Celebrating Trump’s inauguration…Bitcoin is at a new record level near $110,000

The cryptocurrency Bitcoin rose by more than 5.5% on Monday, rising to a new record level above $109,241,000, approaching more than $110,000, hours before the inauguration of US President Donald Trump in Washington. The rise in the world’s most famous cryptocurrency came after Trump and his wife Melania unveiled memecoins over the weekend, as the market value of Trump’s currency quickly reached more than $15 billion before falling sharply.
These cryptocurrencies caused temporary turmoil in the digital assets market, affecting investment flows towards Bitcoin and smaller currencies, and sparked criticism from senior industry executives. Bitcoin, along with the second largest digital currency “Ether” and “XRP”, recorded strong increases. Monday morning in London, as the countdown to Trump’s return to the White House begins. Previous Bloomberg reports indicated that Trump is considering issuing an executive order making digital assets a “national priority.”

Hashkey Global CEO, Ben El-Baz, said that the “meme” currencies launched by Trump and his team have strengthened the positive momentum for Bitcoin, as individual traders expect that Trump will “prioritize this industry and confirm his commitment to supporting it,” according to Bloomberg News.

Different scenario
A recent Business Insider report indicates that “Cryptocurrency optimists expect President Donald Trump’s deregulation agenda to lead to a rise in the value of Bitcoin this year… but they may first have to endure an intense selling wave.” Standard Chartered Bank warns, in a recent note, that a “selling wave” will occur if the main cryptocurrency falls below the $90,000 level, considering that the risks associated with this are real.
Head of Digital Assets Research, Jeff Kendrick, says: “We believe that a clear break of the $90,000 level for Bitcoin would open the way for a 10 percent decline in the near term, to the $80,000 level. Prices of all crypto assets are likely to follow.” “In this scenario, it is entirely possible that forced or panic selling will amplify an ongoing sell-off currently driven by economic concerns.” According to Kendrick, when prices rise, sales tend to come mostly from long-term coin holders who make profits. When prices fall, sales tend to come more from short-term holders who sell at a loss.

New historical levels
Joe Yarak, head of the global markets department at Cedra Markets, points out that there are many analysts who expect the price to reach historical levels ranging between $200,000 and $250,000 by the end of 2025, especially after the strong performance of the currency in 2024. Yarak explains that The main factors affecting the market currently include the Securities Commission’s support for Bitcoin-related ETFs since April 2024, which has provided cryptocurrencies with a legal cover that has attracted huge financial flows from investment funds. Major, explaining that the presence of big names in the sector contributed significantly to enhancing confidence in the market and pushing prices to record levels. He also stresses that Donald Trump’s return to the White House may be a major influential factor. This is because Trump is known for his support for cryptocurrencies and his recent easing of regulatory restrictions. Changes in the speech of Federal Reserve Chairman Jerome Powell, who indicated that cryptocurrencies do not pose a risk to the dollar and are considered a tool for preserving value similar to gold, have contributed to improving the outlook for Bitcoin.

Trump coin
It is noteworthy that Trump recently officially launched the meme currency. Trump Coin was announced on the president’s accounts on the X and Truth Social platforms late Friday night, providing further boost to the crypto market. The market value of Trump Coin quickly reached more than $15 billion before falling sharply.
Trump’s currency temporarily disrupted the crypto-asset market, drained cash flows from Bitcoin and smaller cryptocurrencies, and sparked criticism from industry officials, according to Bloomberg News. It is noteworthy that the “meem currency” has no economic or transactional benefit and is often identified as a purely speculative asset, according to an Agence France-Presse report.