“God Candle” Suddenly Sends Bitcoin to Record Price as Trump Stuns Crypto

Bitcoin has suddenly soared, hitting a new all-time high of around $110,000 per bitcoin as Donald Trump prepares to re-enter the White House (with the market bracing for a big week ahead).

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The price of Bitcoin has soared, reaching levels not seen since Trump’s election victory in November, after Trump and his wife Melania stunned the crypto market by launching rival memecoins over the weekend.

Now, amid expectations that Trump could create a US bitcoin reserve that could hold other rival cryptocurrencies, the price of bitcoin has seen what has been described as a “god candle” .

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ForbesFed Stealth Dollar Crisis Expected to Spark Bitcoin Price Surge to Rival GoldBy Billy Bambrough

“God candle,” Samson Mow, a Bitcoin developer who runs Bitcoin wallet company Jan3, posted on of Bitcoin was suddenly rising, reaching $109,400 on the Bitcoin and crypto exchange Coinbase.

Mow predicted that the price of Bitcoin would rise to $1,000,000 in 2025, highlighting Trump’s return to the White House and the recent growth in the global money supply.

“History will be made on Monday when Trump becomes the first pro-crypto president in the United States, and new all-time highs could be imminent,” wrote Lark Davis, Bitcoin and crypto influencer and author of the Wealth Mastery newsletter, highlighting According to prediction platform Polymarket, “the chances of the United States creating a strategic bitcoin reserve in 2025 have skyrocketed.”

In July, Trump, then the Republican presidential candidate, promised to create a “strategic national bitcoin reserve” and predicted that bitcoin could eclipse the $16 trillion market capitalization of gold , during an appearance at the Bitcoin 2024 conference.

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ForbesIt’s Just Beginning: Trump Meme Coin Suddenly Crashes as Melania Coin Shock Hits CryptoBy Billy Bambrough

“The sudden increase is due to a series of potentially pro-crypto executive orders that Trump may begin issuing starting Monday,” Davis wrote, adding, “Things are going to get interesting from there.”

Trump, the so-called crypto president, reportedly issued several crypto-related executive orders on his first day back at the White House on January 20, one of which is expected to trigger a huge explosion in Bitcoin prices.

“Team Trump has made it clear that this is a priority,” an anonymous source told the newspaper. Washington Post.