CandleFocus Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders
2025-01-16
Author: Content Editor
Crypto traders are optimistic that bitcoin will surpass its record highs as President-elect Donald Trump's inauguration approaches. The price of bitcoin has risen 11% in recent days, reaching over $100,000 at one point. The anticipation of a potential pro-crypto announcement from Trump on his first day in office has fueled market optimism. The bullish forecast is consistent with a rally in traditional assets, and Trump's past support for digital assets has also contributed to the positive outlook. Traders expect volatility in the coming week as announcements related to crypto regulation and the creation of a strategic bitcoin reserve are anticipated.
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