Bitcoin has surged to a new all-time high of $109,558 during early Asian trading hours, aligning with President Donald Trump’s inauguration day. Market observers point to the heightened possibility that Trump might establish a Strategic Bitcoin Reserve (SBR) through an executive order—one of possibly 100 he could sign immediately upon taking office.
Bitcoin price failed again to clear the $53,000 resistance. BTC is now back below $52,000 and there are chances of a downside break below the $50,500 support.
Ethereum price spiked above the $3,000 resistance before the bears appeared. ETH is correcting gains, but dips might be limited below the $2,865 support.