With this panorama, the market remains attentive to the political and economic movements that could continue to drive the meteoric rise of the largest cryptocurrency in the world.
Bitcoin is approaching the historical threshold of $100,000 and is on track to close the week at a new all-time high. This rally is driven by the recent announcement of the resignation of Gary GenslerChairman of the United States Securities and Exchange Commission (SEC)who will leave his position on January 20coinciding with the inauguration of Donald Trump for his second presidential term.
In an official letter, Gensler highlighted the SEC’s commitment to its mission of protecting investors and ensuring transparency in the markets. However, his departure could mark a turning point in the regulatory approach towards cryptoassets.. With Trump in the White House, a more flexible posture is expected to facilitate the development of the sector and attract greater investments.
With this panorama, the market remains attentive to the political and economic movements that could continue to drive the meteoric rise of the largest cryptocurrency in the world.
What the crypto market analyzes
Since the US elections, the price of BTC has experienced accelerated growth, supported by optimism around President-elect Trump’s pro-crypto policy. According to Matt Britzman, senior market analyst at Hargreaves Lansdown, “reaching $100,000 seemed like a dream a few months ago, but now it’s a tangible possibility.”
Furthermore, Naeem Aslam, an expert at Zaye Capital Markets, sees an even more promising future: “While everyone looks at $100,000 as the key objective, the most strategic investors look beyond. If the United States expands its BTC reserves, “We could see the cryptocurrency reach US$200,000 in the medium term.”
With this panorama, the market remains attentive to political movements and economic that could continue to drive the meteoric rise of the largest cryptocurrency in the world.
Source: Ambito
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