Bitcoin climbed to a fresh record as the US prepares to inaugurate Donald Trump to his second presidential term, following a weekend during which his own newly-launched digital token rattled crypto markets.

The original digital asset gained as much 5.5% to $109,241 on Monday. The rally came after Trump and his wife Melania unveiled memecoins, with Trump’s reaching a market capitalization of more than $15 billion on Sunday before declining sharply.