On January 20, 2025, Bitcoin (BTC) reached a new all-time high, briefly surpassing $109,000 ahead of President Donald Trump’s inauguration. The cryptocurrency’s price surged by more than 6% within minutes, peaking at $109,036 at 6:55 am UTC before retracting below $108,000.
This record-breaking performance coincided with Trump’s inauguration as the 47th President of the United States. The crypto community has expressed optimism regarding the incoming administration’s pro-cryptocurrency stance, including potential initiatives like establishing a strategic Bitcoin reserve.
The surge in Bitcoin’s price reflects growing investor confidence in the cryptocurrency market, influenced by favorable political developments. The market capitalization of Bitcoin has now exceeded $2.15 trillion, positioning it alongside traditional assets such as gold and major corporations like Apple and Amazon.
As the cryptocurrency market continues to evolve, Bitcoin’s performance remains a focal point for investors and policymakers alike. The inauguration of President Trump is anticipated to have a lasting impact on the regulatory landscape and the broader adoption of digital assets.
