[Market Update] Bitcoin Surges Past $107,000 on Trump Inauguration Anticipation

Bitcoin (BTC) continues its bullish trend ahead of the inauguration of U.S. President-elect Donald Trump.

As of the 20th (local time), Bitcoin is trading at $107,000 on the global cryptocurrency exchange Binance Tether (USDT) market.

With the inauguration of U.S. President-elect Donald Trump approaching tomorrow morning, the cryptocurrency market appears to be recovering.

President-elect Trump garnered attention in the cryptocurrency market by issuing Trump (TRUMP) meme coins and Melania (MELANIA) meme coins based on the Solana (SOL) chain a few days before the inauguration. Currently, the official Trump meme coin ranks 17th in cryptocurrency market capitalization according to CoinMarketCap.