Bitcoin surpasses $109,000 ahead of Trump’s inauguration

Bitcoin jumped to $109,000 on Monday ahead of US President Donald Trump’s inauguration later today, after rising 80% since the US election in November, hitting an all-time high in December.

Meanwhile, Bitcoin is trading at $108.16, with a market value of about $2.14 trillion, having previously hit $109.114.

Cryptocurrency investors remain optimistic, awaiting executive orders from Trump aimed at reducing regulatory barriers and promoting the spread of digital assets.

Trump, who touted his support for cryptocurrencies during his election campaign with promises to be the “Cryptocurrency President,” is expected to sign an executive order to establish a cryptocurrency advisory council, a proposal he first raised in July, according to two sources who requested anonymity due to private discussions.

Financial markets around the world are awaiting the inauguration of President Donald Trump as President of the United States of America, later today, Monday, as investors are expected to focus on his inauguration speech in the hope of obtaining indications about his policies. Donald Trump’s inauguration ceremony as President of the United States is held in the capital, Washington, where more than 250,000 people are expected to attend the inauguration ceremony despite the cold weather.