Bitcoin rises to fresh record, over $109K ahead of Trump inauguration in US

Bitcoin reached an all-time high of $109,241 as the US prepares to inaugurate pro-crypto President-elect Donald Trump.

The original cryptocurrency rose as much 5.5 per cent on Monday to set a fresh record. The token’s rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump’s rapidly reaching a market capitalization of more than $15 billion before declining sharply.