Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.

XRP, the token linked to Ripple Labs and the third-largest cryptocurrency, climbed nearly 40% this week to a record $3.4, eclipsing the performance of every other major digital asset this month. Its market capitalization now sits at about $190 billion, driven by optimism that the Trump administration could adopt friendlier crypto policies.

The price of bitcoin surged to over $100,000 early Monday on the bet that Trump will take cryptocurrency industry-friendly action soon after returning to the White House.

Bitcoin surged to an all-time high on Monday, hours before Donald Trump took office as President of the United States. Over the course of Monday, Bitcoin spiked to $109,350 before dipping below $105,000.

Bitcoin (BTC) zoomed to a record level above $109,000 during the Asian trading hours on Monday ahead of Republican Donald Trump's scheduled

Bitcoin jumped above $109,000 as traders eagerly awaited the inauguration of incoming President Donald Trump and cheered his weekend meme coin launch.

Bitcoin hit a record high above $109,000 on Monday ahead of the inauguration of Donald Trump, who has signaled plans to deregulate the cryptocurrency sector.

The price of bitcoin surged to a new record high this morning ahead of Donald Trump's inauguration. The cryptocurrency jumped nearly 7 per cent to beyond $108,000 a coin, tearing past the previous record.