Bitcoin reached a new all-time high of $109,114 on January 20, 2025, shortly before Donald Trump's second inauguration. The crypto's surge reflects growing optimism about Trump's crypto-friendly policies.
Bitcoin briefly touched $109,114 before settling at $107,000, a 3% increase in the previous 24 hours. Bitcoin surpassed $100,000 in December 2024, following Trump's election win. Trump's projected market-boosting initiatives include a potential strategic Bitcoin reserve and looser crypto laws. He may also issue executive directives on crypto debanking and updated bank accounting regulations.
Investors expect the US to become a hotspot for crypto innovation during Trump's presidency. This perspective has propelled Bitcoin's upward trend, emphasizing its growing relevance in global banking.
The market's confidence is due to Trump's pro-crypto position and growing interest in decentralized finance. As Trump assumes office, all eyes are on how his policies will impact the future of digital assets.
Bitcoin's new record demonstrates the market's confidence in Trump's leadership and the possibility of a crypto-friendly regulatory climate. The crypto community eagerly awaits the outcome of Trump's second term and its implications for the business.
