"Bitcoin Hits Record High Amid Regulatory Shifts and Political Influence?"
1. Bitcoin reached a record high of $109,071 on Monday, driven by the inauguration of President Trump, who has expressed support for cryptocurrencies.
2. Despite the record high, Bitcoin's price fell after it was not included in the initial regulatory actions by the U.S. government on Day One.
3. Bitcoin rebounded and rose by 3.8%, reflecting market optimism despite the initial disappointment over the regulatory exclusion.
4. Ethereum, the second-largest cryptocurrency, saw a gain of 1.4% during the same period, contributing to the positive momentum in the broader market.
5. The U.S. markets regulator, likely the SEC, unveiled plans to overhaul cryptocurrency regulations, signaling a potential shift in how the sector will be governed.
6. The cryptocurrency market experienced volatile, choppy trading as investors reacted to these developments and adjusted their expectations.
7. The market's fluctuations highlight the strong influence of political events, such as presidential inaugurations, on the prices and perception of cryptocurrencies.
8. The market continues to adjust as both regulatory and political factors shape the future of digital assets like Bitcoin and Ethereum.
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