Hello Readers,
I hope all of you are doing well and enjoying the wild crypto season while Keeping an eye on the market. Now, if you are a crypto enthusiast, you may have marked today’s date, as Donald Trump has officially become the President of the US today on January 20, 2025. So the date will be printed not only in history books, but it will be the start of a new era for this entire world. If you have noticed, Bitcoin, the world’s first and strongest cryptocurrency has reached an all-time high of $109,036 today as before stabilizing slightly below $108,000 and according to many crypto analysts, this is the effect of Trump’s inauguration as the 47th President of US and not to mention, this milestone not only glorifies another victory for Bitcoin and Cryptocurrency enthusiasts across the world but also marks a turning point in the global landscape for Crypto.
Bitcoin’s Rocket Rise
Today as we witnessed, Bitcoin’s price has jumped by over 6% just within minutes, showcasing one more time the crypto market’s volatility. This positive and strong surge has been brewing for weeks now, following Bitcoin’s new All-time high $108,000 mark in late 2024. But many of you may be wondering what is the actual reason behind this unprecedented growth.
One clear key factor is the buzz surrounding Donald Trump’s second-term inauguration as President of the United States. Trump is well known for their support of Bitcoin and Crypto and he even has a big crypto portfolio himself, which has amplified people’s interest in the cryptocurrency market even further. Rumors are also swirling that Trump may reference Bitcoin during his inauguration speech, possibly hinting towards a plan for a national Bitcoin reserve, which if happens will be a groundbreaking move in the crypto world and may further boost this pump season.
Anyways, beyond international politics, Bitcoin’s rise is also driven by global economic and institutional factors, like El Salvador’s acceptance of Bitcoin as a legal tender or Millions of Dollars of Crypto donations to Ukraine amid the ongoing war, etc. With increasing distrust in traditional currencies on a global scale, combined with growing interest from major financial institutions and companies like Microstrategy or Blackrock, all these past incidents have concreted Bitcoin’s status as more than just a “digital asset” over time. In today’s world, it is seen as a reflection of global economic and political trends.
The Trump Effect
Trump’s relationship with Bitcoin has truly been transformative. Since his November 2024 victory in the US Elections, he has shown a green flag for innovation and deregulation, drawing more attention to the crypto sector. On the other hand, his proposed Bitcoin reserve for the U.S. treasury has sparked intense speculation among crypto investors, with some viewing it as a signal that the U.S. could lead the decentralized finance revolution in the future.
Adding even more to the excitement, Trump has launched its own meme coin just recently, which is named TRUMP. While since the launch, its performance has been mixed, it surely has become the new talk of the town and also attracted a wave of new investors, further boosting crypto enthusiasm. Pro-crypto lawmakers like Senator Cynthia Lummis have also played an important role in this wave. Her proposed BITCOIN Act aims to add a whopping 1 million Bitcoin to the U.S. Treasury’s reserves, and if it becomes a reality, this bold move will potentially make the U.S. a dominant force in the crypto ecosystem.
Bitcoin’s Symbolic $109,000 Milestone
As Bitcoin has successfully crossed the $109,000 threshold price mark, it has added one more validation point regarding Bitcoin and Crypto. This price impact has pumped Bitcoin’s transition from a speculative asset to a legitimate financial instrument with global impact. As I checked today, the crypto market is now sitting on a total valuation of whooping $3.7 trillion, which no doubt reflects its growing influence. Being the first mover always, while Bitcoin leads the road, other cryptocurrencies are also thriving on this occasion. Meme Tokens like MELANIA (recently launched meme coin on Trump’s wife Melania) and Fartcoin saw amazing gains of 68% and 35% respectively, following Trump’s announcements and are highlighting the ripple effects of this crypto bull season even more.
Last but not least, Bitcoin’s latest record of breaking the $109k price mark symbolizes more than just a price surge, it is actually a sign of changing attitudes toward decentralized finance on a global scale with the US leading the way. We are already seeing Governments and institutions taking Bitcoin and Crypto more seriously, and the idea of crypto as a mainstream asset is no longer far-fetched from where we stand now. As the whole crypto community is eagerly awaiting Trump’s inauguration speech, I think it is pretty clear at this point that Bitcoin’s journey to $109,000 is only the beginning and the next journey for Bitcoin to reach 1 million has already started. So, whether you are a veteran investor or just entered this wild world and starting to learn about crypto, take a moment to witness this revolutionary shift in the crypto world and be prepared for what’s coming next!
Information Source:
I hope you liked reading my post regarding Trump’s inauguration as the 47th President of the US election and Bitcoin’s price jump amid the news. Let me know your thoughts and opinions in the comment section below and I will be seeing you all in my next post.
Posted Using INLEO
in my opinion, during this period and in the next two weeks, the sales should start, it seems that those who were supposed to buy have already bought. But Bitcoin could also make buyers do crazy things. I'm really curious about what happens in these first two weeks of TRUMP's presidency