Bitcoin Hits Record $109,000 On Trump’s Inauguration
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Bitcoin reached an all-time high of $109,000 during President Donald Trump’s inauguration day before experiencing a sharp pullback to $101,822 in a highly volatile trading session.
The initial surge was fuelled by growing speculation that Trump’s administration may take a pro-crypto stance, with rumours circulating about the possible formation of a crypto advisory council to help shape regulations in favour of digital assets.
Investor sentiment was further heightened by the launch of Trump-themed meme coins, which added a speculative frenzy to the already dynamic crypto market.
As excitement built around potential deregulation and industry-friendly policies, traders aggressively pushed Bitcoin to new highs.
However, as the inauguration day rally faded, profit-taking and market corrections brought the price back down.
Despite the pullback, Bitcoin’s record-breaking run highlights the market’s optimism about the future of crypto under Trump’s leadership.
Analysts believe that if the new administration follows through with favourable regulatory changes—such as clarifying tax policies, supporting US-based crypto businesses, and reducing SEC enforcement actions—Bitcoin and other cryptocurrencies could see further upside in the months ahead.
Data: eToro, MarketScreener
