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Bitcoin’s price has soared to a staggering $109,500 this Monday morning. The market is buzzing with optimism as investors anticipate pro-cryptocurrency policies from President-elect Donald Trump’s incoming administration. The inauguration of Donald Trump as the 47th President of the United States is scheduled for today at 12 p.m. EST. Adding to the excitement, Bitcoin’s market cap has now reached $2.1 trillion, marking a significant 3.10% increase in just 24 hours.
Market observers attribute the surge to investor confidence that Trump’s administration will support and foster cryptocurrency growth. The record-breaking rally demonstrates a robust market enthusiasm as the financial community eagerly awaits policy details from the new administration which could further boost the cryptocurrency sector.
