Bitcoin hit a record high of $109,241 on Monday, driven by growing optimism as Donald Trump’s inauguration approaches. Trump, known for his support of cryptocurrencies, has expressed intentions to deregulate the industry, fueling further enthusiasm and contributing to Bitcoin’s rapid rise.
The cryptocurrency first crossed the $100,000 mark in December and has continued to gain traction ever since. Adding to the excitement, Trump has even introduced his own cryptocurrency, called $TRUMP coin, signaling strong support for the sector.
Although Bitcoin has faced criticism in the past for its volatility and association with illegal activities, its market influence remains strong as the possibility of deregulation approaches.
