The price of Bitcoin exceeded $109,000, updating its all-time high, according to data from Coindesk. This happened on the eve of the inauguration of the president-elect of the United States, Donald Trump, which will take place on January 20.
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At the time of this publication (10:40 Moscow time), the price of Bitcoin was trading at $108.6 thousand, having increased its price in the last day by 3.34%. The capitalization of Bitcoin was 2.07 trillion dollars.
The price of the currency increased on the eve of the inauguration of Trump, who has repeatedly expressed his support for the development of the crypto market. The politician, in particular, plans to issue a decree in which cryptocurrencies will be recognized as a “national priority” of the United States, sources told Bloomberg.
In the topic: How to manage finances
The president-elect’s team also plans to create a state advisory council on cryptocurrencies and send a directive to authorities to suspend any litigation related to cryptocurrencies, agency interlocutors said.
The price of Bitcoin could also be affected by the release of the TRUMP and MELANIA memecoins, which belong to the future president of the United States and his wife Melania Trump. At 10:18 Moscow time, these tokens cost $58 and $11.74, respectively.
The last time Bitcoin set a record price was on December 17. Then, the value of the asset exceeded 108 thousand dollars. Shortly before, Trump promised that his administration would “do something great with cryptocurrencies” so that the United States would not fall behind China and other major players in this sector.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
