President-elect Donald Trump has launched a new cryptocurrency token that's soaring in value and potentially boosting his net worth.

Major exchanges like Coinbase and Binance say they intend to list Trump’s token on their platform, while Melania also unveiled a coin.

Altcoins may have more room to rally than bitcoin after the pro-crypto president elect Donald Trump returns to the Oval Office, with his inauguration scheduled on Monday, industry participants said.

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

A digital token debuted by President-elect Donald Trump has rattled the cryptocurrency market, attracting billions of dollars of trading volume while stoking concerns about conflicts of interest.

Trump's embrace of cryptocurrency could mark a change from the regulatory hammer that has fallen on crypto companies under the Biden administration.

Ahead of his return to the White House, the United States, US President-elect Donald Trump has launched his own cryptocurrency, $Trump. BBC reports that the meme coin quickly soared in market capitalisation to several billion dollars hours after it was launched.