While equity markets (^DJI, ^IXIC, ^GSPC) are closed on Monday to honor Martin Luther King Jr. Day, crypto assets are still trading on the market holiday that coincides with President-elect Donald Trump’s inauguration ceremony. Bitcoin (BTC-USD) soared to a new record high above $109,000 ahead of Trump’s return to the White House later today.
Crypto traders notably rallied behind Trump on his campaign promises for the crypto industry and regulation.
Yahoo Finance host Madison Mills joins Julie Hyman and Seana Smith in their special inauguration coverage, examining crypto market trends as both Trump and First Lady Melania Trump launch their own memcoins (TRUMP-OFFICIAL-USD, MELANIA-USD).
Watch President Donald Trump’s 2025 Inauguration ceremony, while staying up to date with all the market news and economic data covered by Yahoo Finance.
This post was written by Luke Carberry Mogan.
