CandleFocus What’s the Next Event That Could Send Bitcoin Price Skyrocketing After the Trump Rally? “Sky Could Be the Limit,” Says Analyst
2024-11-19
Author: Content Editor
Bitcoin's post-election rally has slowed down after a 36% gain following Donald Trump's victory. Analysts cite uncertainty in monetary policies and investor caution as reasons for the slowdown. Fed Chairman Jerome Powell expressed concerns about inflation despite progress being made in reducing it. Market experts are optimistic about Bitcoin's long-term prospects, with some suggesting it is in the early stages of a major bull run. The incoming administration is seen as more crypto-friendly, but appointments and the possibility of a national bitcoin reserve remain uncertain factors.
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