Bitcoin has set a new all-time high and surged through the significant South African milestone of R2 million per BTC.
The cryptocurrency rose as much as 5.5% on Monday in the hours leading up to Donald Trump’s inauguration as U.S. President, reaching $109,241 on international exchanges.
Bitcoin, second-ranked token Ether and XRP all rose rapidly on Monday morning in London, with traders counting down the hours until Trump once again assumes control of the White House. The memecoin sector, stuffed with joke tokens like Dogecoin offering little intrinsic value and high volatility, is divisive as it feeds criticism of the nascent industry as too frivolous and risky for mainstream investors.The weekend launches are “now clearly a blight that we will have to work to put behind us as builders,” said Rob Hadick, general partner at crypto-focused venture capital company Dragonfly Capital.
Scaramucci was briefly Trump’s director of communications in 2017 during the latter’s first presidency before being fired and becoming a vocal critic.
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