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Bitcoin Crosses $109,000: A New Historical Record!

15h05 ▪ 3 min read ▪ by Evans S.
Getting informed Bitcoin (BTC)

Bitcoin recently crossed the mythical threshold of 109,000 dollars. This new record comes in a context filled with symbolism and anticipation, as Donald Trump prepares to take the oath for a second term as President of the United States. A dazzling rise that marks a key moment in the history of cryptocurrencies.

Representation of the enthusiasm around Bitcoin

Bitcoin exceeds expectations

January 20, 2025, will be etched in the annals of the cryptosphere. In just a few minutes, the price of Bitcoin surged by over 6%, reaching a dizzying peak of 109,036 dollars, before slightly retreating below the 108,000 $ mark. According to TradingView data, this peak was recorded at 6:55 AM UTC, reflecting the extreme volatility of the market.

This is not an isolated feat. Since December 2024, Bitcoin had already approached this symbolic threshold, flirting with 108,000 dollars.

Indeed, the media resonance and speculation surrounding Trump’s inauguration have amplified the bullish momentum, attracting new investors.

Bitcoin now seems to play a broader role, transcending its initial nature as a “digital store of value” to establish itself as an indicator of economic and geopolitical trends.

But what drives this rise? Aside from the Trump effect, other macroeconomic factors, such as the instability of fiat currencies and the growing interest from institutions, have fostered this surge. BTC, in its relentless quest for adoption, continues to shake up financial paradigms.

The Trump effect: a catalyst for confidence in cryptos

Donald Trump’s inauguration, scheduled a few hours after this record, has largely contributed to this wave of optimism.

Why? Trump, often perceived as an unpredictable figure, surprised the crypto community by showing unprecedented support for Bitcoin technology. Among his most discussed projects: the establishment of a strategic reserve of Bitcoin in the United States, a global first that could redefine the role of states in the cryptocurrency ecosystem.

Since his victory in November 2024, Trump has focused on a rhetoric centered on innovation and deregulation.

These announcements have propelled the prices not only of Bitcoin but also of other major cryptocurrencies. In parallel, the launch of his official memecoin, the TRUMP, has galvanized a new wave of investors, although its success has been mixed to date.

This presidential support fuels the idea that the United States could become a key player in decentralized finance, which rekindles speculation about the massive adoption of Bitcoin.

This crossing of 109,000 dollars marks much more than just a simple record: it symbolizes a paradigm shift. As governments and institutions take an interest in Bitcoin, its legitimacy as a global asset continues to grow.

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Evans S. avatar
Evans S.

Fasciné par le bitcoin depuis 2017, Evariste n'a cessé de se documenter sur le sujet. Si son premier intérêt s'est porté sur le trading, il essaie désormais activement d’appréhender toutes les avancées centrées sur les cryptomonnaies. En tant que rédacteur, il aspire à fournir en permanence un travail de haute qualité qui reflète l'état du secteur dans son ensemble.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.