Bitcoin reached new heights, hitting an all-time high of $109,114.88 just hours before Donald Trump’s inauguration as the 47th President of the United States.

However, the rally was not sustained. It briefly dipped to just below $100,000 before recovering to above $103,000. The rally is being driven by growing hopes in the Bitcoin community that Trump will be pro-Bitcoin and will create a good environment for digital assets.

This anticipation has been building since his election in November 2024 when bitcoin broke $100,000 for the first time in early December.

Bitcoin hit $109,036 on January 20 beating the previous record of $108,000 from December. As of now, bitcoin is…

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Utah has taken a bold step into the world of cryptocurrency with the introduction of a new bill by State Representative Jordan D. Teuscher. The Blockchain and Digital Innovation Amendments aim to grant the state treasurer the authority to invest public funds in digital assets including Bitcoin. This move positions Utah at the forefront of digital asset integration within state financial strategies.

The legislation outlines specific provisions to guide the investment process. It includes defining terms authorizing investments establishing requirements for asset management and creating regulatory frameworks for stablecoin investments. These measures ensure the state’s investments are secure and effectively managed reflecting a thoughtful approach to embracing technological advances.

The bill also paves the way for Utah to engage in staking and lending digital assets under certain conditions. By leveraging these opportunities Utah aims to generate additional revenue and establish itself as a leader in the digital finance space. This strategic approach may influence other states to consider similar measures as digital assets become increasingly mainstream.

Market analysts are buzzing as Rumble becomes the latest tech giant to adopt a Bitcoin treasury strategy with its initial purchase last Friday January 17. CEO Chris Pavlovski reveals this move follows a $20 million blueprint inspired by interactions with MicroStrategy’s Michael Saylor a known advocate for corporate cryptocurrency integration. Rumble’s bold step into Bitcoin aligns with its vision to optimize asset management against fluctuating market conditions.

Rumble’s strategic cryptocurrency foray signals a growing trend among public companies. Giants like MicroStrategy Semler Scientific Marathon Digital and Metaplanet are also enhancing their market positions through Bitcoin investments. This approach has sparked heightened investor interest as these companies begin to serve as practical proxies for Bitcoin investments enhancing their stock market allure.

Reflecting the bullish trend Rumble’s stock price surged nearly 4% closing at $12.90 on January 17. While this increase may also tie to the recent U.S. TikTok ban which positioned Rumble as a promising alternative the firm’s proactive crypto engagement plays a significant role in its escalating market valuation.

Today, the BTCPay Server Foundation was awarded a $25,000 grant paid directly in bitcoin from Unbank, a cash focused Bitcoin exchange, according to a press release sent to Bitcoin Magazine. The grant will be paid out to contributors working on developing new features, open-source payment innovation, and maintenance of BTCPay Server’s Greenfield APIs and codebase.

“Unbank’s support is a testament to the growing recognition of open-source payment solutions in the Bitcoin ecosystem,” said BTCPay Server core contributor R0ckstar Dev. “This grant will help our efforts to enhance BTCPay Server’s capabilities and reach.”

Unbank, which has become a leading bitcoin ATM network with…

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