Bitcoin hits new all-time high above $109K ahead of Trump’s inauguration
Summary
Bitcoin surged to a new all-time high of $109,036 on January 20, 2025, amid anticipation of Donald Trump's second term as U.S. President. The price briefly exceeded $109,000 before dropping below $108,000. Currently, Bitcoin is trading at $108,342, marking a 3% increase over the past 24 hours. Trump's inauguration and his crypto-related plans, including a potential Bitcoin reserve and deregulation, have fueled optimism and a significant rally in the cryptocurrency market. This development follows Bitcoin's historic rise above $100,000 in December 2024.
