Bitcoin hits new record high, dollar dips ahead of Trump inauguration – business live

Bitcoin rises by 4% past $109,000, reversing earlier losses; Donald Trump meme coin price tanks after wife Melania also launches token

Here’s our full story on Trump’s meme cryptocurrency going head to head with a coin backed by his wife.

The incoming US first lady, Melania Trump, has followed Donald Trump’s lead by launching a multibillion-dollar cryptocurrency meme coin – briefly tanking the price of her husband’s coin in the process.

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