Bitcoin hit a new all-time high above $109,000 ahead of the inauguration of Donald Trump on Monday, as investor optimism grows that the incoming president will adopt policies that benefit the crypto market.
The bitcoin price surge came as the president-elect and his wife Melania each launched meme coins over the weekend, adding to the notion that the arrival of the new administration will be a positive development for crypto investors.
| Metric | Value / Status | Timeline |
|---|---|---|
| Bitcoin New ATH | $109,300 | Overnight / Pre-Inauguration |
| Post-Election Gain | Nearly 50% | Since early-November |
| Spot ETF Net Inflow | $975.6 Million | Single Friday Session |
| BTC Reserve Odds | 65% (via Polymarket) | Current Week |
Solana, the crypto network where the TRUMP and MELANIA meme coins were launched, also reached a new all-time high over the weekend. The TRUMP meme coin market capitalization stood at just under $10 billion on Monday morning, despite a 44% drop on Sunday following the Melania coin launch.
President-elect Trump noted that bitcoin's surge to new all-time highs after the election has been part of a greater "Trump effect" on markets.
Bitcoin was trading at around $103,500 recently, after moving as high as $109,300. Flows into spot bitcoin exchange-traded funds have underscored the optimism, with a net $975.6 million attracted on Friday alone.