The political situation plays an important role in the stability of financial markets, including cryptocurrencies like Bitcoin$BTC
. Recently, the price of Bitcoin has seen a significant increase, reaching $103,671.49, with a change of 4.59% in one day. This increase is attributed to several factors, including ¹:
- *Political changes in the United States*: Donald Trump's victory in the U.S. presidential elections provided a strong boost to the markets, with falling gold and oil prices against the strength of the dollar. Trump pledged to make the United States "the global capital of Bitcoin and cryptocurrencies".
- *Monetary policies*: The intention of the chair of the U.S. Securities and Exchange Commission, Gary Gensler, to leave his position next January may enhance confidence in the cryptocurrency market.
- *Demand for digital currencies*: A proposed bill from Republican Senator Cynthia Lummis to establish a strategic reserve for Bitcoin could lead to a massive increase in demand for the digital currency.
*Performance of other cryptocurrencies*:
- *Bitcoin Cash*: The price of Bitcoin Cash rose by 1.86% to reach $454.10.
- *Wrapped Bitcoin*: The price of Wrapped Bitcoin increased by 4.49% to reach $103,585.25 ² ³.
*Investment risks in cryptocurrencies*:
- *Sharp volatility*
- *Legal and regulatory risks*