Bitcoin surges to record highs as Trump touts digital token
According to dealers, Bitcoin reached a new record level ahead of Donald Trump's presidential inauguration on Monday. The market value of the digital token "Trump" rose over the weekend to 15 billion USD.
On Monday, bitcoin increased to a record 109,000 USD per token.
The rise in bitcoin's value occurred after an unstable weekend when the cryptocurrency depreciated following the debut of Donald Trump's digital token, listed under the symbol "Trump".
According to CoinMarketCap data, the market value of "Trump" increased over the weekend to 15 billion USD after Donald Trump promoted it on his social media accounts on Friday.
During the campaign leading up to the presidential elections, Trump promised that the United States would become the global home of cryptocurrencies and even supported the creation of a strategic national reserve of bitcoins.
Donald Trump will be sworn in as President of the USA at noon local time (17:00 GMT). After that, he will deliver an address during which presidents traditionally set the tone for their term. In an interview with NBC News, he announced that the motto of the speech will be "community and strength, and the word: justice."
World leaders at the inauguration ceremony
For the first time in 40 years, this ceremony will be held inside the Capitol Rotunda rather than on the steps in front of the east entrance to the Capitol. The change was attributed to low temperatures (25°F with a wind chill that felt like 8°F). For the first time in history, foreign leaders will watch the ceremony on-site, including Argentine President Javier Milei, Italian Prime Minister Giorgia Meloni, and Georgian President Salome Zurabishvili.
After the inauguration and artistic performances – including a performance by country star Carrie Underwood – Trump will deliver his inaugural speech.
