Bitcoin has reached unprecedented heights, briefly surpassing $109,000 on January 20, just hours before Donald Trump’s inauguration as the 47th President of the United States. This marks a new all-time high (ATH) for the flagship cryptocurrency, eclipsing its previous record of $108,000 set in December 2024. According to CoinMarketCap data , Bitcoin’s price touched $109,036 at 6:55 a.m. UTC, only to retreat below $108,000 minutes later. As of now, Bitcoin is trading at $107,293, up 3% in the past 24 hours. The cryptocurrency boasts a market capitalization of $2.14 trillion, reflecting a remarkable 25% surge over the last seven days. Its 24-hour trading volume has also skyrocketed by 120%, reaching an impressive $108 billion. This historic milestone comes as the global financial markets closely monitor Trump’s upcoming inauguration at 4:00 p.m. UTC. The event has proven to be a powerful catalyst for Bitcoin, which first breached the $100,000 mark in December 2024 following Trump’s electoral victory. Bitcoin Breaks Records Market analysts point to growing optimism within the crypto community as a key driver of Bitcoin’s meteoric rise. Trump’s administration has consistently signaled a favorable stance toward cryptocurrencies, with campaign promises including crypto deregulation and a potential strategic Bitcoin reserve . These plans have injected fresh confidence into the market, fueling an extended bull run since his victory in November 2024. The President-elect’s crypto-friendly rhetoric has also revived hopes of greater adoption and innovation in the sector. Investors appear to be pricing in the possibility of relaxed regulatory frameworks, which could pave the way for enhanced institutional participation and new use cases for Bitcoin. Crypto Community Bets Big Trump’s anticipated policies have sparked debate among crypto enthusiasts and skeptics alike. While proponents celebrate the prospect of Bitcoin becoming a strategic asset for the U.S. economy, others warn of potential volatility stemming from policy overhauls. Nevertheless, Bitcoin’s record-breaking performance underscores its resilience and growing appeal as a hedge against economic uncertainty. With the cryptocurrency’s market cap now exceeding $2 trillion, it remains at the forefront of the digital asset revolution. As Trump prepares to assume office, all eyes are on the administration’s next moves and their potential to shape the future of Bitcoin and the broader crypto market. The post Bitcoin Hits $109K as Trump’s Inauguration Fuels Crypto Optimism appeared first on TheCoinrise.com .
