Bitcoin spiked to a new all-time high early Monday but pulled back following the inauguration of President Donald Trump.

Key Takeaways Bitcoin surged to a record high above $109,000 ahead of Donald Trump's inauguration Monday but pared its gains as the new U.S. president made no mention of cryptocurrency during his inaugural address or other appearances after taking office.

Bitcoin just hit a new all-time high of $108K on Monday as the U.S. awaits the inauguration of pro-crypto President-elect Donald Trump today. The price of Ethereum also surged following news of World Liberty Financial recent purchases of 14,

But as his presidency approached, he also offered more specific support to the cryptocurrency market. After the launch of his own $TRUMP coin, his wife launched her own $MELANIA competitor – the combination of which led to volatility in the cryptocurrency market.

The price of Bitcoin ( BTC 3.64%) soared 119% in 2024, and the bulls have been out in full force lately, making predictions about where the cryptocurrency is headed this year. Most recently, the head of research at Fundstrat, Tom Lee, said the price of one Bitcoin could reach as high as $250,000 by the end of 2025.

The fall comes after the cryptocurrency experienced a meteoric rise, fueled in part by the reelection of Donald Trump.

Donald Trump assumes office with plans to make the U.S. the bitcoin mining capital, causing concerns over centralization, institutional control, and bitcoin's future.

Donald Trump has been sworn in as the 47th President of the US. Experts see Bitcoin pushing further up in the first 100 days of Trump 2.0.

The bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses could bring a cryptocurrency policy blitz in 2025. Together, they could push states to become more crypto-friendly and more public pension funds and treasuries to buy cryptocurrency.

In September, it acquired a 47.7% stake in Moonshine Technology, the parent company of online poker platform PokerBaazi, for Rs 832 crore in a secondary transaction. Other notable acquisitions include Comic Con India, marketing firm Publishme, Singapore-based events company Branded, and Turkish esports firm Ninja Global.

The world’s largest cryptocurrency surged in value again after surpassing $100,000 for the first time last month - shortly after 'crypto President' Donald Trump won the election