The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he'll take action son after returning to the White House.

Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $102,000 mark early Monday. O ther popular altcoins — including the likes of Ethereum (ETH)

Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S.

In December, Trump tapped Paul Atkins to lead the Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace Gary Gensler, who is seen by many as a crypto critic.

Bitcoin has suddenly shot higher, climbing to a fresh all-time high of around $110,000 per bitcoin as Donald Trump gears up to reenter the White House (with the market braced for a big week ahead). The bitcoin price shot higher,

Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump's inauguration. The cryptocurrency surged 5.5% amid excitement over Trump's meme coins, despite a subsequent market decline.