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Record-Breaking Bitcoin: Surges Past $109,000 On Trump’s Presidential Inauguration Day
Bitcoin has made history once again as it surged past the $109,000 mark on the day of Donald Trump’s presidential inauguration. This remarkable growth comes amidst speculation that the former President may announce an executive order prioritizing cryptocurrency early in his second term.
The unprecedented move highlights President Trump’s embracement of crypto and his belief that Americans should have the freedom to operate in the emerging asset class, according to expert opinions. The endorsement of memecoins – often viewed as the most speculative segment of the cryptocurrency market – sends a powerful message of support for the industry.
As news of the potential executive order spread, Bitcoin began to show an upward trend, pushing its price beyond $109,000. Many analysts are now speculating that this optimism could be extended further, with some experts predicting a target price of $130,000.
Source: bitcoinist.com
