$BTC

Despite the recent volatility, Bitcoin remains above $100,000, supported by expectations of a more favorable regulatory environment under the new presidential administration in the US. However, the lack of specific mentions of cryptocurrencies in the initial presidential actions has led some investors to adopt a more cautious stance.

Still, following the recent election of Donald Trump as President of the United States, the cryptocurrency market has experienced significant movements. The price of Bitcoin reached an all-time high of $109,071 on Monday, although it subsequently retraced to $102,546.13 on Tuesday.

On his first day in office, President Trump did not mention cryptocurrencies in his initial policies, which generated some disappointment among investors who were hoping for favorable measures for the sector. However, the US Securities and Exchange Commission (SEC) announced the formation of a new working group dedicated to developing a clear regulatory framework for digital assets. This group will be led by Commissioners Mark Uyeda and Hester Peirce, both Republicans, and aims to provide precise guidelines and promote the adoption of digital assets.

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