On January 20, 2025, Bitcoin surged past $109,000, breaking its previous all-time high of $108,000 set in mid-December 2024. The cryptocurrency peaked at $109,036 at 06:55 am UTC, before briefly dropping below $108,000. At the time of the report, Bitcoin was trading at $108,342, reflecting a 3% increase in the past 24 hours, according to CoinGecko. This surge in Bitcoin's price coincides with the upcoming inauguration of Donald Trump as the 47th President of the United States, scheduled for 4:00 pm UTC. Trump's election has been viewed positively in the crypto community, leading to a significant rally in cryptocurrency values, with Bitcoin outperforming expectations as it reached unprecedented levels. The optimism among crypto investors is linked to Trump's proposed plans for the cryptocurrency sector, stimulating speculation around the potential for future gains in the market.

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