Donald Trump’s second term: Bitcoin surges past $109K, what’s next for crypto industry? | Technology News

Crypto News

Hours before the highly anticipated inauguration of the 47th President of the United States Donald Trump, Bitcoin galloped to an all-time high. The flagship cryptocurrency, which was last lower by 2 per cent at $103,558.38, rose overnight to $109,350.72. The widely popular digital currency gained momentum last week in anticipation of the inauguration. 

Trump’s pro-crypto approach and policies are likely to further boost the market. In the run-up to his inauguration, crypto entrepreneurs and companies are reportedly relocating to the US after they left the country owing to years of regulatory uncertainty. If the Trump administration fulfills its promises, then the US would be poised to be the global hub of cryptocurrency innovation. 

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