The cryptocurrency market has been increasingly volatile over the past week. The world’s largest cryptocurrency Bitcoin (BTC), recorded a remarkable peak in price. The royal coin had remained below the coveted $100,000 zone for some time now. But as we approach Donald Trump’s inauguration day, access managed to increase. This led the community to widen their expectations and look forward to BTC recording a new high before Trump takes office.
Read also: Dogecoin Whales Buy 200 Million Coins: $0.50 Soon?
Looking at Bitcoin’s weekly spike
Bitcoin is currently trading 6.39% below its all-time high of $108,268.45. This peak was already reached in December exactly one month ago. The community believes that BTC could benefit from Donald Trump’s inauguration and record a new high ahead of the event.
Read also: New Bullish Forecast Predicts XRP To Reach $14: Ripple’s Lawyer Weighs In
Price prediction
On Monday, January 20, Donald Trump will be sworn in as the 47th President of the United States. Fireworks will officially kick off the swearing-in ceremonies on Saturday, January 18. Additionally, the four-day itinerary will include a Make America Great Again (MAGA) victory rally on the Monday night before the inauguration, as well as three VIP events at Trump’s golf estate outside Washington, DC.
Read also: Top 3 Cryptocurrencies to Watch as Donald Trump Takes Inauguration
