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Wed. Feb 5th, 2025

Bitcoin Price Today: Before Trump’s inauguration, Bitcoin made a new record, the price crossed $ 109,000.


New Delhi:
Today, on Monday, January 20, 2025, Bitcoin prices (Bitcoin Price Today) set a new record and crossed the historical level of $109,000. This surge occurred just before the inauguration of US President-elect Donald Trump, which reflects the enthusiasm of the cryptocurrency market ahead of the arrival of Trump 2.0.

At 1 pm IST, January 20, 2025, the price was $108,217.56 per coin, an increase of $4,661.28 (4.50%). As revealed by Bloomberg data. However, its highest price till date was $109,241, which was recorded earlier.

Meme coins of Donald Trump and Melania Trump also jumped

This growth was not limited to Bitcoin only. Donald Trump and his wife Melania Trump also launched their own cryptocurrencies or ‘meme coins’, named $TRUMP and $MELANIA. This move shows Trump and Melania’s support for the cryptocurrency market.

CoinMarketCap data shows that the $TRUMP cryptocurrency increased by 352.44%, and reached $0.005567, while $MELANIA increased by 69.32%, and was priced at $12.41.

This new record for Bitcoin before Trump’s inauguration and the crypto tokens he launched $TRUMP and $MELANIA show growing confidence in the cryptocurrency market

Ethereum rose by 3.54%

Along with this, other cryptocurrencies also saw good growth, in which Bitcoin’s biggest rival Ethereum registered a growth of 3.54% and its price reached $3,384.20. This increasing cryptocurrency popularity and Trump’s support makes it clear that the influence of digital currencies in the market is continuously increasing and the prices of these currencies may rise further in the coming days.

Crypto market likely to grow rapidly in Trump 2.0

Donald Trump had called himself “Crypto President” during the election campaign and now after assuming the presidency, the possibility of flexible rules in crypto policy is being expressed. Trump had promised to support the development of cryptocurrency in his election campaign. According to reports, he may sign an executive order to create an advisory council for cryptocurrencies in his next term, which may lead to a rapid growth of the crypto market.



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