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

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.

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.

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.

Bitcoin rejoined the crypto rally amid reports that President-elect Donald Trump could release an executive order on crypto as soon as day 1.

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.