The Official Trump cryptocurrency saw a 6.5% increase in value following Scott Bessent's confirmation as Treasury Secretary. Bessent, a crypto supporter, has backed Trump's tax cuts and will now guide the U.S. digital asset reserve project. This news boosted Official Trump, which has been highly volatile since its January 17 launch, with a 350% rise on launch but a 63% drop from its peak. The token is likely to continue experiencing significant price swings due to its connection to the Trump administration and broader market factors. However, it remains a highly speculative and risky investment.