In today’s recap, Marcello talks about the dawn of a new year bringing big changes, with a new president in office and the launch of a Trump-themed cryptocurrency making waves in the markets. The newly created Trump Meme Coin has skyrocketed to nearly $12 billion in market value, while Melania Trump’s own crypto project has added to the buzz with a $1.9 billion debut. Stay tuned as we dive into how these developments are shaping the start of the year.
Cryptocurrencies tied to President Donald Trump made headlines this week with remarkable market activity. Trump’s newly created cryptocurrency surged on Monday, reaching a market value of nearly $12 billion, while Bitcoin hit a record high of $109,333. Trump’s coin has already become the 18th largest cryptocurrency, boasting a 24-hour trading volume of $52.5 billion. Adding to the excitement, Melania Trump launched her own cryptocurrency on Sunday, which debuted at $12.03 per token with a market capitalization of $1.9 billion. These developments highlight the growing influence of the Trump brand in the crypto space.
The gold & silver market is in a pivotal moment as Trump’s economic policies have revitalized & energized the landscape for precious metals. President Trump’s aggressive trade policies generated investor interest particularly in gold because gold’s ability as a strategic asset to offset the effect of higher inflation. Trump’s initial policy moves have been characterized by a series of bold executive actions, including proposed tariffs, immigration reforms & withdrawal from international agreements. These actions are creating ripple effects across financial markets, particularly in how investors perceive inflation hedges & safe-haven assets.
The United States, the world’s biggest donor, froze virtually all foreign aid on Friday, making exceptions only for emergency food, & military funding for Israel & Egypt as well as Turkey. The sweeping order appears to affect everything from development assistance to military aid, including to Ukraine, which received billions of dollars in weapons under U.S. President Trump’s predecessor Joe Biden as it tries to repel a Russian invasion.
Tuesday a record snowstorm hit Houston, New Orleans & many other towns & cities across the southern U.S., breaking snowfall records that have stood for +100 yrs. At least 9 people have died. Florida broke all-time snowfall record as a ‘once-in-a-lifetime’ storm blanketed the Gulf Coast. The storm delivered travel-snarling snow from Texas to the Carolinas & breaking records in many places. All-time snow records were set on the central Gulf Coast & all-time state snowfall records were breached in Louisiana & Florida. Estimates for total damage & economic loss from the snow, ice & extreme cold in the South is $14-$17B.
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