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Bitcoin Price Trump Sends Trump Meme Coin Soaring, and Sinking, with One Truth Social Post as Bitcoin Blasts Past $85,000

Washington: In a bizarre turn of events, the price of Bitcoin surged past $85,000 on Tuesday, with some attributing the sudden spike to a single Truth Social post by former US President Donald Trump.

Trump, who has been a vocal critic of Bitcoin in the past, posted a meme featuring himself and the phrase "Who's a good boy?" on his Truth Social platform. The post was accompanied by a picture of a dog, which has become a popular meme online.

The post sent shockwaves through the cryptocurrency market, with Bitcoin's price jumping from around $82,000 to over $85,000 in a matter of hours. The sudden surge prompted many to speculate that Trump's post had somehow influenced the market.

However, not everyone was convinced that Trump's post was the sole cause of Bitcoin's price surge. Some analysts pointed out that the cryptocurrency had been on an upward trend for weeks, and that the post was simply a coincidence.

Despite the uncertainty, the price of Bitcoin has continued to rise, with some predicting that it could reach new all-time highs in the coming days. The cryptocurrency has been on a tear in recent months, with its value more than doubling since the start of the year.

The sudden surge in Bitcoin's price has left many wondering what could be driving the market's upward momentum. Some have speculated that the cryptocurrency's increasing mainstream adoption, as well as its potential use as a hedge against inflation, are driving its value higher.

Regardless of the reason, the sudden surge in Bitcoin's price has left many investors feeling optimistic about the cryptocurrency's future. Whether Trump's post was the sole cause of the price surge or simply a coincidence, it's clear that the former President's influence on the market is limited at best.