As Donald Trump, who announced his intention to deregulate the cryptocurrency sector, prepares to be sworn in as president of the United States, bitcoin hit a record high above 109,000 dollars.

Before falling back to around $107,500, Bitcoin hit an all-time high of $109,241 before Trump's inauguration ceremony. The world's largest cryptocurrency has soared since Trump won the presidential election in November, surpassing $100,000 for the first time in early

Cryptocurrencies have been in the news since their inception, from their extreme volatility to the collapse of several industry giants, first and foremost the FTX exchange platform. Bitcoin was designed in 2008 by a person or group writing under the name of Satoshi