Trump Coin at $5B Market Cap

U.S. stock markets are mixed this morning, but the real hype? It’s in crypto. $TRUMP Coin, launched just days ago, hit a $5 billion market cap within 48 hours.. wow!

Meanwhile, Trump’s new tariffs are already shaking up currencies like the peso and Canadian dollar, and earnings season is in full swing, with big names like Netflix and Schwab reporting today.

Let’s break it all down.

Markets This Morning

Here’s where the major indices stand right now:

  • Russell 2000: +0.90%
  • Dow Jones: +0.60%
  • S&P 500: +0.37%
  • Nasdaq 100: +0.01%

Markets are holding steady for now, but Trump’s 25% tariffs on Canadian and Mexican goods (starting February 1) could stir things up soon.

Currencies are already reacting:

  • The Mexican peso is down 0.8%
  • The Canadian dollar just hit a five-year low at $0.689

$TRUMP Coin Mania

Over the weekend, Trump-backed crypto made headlines:

  • Market cap: Surged to $5 billion in 48 hours.
  • Trading volume: Over $18.5 billion within a single day.
  • Price movement:
    • Launched under $10.
    • Hit ~$70 in two days, peaking at $75.08 before pulling back.

Here’s the kicker: Trump’s holdings in $TRUMP Coin are worth today around $7.7 billion, making it his biggest single asset. To put that in perspective, his DJT stock is valued at $4.6 billion, and the rest of his assets add up to $2.6 billion.

Earnings to Watch Today

This week is a big one for stocks, with some heavy hitters reporting earnings. Here are the ones to watch:

  • Netflix (NFLX): Subscriber growth and $10.1B revenue expected.
  • Charles Schwab (SCHW): Focused on retail investing trends.
  • 3M (MMM): Eyes on manufacturing health.
  • D.R. Horton (DHI): Housing demand drives $7.1B forecast.
The link has been copied!