Bitcoin Price – BTC Hits All-Time High of $109,333 During Asian Trading Hours
Bitcoin Price – Bitcoin (BTC) reached an all-time high of $109,333 during the Asian trading hours on Monday, January 20, 2025, ahead of the scheduled inauguration of Republican Donald Trump. The record surge came after Bitcoin had experienced a brief dip earlier in the day, falling from over $102,000 on Sunday to nearly $100,000 before climbing to its peak.
Impact of Melania Trump’s Memecoin on Bitcoin’s Price
The sharp decline earlier in the day was attributed to the launch of Melania Trump’s memecoin, which drew liquidity away from major assets like Bitcoin. The introduction of this new memecoin sparked interest and redirected funds from traditional cryptocurrencies, causing a temporary pullback in Bitcoin’s value. However, Bitcoin swiftly regained momentum and surged to its new record high.
Trump’s Support for Cryptocurrencies and Market Optimism
The rally in Bitcoin prices comes amid increasing investor optimism, fueled by Donald Trump’s vocal support for cryptocurrencies during his presidential campaign. Trump has repeatedly promised to make the U.S. the “crypto capital of the planet” and has discussed the creation of a “strategic national bitcoin reserve”—moves that have sparked excitement among crypto investors.
These promises have undoubtedly contributed to the bullish sentiment surrounding Bitcoin, with many market participants viewing Trump’s stance as a potential catalyst for further cryptocurrency growth in the United States.
Bitcoin’s Performance on Binance
At the height of its surge, Bitcoin touched $109,333 on Binance, the world’s largest cryptocurrency exchange by trading volume. This milestone reflects a continued upward trend for Bitcoin, which has gained significant attention from both retail and institutional investors in recent months.
As the crypto market continues to evolve under the influence of political developments and regulatory changes, Bitcoin’s new record level highlights the growing confidence in digital assets and their potential for long-term growth.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
Leave a comment