Bitcoin Rises to Fresh Record Ahead of Trump Inauguration in US
- The price of Bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump's inauguration, as a pumped-up cryptocurrency industry bets he'll take action soon after returning to the White House.
- Once a skeptic, Trump has embraced digital currencies and vowed to make the U.S. The 'crypto capital' of the world, promising to create a U.S. Crypto stockpile and enact industry-friendly regulations.
- Key industry players held a first-ever 'crypto ball' to celebrate the first 'crypto president,' and Trump's cabinet includes crypto supporters, indicating a supportive regulatory environment for cryptocurrencies.
- Trump promised to ensure the U.S. Government stockpiles Bitcoin, which advocates say would help diversify government holdings and hedge against financial risks.
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Total News Sources0
Leaning Left27Leaning Right29Center33Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 30%
C 37%
R 33%
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