Bitcoin has reached a record high of $109,241 ahead of US President-elect Donald Trump’s second inauguration. The rally is attributed to the weekend launch of a Trump-branded digital token, known as a memecoin, which caused crypto markets to fluctuate. Despite its initial sharp decline, the original digital asset has since recovered and surpassed its previous record.
Source: https://www.bloomberg.com/news/articles/2025-01-20/bitcoin-rises-to-fresh-record-ahead-of-trump-inauguration-in-us-m64q8dma