Unraveling the Mystery: What Just Triggered Bitcoin’s Astonishing Surge Past $109K?

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Bitcoin’s value has experienced a record surge, climbing to over $109,000 on January 20, ahead of Donald Trump’s inauguration as the President of the United States. This marks a new all-time high, surpassing the previous peak of $108,000 achieved in December 2024. According to TradingView data, Bitcoin briefly hit $109,036 at 06:55 am UTC before retreating below $108,000 within minutes. Currently, Bitcoin is trading at roughly $108,342, reflecting a 3% increase over the past 24 hours as per CoinGecko data.

The soaring price coincides with the anticipation of Donald Trump taking the presidential oath as the 47th President of the United States at 4:00 pm UTC. Trump’s inauguration has been seen as a significant driver of the bullish momentum in cryptocurrency markets. His November election victory previously propelled Bitcoin above the $100,000 mark for the first time in early December 2024.


The cryptocurrency community’s optimism surrounding Trump’s presidency is primarily fueled by his proposed cryptocurrency policies, including the potential establishment of a strategic Bitcoin reserve and anticipated crypto deregulation plans. The situation remains dynamic, and further updates will be provided as new information emerges.