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The price of bitcoin has hit a new all-time-high amid a crypto market frenzy fuelled by incoming US president Donald Trump.
The world’s leading cryptocurrency reached above $108,000 for the first time in its history on Monday morning, just hours before Trump is dues to take office.
Bitcoin’s latest price surge follows the launch of Trump’s own cryptocurrency, as well as that of his wife Melania.
$TRUMP and $MELANIA were both launched over the weekend, with Trump’s coin reaching a market cap of more than $5 billion.
Trump has promised the crypto industry that he will make the US the “bitcoin capital of the world” as president.
More to follow.
