Bitcoin and Ethereum See Significant Gains

On Friday, the cryptocurrency market experienced a notable upswing, with Bitcoin breaking through the $104,000 barrier once more, a level not seen since mid-December. This resurgence in value is largely attributed to the anticipation surrounding Donald Trump's inauguration as the 47th president of the United States.

Tech Giants to Attend the Inauguration

The inauguration ceremony, set for January 20, is drawing attention not just for its political significance but also for the expected attendance of major figures from the tech industry. This gathering of tech moguls is seen as a potential catalyst for further interest and investment in the cryptocurrency market.

Market Performance at a Glance

At 10:14 am ET, Bitcoin had surged 4.17% to trade at $104,148.89, while Ethereum saw a 4.30% increase, reaching $3,450.4900. These gains underscore the volatile yet promising nature of the cryptocurrency market, especially in times of significant political and economic events.