Bitcoin's price dropped below $100,000 as markets reacted to the debut of Melania Trump's memecoin, MELANIA, which surged 24,000% and reportedly drew liquidity from the TRUMP token. The TRUMP token, linked to former President Donald Trump, saw a 30% decline to $49. The frenzied trading in these memecoins has raised concerns about a potential Bitcoin price correction. Meanwhile, some observers view the debut of the TRUMP token as a signal for wider crypto adoption.