The analytics platform IntoTheBlock has announced that all Bitcoin holders are now in profit due to a surge in the coin's price ahead of President Donald Trump's inauguration. This marks the first time since November that all BTC holders have been in profit. President Trump has promised crypto-friendly regulations to help establish the US as a Bitcoin hub, which has fueled the current bull cycle in the crypto market. Bitcoin reached an all-time high of $109,114.88 on January 20 but has since corrected. Coins associated with President Trump, such as $TRUMP and $MELANIA memecoins, have also seen significant gains. Some analysts expect the price of Bitcoin to surge further after Trump's official entry into office, with predictions of it reaching over $200,000.



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