Bitcoin $104,967.3 (BTC) recently broke the record by exceeding 109 thousand dollars. The rise in the price of the largest cryptocurrency came just before the inauguration of Republican Donald Trump as US President. Trump’s positive attitude towards cryptocurrencies and the promises he made during the campaign have created significant optimism in the markets.
Bitcoin Continues to Break Its Record
Bitcoin dropped to $100,000 after reaching $102,000 on Sunday. However, the recent buying wave today quickly moved the price to $109 thousand 333. $109,033 corresponds to the new all-time high for Bitcoin.
biggest cryptocurrencyIn the recent decline in the price of Melania TrumpMemecoin, which was launched on Sunday, is thought to be effective. It is considered that this new memecoin caused some investors to withdraw from Bitcoin. However, BTC’s leadership was re-established with buying demand returning to the market.
Trump Effect and Market Expectations
Donald Trumpcame to the fore with his support for cryptocurrencies during the presidential race. In his campaign, he promised to “make the USA the cryptocurrency capital of the world.” He also gave messages that he would create a “strategic national Bitcoin reserve”. All these explanations cryptocurrency marketIt created a positive atmosphere in the
Cryptocurrency experts believe that Trump’s vision will further strengthen the industry. Analysts point out that Bitcoin may maintain these levels for a longer period of time. It is clear that the impact of Trump’s policies and the market’s reaction to it will shape Bitcoin’s movements in the future.
The fact that Bitcoin continues to break new records attracts the attention of both institutional and individual investors. The market is focused on the opportunities that the Trump era can bring to cryptocurrencies.
With current data BTCIt is trading at $108,667, with a slight retracement from its recent peak.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
