Bitcoin Rises to Fresh Record Ahead of Trump Inauguration in US
- Bitcoin's price increased to over $109,000 early Monday before President-elect Donald Trump's inauguration, as the cryptocurrency industry anticipates his actions upon returning to the White House.
- Trump has shifted from skepticism to support for Bitcoin, launching a new cryptocurrency venture and promising to make the U.S. The 'crypto capital' of the world.
- Key industry players celebrated Trump's inauguration with a 'Crypto Ball' and expect regulatory changes favoring the cryptocurrency sector during his presidency.
- Senator Cynthia Lummis proposed legislation for the U.S. Government to stockpile Bitcoin, which advocates believe would diversify government holdings and mitigate financial risks.
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Total News Sources0
Leaning Left25Leaning Right26Center29Last UpdatedBias Distribution36% Center
Bias Distribution
- 36% of the sources are Center
36% Center
L 31%
C 36%
R 33%
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