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Bitcoin

Was the day of Trump’s inauguration at the beginning of the end of Bitcoin?

With the presence of many aspects of uncertainty about the condition of the cryptocurrency market after last week, the question arises whether there is a certain time point that can indicate the beginning of the end.

If we assume that this emerging market cycle has stopped, and this is very speculative, at the very least, can everything lead to January 20 – the day of Trump’s inauguration? Was this the final date of the “brotherly sale”?

Was this the sign?

Financial markets are often transferred, especially encryption, by rumors instead of actual news and subsequent applications. In the latest BTC history, the original is approaching $ 50,000 in early January 2024 due to the anticipation of the launch of Spot Bitcoin ETFS in the United States.

The products were expected to be a big deal and became like this, but BTC fell to less than $ 40,000 as soon as they lived. It took weeks to restore losses and months to break the highest level in BTC ever.

Let’s return to another peak registered in April 2021, which also enhances the theory mentioned above. Bitcoin’s increase over $ 60,000 came in the aftermath of Coinbase for the public. Once it became a reality, BTC crashed less than $ 30,000 in the coming weeks, and it took months, until November, to exceed its record at the time.

The investment funds circulated in 2024 represent the beginning of a new bull session, according to some, but Bitcoin’s movements calmed down at about $ 60,000 for months on the way to the American elections. Even half could not get rid of monotheism.

However, dozens of Trump are promises to the pro -captain’s promises and his victory in the ground collapse in the elections brought the noise and BTC, along with many altcoins, rose. In fact, the most preceding inauguration was among the best in the encryption market in its history, as BTC managed to break more than $ 100,000 and reached its climax at more than $ 109,000 on January 20 – yes, the day that Trump led his position.

In the next two and the next half, the BTC price lost approximately 30 % of its value and decreased to $ 78,000 on Friday. In fact, Trump has received a lot of blame for his controversial tariff against many countries as well as his actions in the Ukraine war, Russia.

So, was the opening day the beginning of the end?

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

What next?

Now, let’s assume that the emerging market has not ended yet. Clash like the above mentioned is not new on Bitcoin and Crypto. But if the bull cycle will resume soon, what can be the fan?

Well, the safe bet was a return to the source of most of the moves that occurred since November – Donald J. Trump. Some of his many promises included making the United States from Bitcoin and Chefir Center, as well as stopping the confiscation BTC sales and integrating them into the national reserves in the country.

Senator Lomes has constantly urged this and Secure The United States will be the leader. In the event that this happens already, although Federal Reserve Chairman Jerome Powell is still skeptical, at the very least, BTC may give a big boost in prices.

Improving inflation rates and lower interest rates can also be useful Bitcoin and Crypto, as well as a decrease in trade war and actual war tension. I am not sure how these people play, though, given Trump The latest procedures.

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