Bitcoin’s Thrilling Surge: Soars To $109k, Crashes On Trump’s Inauguration!

January 20, 2025

You watched Bitcoin surge to a record high Monday, soaring beyond $109,000 before swinging lower in a volatile session on the day President Donald Trump was sworn into office. After topping out at $109,350.72 overnight, you noticed it slipped back to around $101,822.13 — a nearly 4% drop, based on Coin Metrics. You might recognize the move as a typical “buy the rumor, sell the news” scenario, especially if you were expecting pro-crypto announcements from Trump’s administration.

If you were in Hong Kong, you might have spotted a cartoon image at a Coinhero store, showing then-President-elect Trump holding cryptocurrency tokens against the backdrop of the White House. Perhaps you even shared in the speculation that Trump could issue an executive order on digital currencies, forming a crypto advisory council and potentially creating a national bitcoin stockpile.

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