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Bitcoin hits record above Sh14m awaiting Trump second stint at the White House

US President-elect Donald Trump reacts during a MAGA victory rally at Capital One Arena in Washington, DC, on January 19, 2025, one day ahead of his inauguration ceremony. [AFP]

Bitcoin hit a record high above $109,000 (Sh14 million) on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, was due to be sworn in as US president.

Bitcoin surged to an all-time peak of $109,241 (Sh14.09 million) ahead of Trump's inauguration ceremony, before falling back to around $107,500 (Sh13.8 million).

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