Bitcoin reached a historic $109,000 as Donald Trump’s return to the U.S. presidency sparks optimism in the crypto market. The surge is fueled by Trump’s pro-crypto stance and the launch of his meme coin, $TRUMP, which gained 900% in two days, underscoring the growing influence of politics on digital assets.
Bitcoin has reached a new all-time high, surging past $109,000 in early trading on Monday, January 20, 2025. The cryptocurrency's meteoric rise is attributed to renewed optimism in the crypto market, driven by the anticipation of Donald Trump’s return to the U.S. presidency.
By 7:50 AM (GMT +1), Bitcoin peaked at $109,000 before slightly retreating to $106,800 by 2:18 PM (GMT +1). Analysts believe Trump’s vocal support for cryptocurrencies, including the recent launch of his meme coin, $TRUMP, has significantly bolstered market confidence.
During a pre-inauguration crypto gala attended by global blockchain leaders, Trump announced the launch of $TRUMP, which skyrocketed by 900% within its first 48 hours, reaching $70 at its peak. As of Monday afternoon, the coin was trading at $47, maintaining strong interest among investors.
This surge in Bitcoin’s value underscores growing enthusiasm for cryptocurrency under Trump’s administration, which has embraced digital assets as a key financial innovation. However, critics caution that the volatility of such markets poses risks for unseasoned investors.
The latest rally highlights the intersection of politics and cryptocurrency, with Trump’s pro-crypto policies igniting discussions about the future of digital assets in mainstream finance.
Trump's presidency appears set to redefine the role of cryptocurrency in global finance, fueling both excitement and debate among enthusiasts and skeptics alike.
