Trump attributed the soaring US stock market and the recent historic high of BTC to himself.

PANews January 20th news, according to The Block, US President-elect Donald Trump attributed the soaring stock market and the recent historical highs of BTC to himself in his last speech before taking office. Donald Trump said at the rally, ‘You have seen unexpected results. Since the election, the stock market has soared, and the optimism of small businesses has risen by 41 points, reaching the highest level in 39 years. BTC has repeatedly broken historical highs. This is the Trump effect.’ Over the past year, the US stock market has continued to rise, reaching a peak in early December shortly after the election. The S&P 500 reached a peak valuation of 6,090 points on December 11, while the Nasdaq index reached a high of 20,204 points on December 16. As for Bitcoin (BTC), it also reached its peak in early December, hitting a historic high of $107,000 on December 17. In the following weeks, it fell to $90,000 and then rebounded to over $100,000. However, in the past few hours - with the launch of MELANIA - the BTC price has fallen below $10,000. His speech was delivered hours after his wife Melania Trump launched her own Meme coin, MELANIA, which reached a fully diluted valuation of $5 billion (as only 10% of the supply is currently in circulation, making its market cap around $500 million). However, this came at a cost, attracting the attention and funding of Donald Trump’s own Meme coin, Official Trump, which saw its value almost halved. Official Trump was launched on January 17th, reaching a market cap of $14.5 billion at one point—fully diluted valuation of $72 billion—before plummeting to its current market cap of $8.8 billion. Trump did not mention his Meme coin or Melania’s Meme coin in his speech, nor did he mention the resulting drop in the price of BTC.