Leading cryptocurrency Bitcoin (BTC) reached a new all-time high above $109,000.
According to Binance data, Binance renewed its ATH by reaching $ 109,600 with the latest rise. In the morning hours, BTC briefly fell below $ 100,000, causing more than $ 1 billion to be liquidated from the market.
Experts believe that this rise is due to Donald Trump officially taking office today.
With the increase, the BTC price gained 5.2% in the last hour and 2.4% in the last 24 hours. On the other hand, the increase in question started to show itself in altcoins. Ethereum (ETH) increased by 3%, XRP by 3.3% and Cardano (ADA) by 5.4% in the last hour. Among the altcoins with double-digit increases among the 100 largest cryptocurrencies were MELANIA, TRUMP and Fartcoin.
BTC subsequently pulled back and continues to trade at $108,710 at the time of writing.
*This is not investment advice.
