In summary, the surge in Bitcoin and altcoins caused by Donald Trump's victory in the presidential race has lost momentum as the new year approached. Analysts believe that the cryptocurrency market is moving away from the Trump narrative, and the strengthening of the US dollar and hawkish statements from the Fed have put downward pressure on Bitcoin. However, analysts still hold a bullish outlook for Bitcoin in the long term, despite potential short-term declines due to the cautious stance of the Federal Reserve and uncertainties surrounding Trump's economic policies. Additionally, the potential positive effects of pro-crypto legislation may not be immediate, as Congress is expected to prioritize other issues in the next three months.



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