From Investing.com
January 20, 2025 12:36:04 am:

Bitcoin surged to a record high of $109,118 as traders anticipated friendlier crypto regulations under President-elect Donald Trump. Trump is set to take office, promising crypto-friendly policies to make America the “crypto capital.” However, uncertainty over his policies dampened risk appetite in the broader economy.

The launch of Trump’s memecoin, $TRUMP, saw it rally over 7000% before heavy profit-taking led to sharp declines. Trump also faced criticism for launching a memecoin for Melania Trump, $MELANIA, raising ethical concerns. The launch significantly boosted Trump’s personal wealth on paper.

Altcoins had a mixed response as Bitcoin soared. Ethereum rose 3.5% to $3,390.65, while Ripple remained flat. Other cryptocurrencies like Litecoin and Bitcoin Cash stabilized after earlier losses, but meme token Dogecoin dropped by 4.7%.

Read more at Investing.com: rallies to record high over $109k before Trump inauguration By Investing.com