Bitcoin hit a new all-time high above $109,000 ahead of the inauguration of Donald Trump on Mon﷽day, as investor optimism grows that the incoming president will adopt policies that benefit the crypto market.

The bitcoin price surge came as the president-elect and his wife Melania each launched meme coins over the weekend, adding to the notion that the 澳洲幸运5官方开奖结果体彩网:arrival of the new administration will be a positive development for crypto investors.

Bitcoin was trading at around $10𝐆3,500 recently, after moving as high as $109,300 overnight. The digital currency has gained nearly 50% since the early-November election, with a renewed surge in recent days amid hopes that Trump could soon announce crypto-related measures. Trump made no mention of bitcoin or cryptocu💙rrency during his inaugural address.

Flows into 澳洲幸运5官方开奖结果体彩网:spot bitcoin exchange-traded funds have underscored the optimism about bitcoin. On Friday alone, spot ETFs attracted a net $975.6 million, according to Farside Investors.

Meanwhile, the odds of Trump establishing a 澳洲幸运5官方开奖结果体彩网:national bitcoin reserve in 2025 increased from 39% to 65% over the past week, according to prediction market Polymarket.

On Sunday, the president-elect noted that bitcoin's surge to new all-time highs after the election has been part of a greater "Trump effect" on markets. During the presidential campaign, Trump made a number of promises that would be 澳洲幸运5官方开奖结果体彩网:beneficial to the crypto industry.

Solana, which is 🦄the crypto network where the TRUMP and MELANIA meme coins were launched, also reached a new all-time high over the weekend.

The TRUMP meme coin has been a wild ride for speculators so far, with its market capitalization standing at just under $10 billion on Monday morning. The meme coin saw a 44% drop in less than an hour on Sunday around the time of the launch of the MELANIA meme coin.

UPDATE: This article has been updated with a reference to Trump's inaugural address and the latest price of bitcoin.