Bitcoin has returned to trading above $101,000, reigniting optimism in the market.
The proximity of Donald Trump's inauguration, scheduled for 14 days, has generated positive expectations due to his promises for the cryptocurrency sector.
Trump's promises and impacts on the crypto market:
1. Bitcoin Strategic Reserve
• Promise: To maintain 100% of Bitcoins held by the US government and evaluate new acquisitions.
• Impact: Reinforces institutional trust, potentially increasing demand and value.
2. Resignation of the SEC Chairman
• Promise: Replace Gary Gensler with a pro-crypto leader.
• Impact: More favorable regulations can attract investment and boost innovation.
3. Cryptocurrency Advisory Board
• Promise: Create a group of experts to guide crypto policies.
• Impact: Generates regulatory clarity and strengthens sector growth.
4. Opposition to a CBDC
• Promise: Prevent the creation of a Central Bank Digital Currency (CBDC).
• Impact: Benefits decentralized cryptocurrencies and protects the digital market.
5. Encouraging mining in the US
• Promise: Prioritize Bitcoin mining on American soil.
• Impact: Strengthens local industry, generating jobs and attracting investment.
6. Release of Ross Ulbricht
• Promise: Reduce Silk Road founder's sentence.
• Impact: Demonstrates a more flexible stance on legacy cases involving cryptocurrencies.
Economic events this week:
• Wednesday (8):
• 4:00 p.m.: Release of FOMC Minutes, with signals on monetary policies.
• Friday (10):
• 10:30 am: December US Payroll Report, assessing the labor market and economic decisions.
The combination of Trump's promises and economic data could increase market volatility.
Investors should monitor the coming days, which promise to be decisive for the crypto sector.
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