Bitcoin broke a new all-time high on Monday afternoon (Islamabad time), smashing past $108,000 per coin for only the second-ever time in history.
The biggest coin is now trading for $107,847, CoinGecko data shows. Over the day so far, it’s up 8 percent—but over a seven-day period, it’s up nearly 18 percent.
The coin’s new record price is $108,740 which it hit only an hour ago. BTC first breached the $108,000 level on December 17 after news of the launch of a pilot Bitcoin national reserve in the US.
The cryptocurrency market gained significant momentum ahead of Donald Trump’s inauguration today. Ethereum saw a 4.7% rise, reaching $3,363, while DOGE increased by 0.5% to $0.377, and Solana climbed to $262.
As of now, Bitcoin (BTC) has a fully diluted market cap of $2.14 trillion, with 19.812 million coins in circulation.
Market analysts have noted a sudden resurgence of investor interest in BTC leading up to Trump’s inauguration. Many in the market anticipate that the new U.S. President might advocate for a strategic Bitcoin reserve, enabling Washington to establish its own crypto stockpile.
