In the early hours of Monday, January 20, Bitcoin surged past the $109,000 mark, setting a new all-time high, as global attention remains focused on the return of Donald Trump to the U.S. presidency.
As of 2:18 PM (GMT +1), the cryptocurrency was trading at around the $106,800 level, a slight dip from the $109,000 price it hit around 7.50 AM (GMT +1). Bullish sentiment surrounding Bitcoin and cryptocurrencies has reached unprecedented levels, fueled by Donald Trump’s demonstrated support for the crypto community, highlighted by the launch of his own meme coin, $TRUMP, on Friday.
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As part of his pre-inauguration activities, Trump was a guest of honour at a crypto ball which was attended by some of the most influential personalities in the global crypto space. However, while the event was ongoing, the incoming US President announced in an X post, the launch of his meme coin. In less than 48 hours after the launch of the coin, it surged by about 900 percent, hitting $70.
At 2:00 PM (GMT +1), the memecoin was trading at around $47.00.
Riding the wave of the popularity of $TRUMP, Melania Trump, the incoming United States’ first lady also announced her own memecoin, MELANIA. However, since its launch on Saturday, the coin’s success has paled in comparison with $TRUMP, appreciating by a modest 6 percent to sell at $7.78 as at 5:00 PM (GMT +1).
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