On January 20, Bitcoin surged to a new all-time high (ATH) of $109,036, surpassing its previous peak of $108,000 from December 2024. This price increase coincides with the impending inauguration of Donald Trump as President of the United States, which is seen as a catalyst for bullish activity in the cryptocurrency market. At the time of the report, Bitcoin was trading at approximately $108,342, reflecting a 3% increase in the last 24 hours. The positive sentiment surrounding Trump’s presidency is fueled by expectations of his ambitious plans for the crypto sector. His electoral victory in November has already sparked significant gains in cryptocurrency prices, leading to increased optimism within the crypto community.
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