Bitcoin hits New ATH on 20th January

On January 20, 2025, Bitcoin achieved a new all-time high, surpassing $109,000. This surge is attributed to investor optimism surrounding the inauguration of President Donald Trump, who is anticipated to implement crypto-friendly policies. Notably, both President Trump and First Lady Melania Trump introduced their own cryptocurrencies, $TRUMP and $MELANIA, over the weekend, further boosting market sentiment. The launch of these meme coins has generated significant interest, with the $TRUMP coin's market capitalization nearing $10 billion before experiencing volatility. Additionally, there is growing speculation that President Trump might establish a national bitcoin reserve in 2025, with prediction market odds rising from 39% to 65%. 

 This milestone for Bitcoin reflects the broader enthusiasm in the cryptocurrency market, as investors anticipate favorable regulatory developments under the new administration. The convergence of political events and market dynamics underscores the increasing influence of governmental policies on digital assets.