Bitcoin soars above $100,000 ahead of Trump’s inauguration
Bitcoin soared to a new all-time high of nearly $104,000 late Wednesday night, crossing the $100,000 mark for the first time in 16 years.
The market has continued a post-election bull run and is gaining more momentum ahead of Mr Trump’s inauguration scheduled for January 2025.
On Wednesday, Bitcoin made a whooping 7.62 per cent increase in just 24 hours, hitting $103,900 before settling slightly lower, just over $103,100.
This surge comes as the market reacts to renewed optimism following Mr Trump’s electoral victory on November 5 and his much-anticipated return to the White House.
During his campaign, Mr Trump promised to create a strategic reserve and make the U.S. the “crypto capital of the planet.”
Since Mr Trump’s emergence as president-elect, Bitcoin has seen a 36 per cent increase in value, valued at approximately $75,600.
Experts have linked the prevailing bullish crypto market atmosphere to Mr Trump’s victory and his friendly campaign about the currency.
Under his forthcoming administration, cryptocurrency supporters eagerly anticipate a more favourable regulatory environment, which they believe could further fuel Bitcoin’s rise.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
France, Spain set to clash in epic World Cup semi-final battle
It is the first semi-final fixture and one of the most anticipated matches of the ongoing 2026 FIFA World Cup.
NationWide
Wig, gown reserved for qualified lawyers: Legal Practitioners
The lawyers said only persons called to the bar and enrolled as solicitors of the Supreme Court of Nigeria are qualified to wear the legal regalia.
Health
Drug availability in Kano public health facilities has increased to 90%: Official
He said drug availability in public health facilities rose from 30 per cent to 90 per cent in three years.
Anti-Corruption
N1.8 billion was paid into my company account during ex-gov Darius Ishaku’s tenure, witness says
The witness said he received a total of 69 transfers from the Gassol Local Government Area of Taraba.
States
Troops arrest suspected arms trafficker in Kaduna
Troops of the Nigerian Army arrested a suspected arms trafficker in Zangon Kataf Local Government Area of Kaduna State.
World
EU to restrict children’s social media access among member states
She said the planned restrictions would be lifted gradually as children get older.
