Bitcoin reached a new all-time high of over $109,900, driven by optimism surrounding incoming President Trump's crypto-friendly policies. The cryptocurrency market capitalisation surged to $3.72 trillion. Trump's meme coin, $Trump, saw significant gains, while Melania Trump's $MELANIA coin also performed well. Critics raised concerns about Trump's financial motivations. Trump has shifted from skepticism to support for cryptocurrencies, promising to make the US the 'crypto capital' and appointing crypto-friendly officials.