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Bitcoin Hits New ATH Driven by TRUMP Mania
Bitcoin hits record high of $109,241 as US prepares for crypto-friendly President-elect Donald Trump's inauguration The cryptocurrency surged 5.5% amid excitement over Trump's meme coins, although the market later fell.
Bitcoin, the world’s largest cryptocurrency, hit an all-time high of $109,241 on January 20, as Donald Trump prepared to officially take over the White House.
Ahead of the crypto-friendly president’s inauguration and the launch of the $TRUMP and $MELANIA meme coins issued by Trump and his wife, Melania Trump, Bitcoin surged 5.5% to set a new record, according to a report from Bloomberg.
The surge came after Trump and Melania introduced the meme coins over the weekend, with $TRUMP briefly reaching a market capitalization of more than $15 billion before falling sharply.