Bitcoin hits all-time high on Inauguration Day


Bitcoin surged to an all-time high on Monday, hours before Donald Trump took office as President of the United States.

Over the course of Monday, Bitcoin spiked to $109,350 before dipping below $105,000.

President Trump has talked about cryptocurrency on numerous occasions in the leadup to taking office again. Bitcoin started gaining steam over the week before the inauguration, with speculation rising that Trump would announce a Bitcoin-related executive order.

According to reports, Trump is planning on reducing regulations around cryptocurrency, something that could spur adoption.

Mashable Light Speed

The spike in Bitcoin price also happened after the launch of two new meme coins by the Trumps – simply named $TRUMP and $MELANIA. Trump’s coin was launched on Friday, Jan. 17, with Melania’s coin following a few days later. Both are based on the Solana blockchain.

Meme coins are essentially cryptocurrencies that are based on some aspect of internet culture. They’re not really considered to carry any intrinsic value, but can be bought and sold, and can rise or fall in cost.

The most famous meme coin is Dogecoin (DOGE), which was essentially created as a joke, but has been heavily promoted by Elon Musk. Dogecoin is also on the rise, sitting at $0.36 at the time of this writing – though it’s still only a little over half the value of its all-time-high of $0.64, which it hit in May 2021 shortly after the GameStop squeeze. 

As for Bitcoin, we’ll have to wait and see if the rally continues, or if the currency settles after its latest surge. 





  • Related Posts

    Mastodon is working to add the controversial ‘quote posts’ feature
    • February 14, 2025

    Mastodon, the decentralized alternative to X, is going to adopt a controversial feature from the platform formerly known as Twitter: quote posts. The company on Friday shared the progress it’s…

    Continue reading
    Valve removes Steam game that contained malware
    • February 13, 2025

    Valve removed a game from its Steam video game platform and store because it contained malware, according to media reports. In its notice to users who downloaded the game, Valve…

    Continue reading

    Random News

    DR Congo’s M23 fighters seize Bukavu airport before African Union summit | News

    • By gonews
    • February 14, 2025
    • 1 views
    DR Congo’s M23 fighters seize Bukavu airport before African Union summit | News

    Mastodon is working to add the controversial ‘quote posts’ feature

    • By gonews
    • February 14, 2025
    • 1 views
    Mastodon is working to add the controversial ‘quote posts’ feature

    Printable 2025 Philadelphia Eagles Schedule; Matchups and TV Broadcasts

    • By gonews
    • February 14, 2025
    • 2 views
    Printable 2025 Philadelphia Eagles Schedule; Matchups and TV Broadcasts

    369 Palestinian Prisoners to Be Freed in Exchange for Three Israeli Detainees

    • By gonews
    • February 14, 2025
    • 1 views
    369 Palestinian Prisoners to Be Freed in Exchange for Three Israeli Detainees

    Chevron layoffs come as energy giant unlocks more crude with far fewer rigs in the heart of the U.S. oil patch

    • By gonews
    • February 14, 2025
    • 1 views
    Chevron layoffs come as energy giant unlocks more crude with far fewer rigs in the heart of the U.S. oil patch

    Eagles Guitarist Don Felder Suffers Medical Event Onstage

    • By gonews
    • February 14, 2025
    • 1 views
    Eagles Guitarist Don Felder Suffers Medical Event Onstage