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Bitcoin soars above $109,000

Bitcoin reached a new all-time high, briefly surpassing $109,000 on Monday, January 20, 2025.

This surge comes ahead of President-elect Donald Trump’s inauguration, with the cryptocurrency hitting $109,111 before retreating slightly below $108,000.

The market is optimistic about Trump’s pro-crypto policies, including the potential establishment of a strategic Bitcoin reserve and easing of crypto regulations.

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