Donald Trump, president-elect of the United States, has won over many investors in bitcoin (BTC) and cryptocurrencies by making numerous promises that, if fulfilled, would greatly benefit the industry.
As CriptoNoticias has shown, among these promises is the creation of a strategic national reserve in bitcoin and the promotion of favorable regulations for the development of cryptocurrency mining.
With exactly two weeks left until Trump’s “coronation”, which will be on January 20, BTC goes into bull mode again and surpasses $100,000.
The following graph, provided by TradingViewshows the behavior of BTC from November 1, 2024 until the time of this publication:
What’s coming for bitcoin in the coming days? Many analysts They are already “singing victory” and They believe that a strong ‘bull run’ is starting here. It is possible.
But also BTC (and all financial markets) have likely entered 2 weeks of high volatilityas investors and traders will be attentive to any statement from Trump or any news about his first government measures.
If there is favorable news for the financial markets, the prices of BTC, cryptocurrencies and stock stocks will rise. On the other hand, if Trump says or does something that the market does not like (or even if something, anything, happens that calls into question Trump’s ability to assume the presidency) the asset price could collapse as quickly as it rose. .
Be that as it may, the next few days will possibly be days of large liquidations in the cryptocurrency futures markets. It is advisable that every trader or investor be clear about their investment goals and carry out adequate risk management.
Altcoins rise like a rocket
As usually happens, the rise of bitcoin wakes up cryptocurrencies.
At the time of this publication, the altcoins with the highest rise in the last 7 days (within the top 100 by market capitalization) are SPX6900 (SPX), Fartcoin (FARTCOIN) and AIOZ Network (AIOZ).
Due to the lower market capitalization of altcoins, their movements both up and down are usually much more “violent” than those of bitcoin.
