Bitcoin Hits Record $109,000 Ahead Of Trump’s Inauguration, Sparks Market Rally

Bitcoin (CRYPTO: BTC) tapped a new record high of $109,000 past Sunday midnight ahead of Donald Trump’s presidential inauguration

What happened: The world’s largest cryptocurrency briefly touched $109,000, bettering its previous record at $108,135. However, the coin couldn’t sustain its rally and retraced to the $107,000 zone as of this writing.

The spike spurred a broader market rally, causing large-cap cryptocurrencies like Ethereum (CRYPTO: ETH) and XRP …

Full story available on Benzinga.com