Bitcoin Reaches New All-Time High Amid Crypto-Friendly Administration
- Bitcoin hit an all-time high (ATH) of $109,588 on Inauguration Day.
- The price surged past $100,000, consolidating above this level over the weekend.
- US President Donald Trump launched a TRUMP memecoin, reaching a $75 ATH with a market cap of $15 billion.
- Bitcoin experienced a 6% correction after the First Lady’s MELANIA memecoin launch.
- Analysts predict further volatility and potential for continued price discovery phases.
Bitcoin’s price fluctuated significantly around the inauguration period, reaching new highs and experiencing corrections due to market reactions to political events and new cryptocurrency launches. As of now, Bitcoin trades at $104,564.
Source (2.6)https://www.newsbtc.com/news/bitcoin/analyst-says-bitcoin-is-entering-second-price-discovery-uptrend-whats-ahead-for-btc/?rand=52377
