"God candle," Samson Mow, a bitcoin developer who leads the Jan3 bitcoin wallet company, posted to X as the bitcoin price suddenly soared, hitting $109,400 on the Coinbase bitcoin and crypto exchange.
The world’s largest cryptocurrency surged in value again after surpassing $100,000 for the first time last month - shortly after 'crypto President' Donald Trump won the election
The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office.
Throughout the weekend, the project soared in value as Trump and his aides prepared to reenter the White House. As soon as Monday, Trump is expected to issue new policy directives that could loosen crypto regulation and send the price of bitcoin and other assets skyrocketing.
Markets were buoyant on Friday, the last trading day before Donald Trump’s inauguration on Monday, but there were some signs of jitters on Wall Street.
Washington. Bitcoin's price skyrocketed to over $109,000 early Monday, just hours before President-elect Donald Trump's inauguration, as the cryptocurrency industry anticipates swift policy actions upon his return to the White House.
The executive orders might address debanking and the repeal of a policy requiring banks to count their held digital assets as liabilities on their balance sheet.
Donald Trump's newly created cryptocurrency soared on Monday to more than $10 billion in market value, drawing in billions in trading volume, while bitcoin's price hit a record high hours ahead of the U.
Lifted by the bitcoin rally, shares of Coinbase have gained 52.3% since Nov. 5 and its market cap is now $73.97 billion, cementing Coinbase's status among the MAGA Seven.
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Donald Trump’s White House return and an expanding lobbying effort in statehouses could bring a cryptocurrency policy blitz in 2025