Trump Inauguration Sparks Bitcoin’s Epic Surge!

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The wild ride on the cryptocurrency market’s rollercoaster persists with Bitcoin surging approximately $10,000 in a short span of time, reaching an unprecedented peak of nearly $110,000 – another record-breaking high.

This occurs mere hours prior to President-elect Donald Trump’s inauguration and resumption of his term in office.

Over the last few days, the cryptocurrency world has been quite an exhilarating journey. The adventure began on a Friday, when the incoming U.S. president introduced his very own meme token, causing a stir throughout the entire market.

Over the last day, the dispute persisted further with his wife introducing a meme token of her own, causing quite a stir. Meanwhile, Bitcoin (BTC) and many other altcoins experienced a significant drop in value, with BTC dipping below $100,000 at one stage.

The argument went on for another day when his wife launched her own meme coin. This led to a major decline in the value of Bitcoin and most other altcoins, including a dip below $100,000 for Bitcoin itself.

Despite an initial dip, the bulls have regained control, leading to a substantial rise in the subsequent hours. Not only did Bitcoin recover all previous losses, but it has now surged even more aggressively, reaching $109,420 on Bitstamp, surpassing its December high and setting a new record.

The current market value of Bitcoin exceeds a staggering $2.1 trillion, which positions it as the seventh most valuable asset when measured by this metric. Following closely behind are Amazon at $2.375 trillion and Alphabet with a value of $2.4 trillion.

The increased turbulence and fresh highs occur mere hours before Trump’s swearing-in ceremony, set for later today. With his history and pledges to the sector, further instability may arise as the day unfolds.

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2025-01-20 10:12