Bitcoin surges near $110K as Elon Musk declares support through his America Party, intensifying crypto market momentum and spotlighting digital assets.

A meme coin called America Party (AP) has launched today on the Solana blockchain, and the new offering has seen an overwhelming gain of over 537% within the first 24 hours, according to data from CoinMarketCap.

Elon Musk has announced he’s starting his own political party called the “America Party," while dropping hints he’s still backing

Elon Musk wants to build a new political party to challenge America's two-party system. But it won't be easy, even for the world's richest man.

Breaking the two-party system's grip on U.S. federal elections would take tremendous resources and a long-term commitment, political experts say. Similar attempts have failed, underscoring how difficult it is to gain a foothold in a country where elections are organized on a state-by-state level.