{"id":35177,"date":"2025-01-20T13:52:56","date_gmt":"2025-01-20T10:52:56","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35177"},"modified":"2025-01-20T13:52:56","modified_gmt":"2025-01-20T10:52:56","slug":"bitcoin-hits-new-all-time-high-ahead-of-trumps-inauguration","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-hits-new-all-time-high-ahead-of-trumps-inauguration\/","title":{"rendered":"Bitcoin Hits New All-Time High Ahead of Trump\u2019s Inauguration"},"content":{"rendered":"<p>Bitcoin (<strong>BTC<\/strong>) briefly surged above <strong>$109,000<\/strong> on January 20, breaking its previous all-time high of <strong>$108,000<\/strong>, recorded on December 17, 2024. According to TradingView data, BTC reached <strong>$109,036<\/strong> at <strong>6:55 am UTC<\/strong> before quickly dropping back below <strong>$108,000<\/strong>. At the time of writing, Bitcoin was trading at <strong>$108,342<\/strong>, up approximately 3% in the past 24 hours.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-hits-new-all-time-high-ahead-of-trumps-inauguration\/#Trumps_Presidency_and_Impact_on_Crypto_Markets\" title=\"Trump\u2019s Presidency and Impact on Crypto Markets\">Trump\u2019s Presidency and Impact on Crypto Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-hits-new-all-time-high-ahead-of-trumps-inauguration\/#Strategic_Bitcoin_Reserve_Speculation\" title=\"Strategic Bitcoin Reserve Speculation\">Strategic Bitcoin Reserve Speculation<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Presidency_and_Impact_on_Crypto_Markets\"><\/span>Trump\u2019s Presidency and Impact on Crypto Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This new Bitcoin high came just hours before Donald Trump was to be sworn in as the <strong>47th president of the United States<\/strong> at <strong>4:00 pm UTC<\/strong>. Trump\u2019s victory on <strong>November 6<\/strong> triggered a massive crypto rally, pushing Bitcoin above <strong>$100,000<\/strong> for the first time in early December 2024.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-145931 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-20_12-56-05_c7fee.png\" alt=\"\" width=\"1824\" height=\"838\" \/><\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-shared-that-memecoin-flew-up-500\/\">Elon Musk Shared, That Memecoin Flew: Up 500%!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>Optimism surrounding Trump\u2019s presidency in the crypto community largely stems from his <strong>crypto-friendly plans<\/strong>, which include a <strong>strategic Bitcoin reserve for the U.S.<\/strong> and <strong>anticipated crypto deregulation<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strategic_Bitcoin_Reserve_Speculation\"><\/span>Strategic Bitcoin Reserve Speculation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin&#8217;s latest all-time high coincided with increased speculation that Trump would establish a <strong>strategic Bitcoin reserve<\/strong> within the first 100 days of his presidency. Data from crypto prediction platform Polymarket showed that the odds of this happening surged to <strong>69%<\/strong> just minutes before BTC\u2019s price spike.Trump began selling his newly launched <strong>Official Trump (TRUMP)<\/strong> memecoin on <strong>January 18<\/strong>. Released on <strong>January 17<\/strong>, the TRUMP token saw record-breaking growth, potentially multiplying Trump\u2019s net worth by <strong>five times<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-01\/019482e1-9687-7dd5-b701-4da89ee029f9\" alt=\"bitcoin\" width=\"838\" height=\"474\" \/><\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) briefly surged above $109,000 on January 20, breaking its previous all-time high of $108,000, recorded on December 17, 2024. According to TradingView data, BTC reached $109,036 at 6:55 am UTC before quickly dropping back below $108,000. At the time of writing, Bitcoin was trading at $108,342, up approximately 3% in the past 24<\/p>\n","protected":false},"author":28,"featured_media":31680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[61,552,60,11135,58,1730,3014,11133,11134,9059],"class_list":["post-35177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-crypto-reserve","tag-cryptocurrency","tag-donald-trump","tag-polymarket","tag-trump-memecoin","tag-trump-presidency","tag-trump-token"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Hits New All-Time High Ahead of Trump\u2019s Inauguration - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-hits-new-all-time-high-ahead-of-trumps-inauguration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Hits New All-Time High Ahead of Trump\u2019s Inauguration - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) briefly surged above $109,000 on January 20, breaking its previous all-time high of $108,000, recorded on December 17, 2024. 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