"Trump lending his name to the coin, in many people's eyes, gave it credibility," a finance professor told Newsweek.

President Donald Trump’s top financial hack has defended his $1 billion crypto windfall. Trump, 80, revealed earlier this week that he earned over $1 billion from his family’s crypto side hustles last year,

Bitcoin (BTC USD) price analysis: Bitcoin surged past $62,000, reaching its highest point since late June, driven by significant accumulation from large holders. This occurred despite record outflows from US spot Bitcoin ETFs.

Roughly two-thirds of investors in the president’s memecoin are currently in the red.

Trump disclosure reveals over $580M in crypto income, with Melania Trump earning millions from a film deal and NFTs.

President Trump and his family reaped vast financial rewards from a memecoin that generated losses for hundreds of thousands of investors.

The president also brought in vast sums from licensing and legal settlements, according to his latest financial disclosure report.

President Donald Trump has raked in a massive $1 billion from his family's crypto ventures, all while the broader digital asset market suffers a devastating 50 percent crash.