A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin (BTC) trades below $100,000.
Bitcoin analysts are expecting a BTC recovery above $105,000 in the short term, as investor interest may return after the Christmas holidays, putting an end to the lack of liquidity.
The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.
A cautious Federal Reserve policy outlook tempered optimism sparked by Donald Trump's embrace of the crypto sector.
Cryptocurrency markets have soared since Donald Trump won the U.S. presidential election in November. The asset climbed from $69,374 on Election Day, hitting as high as $106,490 last week, largely accelerated by Trump's win and his pledge to make the country "the crypto capital of the planet."
The crypto asset was down over 9 percent as of money, following a surge in price after President-elect Donald Trump's win.
President-elect Donald Trump congratulated the cryptocurrency community on Bitcoin's (CRYPTO: BTC) new all-time highs on Sunday even as the leading cryptocurrency posted its first weekly decline since his victory last month.
Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day.
Center for Monetary and Financial Alternatives at Cato Institute - discusses crypto, strategic Bitcoin reserves, and Fed’s framework review