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As Trump takes office soon, Bitcoin returns to highs
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2025-01-18 03:02 1,052
Golden Finance reports that with just days away from crypto-supporting Trump’s second presidential inauguration, Bitcoin appears to be back on track to hit record highs. Bitcoin has gained about 12% since Sunday and is on track for its biggest weekly gain since November election week. Bitcoin reached a record high of $108,315 in December but has fallen in three of the past four weeks. Zahir Ebutikkar, founder of the crypto fund Split Capital, said: “The market is currently digesting Trump’s inauguration and his optimism about cryptocurrencies.” According to foreign media reports, he was previously skeptical of cryptocurrencies. Trump plans to issue an executive order to elevate cryptocurrencies as a policy priority and give industry insiders a say in his administration.
Keywords: Bitcoin
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