Falling to levels not seen in almost 60 days Bitcoin (BTC) $92,802.9 price It turned the day into a nightmare for investors. The decline was not surprising as we have been discussing the reasons for days, but the bottom deepened with the addition of panic sales. Now, January 20 becomes more meaningful. But why has it become more important for cryptocurrencies?
Trump, Cryptocurrencies and January 20
Trump will officially take office on January 20 and will remain in office for 4 years. Republicans will be the majority in both the Senate and the House of Representatives for almost 2 years until the elections for the Senate and the House of Representatives to be held in November 2026. This literally strengthens Trump’s hand for cryptocurrency regulations.
But according to the latest report published by WSJ, there is more. When Trump takes office on January 20, he will issue decrees regarding cryptocurrencies. Cryptocurrencies, which had an important place in his election promises, played a role in Trump’s victory.
Administrative orders begin to be issued on the first day cryptocurrency It may create a festive atmosphere in the markets next week. We may see increased pressure on crypto companies, or the withdrawal of the new SEC administration from crypto cases other than fraud, and many other breaking news in the coming weeks.
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.
