The biggest cryptocurrency Bitcoin (BTC) $99,128.5With the impact of important developments in the middle of the week, it rose to 99 thousand 700 dollars. This activity in the cryptocurrency market is based on two critical news: Donald Trump’s new presidential plans and inflation data in the USA.
Trump’s Approach to Cryptocurrencies Raises Expectations
Donald TrumpBefore his election, he made striking statements about the upcoming presidential term. After Trump took office US Securities and Exchange CommissionHe stated that (SEC) would have a more friendly attitude towards cryptocurrencies.
He also announced that cryptocurrency regulations will be clarified and legal restrictions will be eased. These statements had a great positive impact on the cryptocurrency market after he won the elections. While investors are waiting for these changes to come into effect, cryptocurrency marketHe thinks it will increase trust.
Inflation Data Eliminates Short-Term Headwinds
The latest inflation data released in the USA showed that price increases have slowed down. This is directly cryptocurrency It provided optimism by changing the short-term negative picture in the market. The increased likelihood that the Fed will reduce interest rates more than expected throughout the year supports the demand for cryptocurrencies. The harsh decisions taken at the Fed meeting last month led to a decline in the market. However, investors hope that the Fed will take a softer stance with the latest inflation data.
Besides Bitcoin altcoin‘s also found support from these positive news. Experts say that the current rise in the cryptocurrency market may continue and new records may occur. The market has once again been stimulated by Trump’s promises and economic recovery expectations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
