Bitcoin has reached a record high of $109,118. The world’s largest cryptocurrency surged 3% in minutes. Traders expect new crypto-friendly policies from President-elect Trump. These changes could make the U.S. a global leader in cryptocurrency.
Trump’s inauguration has fueled Bitcoin’s rally. His promise to ease crypto regulations excites investors. He plans to make the U.S. the “crypto capital” of the world. However, uncertainty remains about key policies. Some ambitious plans, like a Bitcoin Reserve, need Congress approval.
Over the weekend, Trump launched a memecoin, $TRUMP. The token surged over 7000% but later faced profit-taking. Its initial market cap hit 14 billion dollars. Traders are divided over the ethics of political figures creating cryptocurrencies.
While Bitcoin soared, altcoins had mixed reactions. Ether rose 3.5%, while XRP stayed flat. Dogecoin dropped 4.7%, reflecting memecoin market volatility. Despite this, Bitcoin continues to dominate investor sentiment.
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Bitcoin price hits $109k ahead of Trump inauguration. Traders anticipate crypto-friendly policies under Trump’s leadership.
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