Donald Trump’s victory heavily impacted the world’s largest cryptocurrency, Bitcoin (BTC). Even before Trump supported the king coin, the community was sure that BTC would reach a high of $100,000. This was credited to the halving event that occurred earlier this year. Trump’s historic win and support accelerated the asset’s journey to this level. This left the community wondering how high BTC would trade after the president-elect takes office.
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How High Is Bitcoin Trading Right Now?
Source: CoinMarketCap
Bitcoin has been lingering around the $100,000 mark for a couple of days now. The king coin was traded at $100,033.73 during the time of writing. This comes after a dainty drop of over 0.60% throughout the past 24 hours.
Following Trump’s win, Bitcoin managed to surge beyond the coveted $100,000 mark. The asset hit an all-time high of $103,900 during the beginning of the month. BTC is trading nearly 4% below this mark. The community is confident that Bitcoin could surge to a high of $115,000 or more after Trump is sworn in.
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When Will Trump Take Charge?
Source: CoinCodex
Inauguration Day is scheduled for Monday, January 20, 2025, this year. Every four years, on January 20 or January 21, if January 20 falls on a Sunday, the President and the rest of the authorities are sworn in. Washington, D.C., is the place where the inauguration event is held outside the US Capitol. During this time, Bitcoin is expected to record a surge.
It looks like BTC holders are in for a treat. According to data from CoinCodex, during January and February, Bitcoin is going to witness a major uptick. During the first month of the year, the king coin will surge to a high of $125,184. The maximum price that BTC will trade in February is $117,868.
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