Bitcoin reached a record high of US$109,350.72 early on January 20, but later fell over 2% to close at US$103,558.38, according to data from Coin Metrics.

This price movement coincided with the inauguration of President Donald Trump on the same day.

Recent trends show that Bitcoin gained momentum amid speculation about potential regulatory changes under the new United States administration.

Although rumors suggest cryptocurrency regulation may become a national focus, no formal announcements have been confirmed.