After Donald Trump was officially inaugurated on January 20, Bitcoin’s value skyrocketed to over $105,000. The surge is in line with previous predictions that crypto prices could rise after the inauguration. Observers are optimistic that this trend could continue into the weekend if it avoids a decline.
What trends do you expect over the weekend? Will altcoins benefit from this surge?
What trends can we expect over the weekend?
Recent US ETF data has been very favorable for cryptocurrencies, increasing investor confidence. The lingering negative atmosphere that has plagued the market since mid-December appears to be fading. If this positive sentiment stems from President Trump’s term in office, we could see sustained growth during his four years in office.
Will altcoins benefit from this rally?
Expectations around the power transition could lead to further price increases into Monday. Depending on the strength of the ETF data, altcoin investors may find a great buying opportunity, especially since many cryptocurrencies have yet to regain their previous year highs.
– After President Trump took office, Bitcoin rose above $105,000.
– Investor sentiment towards cryptocurrencies is increasing due to strong ETF data.
– Experts predict that altcoin activity will increase and prices may rise.
– The U.S. stock market is also performing well, pointing to a broader economic upswing.
Market analysts are optimistic about Bitcoin’s potential, with some predicting the next price target could reach between $113,000 and $140,000. This could be the start of a promising period for long-term crypto investing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies can be volatile and risky and should conduct their own research.
Source: https://en.bitcoinhaber.net/bitcoin-soars-as-trump-assumes-presidency
