped nearly 1,000%. Trump Digital Trading Card Series 2 NFTs Rise +900% Data compiled by coingecko.com, an on-chain crypto market data aggregator and a non-fungible token collection explorer, shows that Donald Trump’s trading NFT cards have significantly risen in trading sales volume. In the past 24 hours, the Trump Digital Trading Cards Series 2 NFTs have raised a trading sales volume of 219ETH, up +70,000% from the previous day. During this period, the Trump Digital Trading Cards Series 2 NFT has seen its floor price climb to 0.073 ETH. Launched in April 2023, Trump Digital Trading Card Series 2 is a non-fungible token from the crypto-friendly Donald Trump created on the Polygon, an Ethereum scaling solution blockchain network. The total Trump Digital Trading Card collection featured a limited set of 47,000 NFTs hosted on the Polygon blockchain network. The NFT collection followed Trump’s 1st NFT edition, launched in December 2022. Donald Trump’s first NFT edition featured unique Trump Trading Cards, Limited One-of-Ones, and Gold and Silver Autographed Cards. In this first edition, Trump was disguised as a Cowboy, Astronaut, Business, and more. The NFT collection featured a limited set of 45,000 NFT cards. The Trump Digital Trading Card series 2 NFT collection featured even more incredible art inspired by some of the most iconic moments from Trump’s time as a public figure. These NFTs featured Trump disguised as Rockstar, Monster Truckers, and more. Donald Trump Inauguration Donald Trump will be sworn in as the 47th president of the United States on Monday, January 20, 2025. #bitcoin #altcoins #cryptomarket #cryptocurrency #CryptoNews
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Trump’s TRUMP2 NFTs Jump +900% Ahead Of His Inauguration
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Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve Texas aims to lead the digital revolution with a groundbreaking “Strategic Bitcoin Reserve Act,” securing economic resilience and innovation through state-managed bitcoin integration. Texas Proposes Strategic Bitcoin Reserve to Revolutionize State Finances Texas State Senator Charles Schwertner has introduced Senate Bill 778, known as the “Texas Strategic Bitcoin Reserve Act,” to establish a state-managed bitcoin reserve. Schwertner emphasized the significance of this initiative on social media platform X on Jan. 15, stating: It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. “This would position our state at the forefront of the digital economy, driving growth and securing economic freedom for our great state!” he added. The bill outlines measures for the secure management of bitcoin within the state treasury, administered by the Texas Comptroller. Provisions include the use of “cold storage” for secure custody, regular audits, and policies ensuring transparency and best practices in digital asset management. Residents and organizations would be allowed to donate bitcoin to the reserve, with acknowledgment certificates available for contributors. The legislation highlights bitcoin’s potential to hedge against inflation, strengthen financial resilience, and foster innovation in digital finance. Regular reporting would keep the public informed of the reserve’s status and performance. If enacted, the Texas Strategic Bitcoin Reserve Act would position the state as a leader in the digital economy. The bill also establishes protocols for bitcoin transactions, limiting them to emergency or legislative-approved scenarios to maintain oversight and accountability. #bitcoin #altcoins #cryptomarket #cryptocurrency #CryptoNews
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