What is behind the rise of bitcoin this week and what are investors expecting in the future
Ahead of the inauguration of the elected president Donald Trump, which will take place on January 20, #bitcoin for the first time since December surpassed the mark of $105 thousand. The rise in the main cryptocurrency's quotes this week was the largest since November last year. According to experts, such positive price movement was made possible by Trump's intention to declare cryptocurrency a national priority, as well as a combination of macroeconomic factors.$BTC


Macroeconomics
The recovery of the bitcoin price occurred after its quotes fell below $90 thousand for the first time since mid-November 2024. As analysts explained, the drop was related to macroeconomic factors that implied a revision of investors' expectations regarding monetary policy in the USA.
However, new data released on January 15 eased investors' concerns about the macroeconomic situation, allowing "traders to focus on future catalysts related to cryptocurrencies."
This refers to the rise in inflation in the USA, recorded at 2.9% in December. After the release of this data, investors again began to expect that the Federal Reserve (#ФРС ) would lower interest rates this year.

Trump
Another part of the experts links the rise of crypto assets to Trump's upcoming inauguration, scheduled for January 20.

"The market is currently pricing in Trump's inauguration, who is optimistic about cryptocurrencies."
The thing is that many participants in the crypto market expect the elected President of the USA to start changing the political vector regarding cryptocurrencies to a more friendly one. After all, he has repeatedly stated his intention to create a "strategic reserve of bitcoin", emphasizing the importance of cryptocurrencies for the country's economic competitiveness.
In addition to this, Trump plans to issue a decree stating that cryptocurrency will be named a national priority. Currently, discussions are underway to include directives for all government institutions to review policies regarding digital assets and possibly suspend any lawsuits related to cryptocurrencies.

The potential implementation of such a policy is radically different from the actions of the previous administration. During President Joe Biden's tenure, federal agencies, including the U.S. Securities and Exchange Commission (#SEC ), filed more than 100 lawsuits against this sector, while banking regulators made it more difficult for cryptocurrency companies to work with financial institutions.

Although experts note the risks of Trump not fulfilling his election promises regarding cryptocurrencies, the market is generally optimistic, expecting decisive actions from Trump and his team.

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