Bitcoin Reaches Historic High of $109,000

The price of Bitcoin surged past $109,000 on Monday, marking an all-time high, Anadolu Agency reported. Over the past 24 hours, the largest cryptocurrency experienced a low of $99,400 and a peak of $109,110. Prior to the US elections in November 2024, Bitcoin was valued around $70,000, reflecting a remarkable increase of approximately 55% following Donald Trump’s presidential election victory.

In the wake of Trump’s win, the market anticipates favorable developments for cryptocurrencies, as he has promised to position the US as the “crypto capital” of the world. Currently, Bitcoin’s market capitalization stands at $2.14 trillion, with a 24-hour trading volume of $111.5 billion, according to Coinmarketcap data.