Brief by Shorts91 Newsdesk / 09:04am on 20 Jan 2025,Monday Business
Bitcoin reached a record high of $109,241 on January 20, 2025, ahead of Donald Trump’s inauguration, before dropping back to $107,765. The surge follows optimism surrounding Trump’s stance on cryptocurrency deregulation. Since Trump’s victory in November 2024, Bitcoin has seen a significant rise, surpassing $100,000 for the first time in December. Trump, once critical of cryptocurrencies, has since advocated for them, appointing a cryptocurrency supporter to head the US securities regulator. Over the weekend, Trump launched his own cryptocurrency, $TRUMP, driving further interest in the market.
