Bitcoin Hits Record High Ahead of Trump Inauguration
Key Takeaways
- Bitcoin rose to a new all-time high of more than $109,000 ahead of the inauguration of U.S. President-elect Donald Trump on Monday.
- The price rise comes as the TRUMP meme coin was launched Friday evening and experienced a wild weekend of trading action. Incoming first lady Melania Trump launched her own meme coin on Sunday.
- Spot bitcoin ETF inflows neared $1 billion on Friday, as crypto investor optimism about the incoming Trump administration has been building.
Bitcoin hit a new all-time high above $109,000 ahead of the inauguration of Donald Trump on Monday, as investor optimism grows that the incoming president will adopt policies that benefit the crypto market.
The bitcoin price surge came as the president-elect and…
