Trump promised the creation of a strategic national reserve in bitcoin.
Now, bitcoin is facing the sell-off zone around $110,000.
Bitcoin (BTC) price set a new all-time high (ATH) by surpassing, during the early hours of this Monday, January 20, the previous mark around $108,300. The new all-time high is $109,114 per coin.
In the following graph, provided by TradingViewthe behavior of the digital asset can be seen on the Binance exchange:
The imminent inauguration of Donald Trump as president of the United States, which will take place on Monday, January 20, boosts the price of bitcoin.
Let us remember that, as CriptoNoticias has reported extensively, The Republican businessman and politician has made numerous promises which, if they come true, would greatly benefit the cryptocurrency industry.
Among these promises are the creation of a strategic national reserve in bitcoin and the enactment of laws that would favor the mining of digital assets.
Now, bitcoin will face $110,000, a psychological resistance that will probably not be easy to overcome.