King cryptocurrency The unit continues to remain above 100 thousand dollars on the last business day of the week. Donald Trump and Eric Trump’s Bitcoin during the week $100,177.5 His positive statements about the company significantly increased investors’ risk appetite. BTC price normalizing six-figure prices.
Bitcoin (BTC)
Trump, who will take office on January 20, said:crypto- “We will do great things with money,” he said. Optimism about January is getting stronger, both because he is meticulous about cryptocurrencies when forming his cabinet and because of his frequent positive statements about crypto.
With Trump taking office, the SEC and CFTC Presidents will change and be replaced by crypto-friendly names. Republicans, who are strong in both the Senate and the House of Representatives, will take rapid steps in terms of cryptocurrency regulations. Beyond this, the possibility of the SEC’s new administration approving spot ETF applications such as XRP, SOL, ADA has also increased.
With the positive CPI data coming this week, cryptocurrency investors are comfortably heading towards the December 18 Fed meeting. If we can see closures above $ 101,500 for BTC, we can see a new period of activity in which $ 104 thousand is tried to be exceeded again. It would not be surprising if the target of 120 thousand dollars is approached before the end of the year.
Contrary to popular belief, QCP Analysts think that BTC will experience less upward movement until the end of the year. However, due to the major developments expected in January, it is possible for the markets to price in the expectation as the date of January 20 approaches.
Altcoins Comment
The total market value of cryptocurrencies weakened slightly, but ETH price It continues to linger at the $3,900 level. Volumes decreased from 300 billion dollars to 200 billion. The earnings record among the top 100 cryptocurrencies in the last 24 hours was VIRTUAL, with an increase of 28%.
LDO And AAVE Positive divergence due to various assets such as. Grayscale will launch an ETP for LDO, while AAVE rose due to the token purchase of Trump’s WLFI initiative. The reason for yesterday’s rise in LINK and ETH prices was the altcoin purchases made by Trump’s DeFi platform.
The biggest loss on the daily was for MOVE, BEAM, ALGO, XDC, TAO and BGB, with a decrease of nearly 10 percent. Depending on BTC price performance, we may see double-digit increases for altcoins at the end of the week, and the situation of BTC in the following hours will be decisive in this regard.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
