Bitcoin soared to an unprecedented $109,000 in the early hours of Monday, January 20, as global attention centers on Donald Trump’s imminent return to the U.S. presidency. The cryptocurrency’s historic milestone occurred around 7:50 AM (GMT +1), before retreating slightly to $106,800 by 2:18 PM (GMT +1).
The surge reflects growing bullish sentiment in the crypto market, driven by Trump’s vocal support for the industry. This enthusiasm was further amplified by the launch of Trump’s own meme coin, $TRUMP, on Friday. The coin saw an extraordinary 900% rise within 48 hours, reaching a peak of $70 before stabilizing at $47 by 2:00 PM (GMT +1).
As part of his pre-inauguration activities, Trump attended a high-profile crypto ball, where he was the guest of honor alongside major figures from the global cryptocurrency space. During the event, Trump announced the launch of $TRUMP in a post on X, further cementing his influence on the crypto market.
With Bitcoin’s meteoric rise and Trump’s active engagement in the crypto sphere, the intersection of politics and digital assets is poised to play a significant role in shaping the industry’s future.
