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With Donald Trump’s Inauguration in the US Presidential Office, Bitcoin Hit an All-Time High of $109k
January 20, 2025, marked a historic moment as Donald Trump took his oath as the 47th President of the United States for his second non-consecutive term. This development had an immediate impact on the cryptocurrency market, with Bitcoin (BTC) skyrocketing to a new all-time high of $109k.
As the inauguration ceremony got underway at the Capitol Rotunda due to freezing temperatures, the Bitcoin community was filled with a mix of emotions and excitement. The event witnessed a significant inflow of capital, causing the digital currency’s price to surge from the $99.5k level to its current record-breaking high of $107,895.
Notably, Ethereum (ETH) also saw a notable surge, with its price rising by 7% within a span of 24 hours. The current value of ETH stands at $3,373.
The unprecedented price action has sparked debate among crypto enthusiasts and experts alike. Some have expressed concerns that the popularity of meme tokens launched by Trump’s wife may indicate an end to the long-awaited bull run for top flagship cryptocurrencies like Bitcoin and Ethereum. However, others believe this sudden surge is a reflection of the underlying strength and growth potential of the cryptocurrency market.
Meanwhile, renowned financial expert Robert Kiyosaki has cautioned investors against blindly investing in these meme tokens, emphasizing that real assets such as Gold, Silver, and Bitcoin are still the best investment options.
As the world continues to watch the developments surrounding Trump’s presidency and its implications for the global economy, it is essential for crypto enthusiasts and investors to remain vigilant and informed about market trends.
Source: bitcoinik.com
