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Bitcoin hits all-time high near 109,000 USD ahead of Trump inauguration

BTC recently peaked at 108,786 USD, but has slightly retreated to 107,949 USD, reflecting a 3.2% increase in 24 hours. Trump’s administration is anticipated to prompt favorable changes for cryptocurrencies, including potentially creating a presidential crypto council.

The excitement around Bitcoin’s performance is mirrored in other cryptocurrencies; Ethereum and XRP have risen while Solana has faced a decrease. The crypto community is keenly watching for executive orders from Trump that could impact the market significantly.

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