BTC soared to a record $109,588. Trump and his wife Melania issued Meme coin over the weekend, which quickly surged in value, sparking criticism from industry executives in the encryption industry, who said these Tokens weakened the industry's credibility. Despite the fine print on the website stating that their Tokens are not 'investment opportunities, investment contracts, or any form of securities,' Trump's enthusiastic encryption followers immediately started buying. The Market Cap of Trump's issued Meme coin once reached $15 billion, but it briefly fell below $8 billion after Melania's Token took away some followers. This further proves that Trump's election as President of the United States is leading a new era of encryption frenzy.