Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.

Bitcoin climbed to over $90,000 by about 9:30 a.m. EST, or 2:30 p.m. Greenwich Mean Time (prices for the constantly traded crypto market are most commonly referenced in GMT).

Bitcoin has once again hit a new all-time high, passing the $93,000-mark and is showing signs of going even higher – with much optimism for a new administration's friendlier tone toward crypto, is $200,