Crypto NewsAnalysisAfter the New Record in Bitcoin, a New Post Came from Binance...

After the New Record in Bitcoin, a New Post Came from Binance Former CEO CZ!

Binance former CEO CZ shared a post after the rise in Bitcoin.

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Donald Trump and his wife, who will take office today, launched their own tokens over the weekend. While memecoins named TRUMP and MELANIA attracted attention with their rise, there was a decline in Bitcoin and altcoins in the early hours of this morning.

However, this decline was short-lived and BTC broke new records, reaching a new ATH of over $109,000.

While the rise in Bitcoin revived the market, Changpeng Zhao (CZ), former CEO of Binance and still one of the most influential names in the cryptocurrency world, shared a post from his X account.

While it is being evaluated that the rise in Bitcoin is due to Trump taking office today, CZ shared, “I forgot to mention, what is good for memes is also good for Bitcoin.”

In this post, CZ referred to Trump's memecoin launch and its rise as good for Bitcoin, implying that the rise could continue.

CZ also said that he has no plans to launch a memecoin himself after Trump launched his own token.

Bitcoin continues to trade at $108,400 at the time of writing.

https://twitter.com/cz_binance/status/1881247250950832546

*This is not investment advice.

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