Bitcoin surge before inauguration?
The self-styled crypto Donald Trump’s return to the White House on January 20 could trigger a major Bitcoin rally, with rumors of executive orders aimed at boosting the crypto sector.
Bitcoin is approaching the $100,000 mark after rising over 2% in the last 24 hours.
Some analysts also believe government support could reduce the reputational risk for public companies adopting Bitcoin, potentially some of the biggest companies in the world like Meta, Amazon, and Apple—whose CEOs are currently cozying up to Trump.
Still, risks linger. Standard Chartered warns a drop below $90,000 could lead to ETF sell-offs, pushing prices to the low 80K range.
Bitcoin is approaching the $100,000 mark after rising over 2% in the last 24 hours.
Some analysts also believe government support could reduce the reputational risk for public companies adopting Bitcoin, potentially some of the biggest companies in the world like Meta, Amazon, and Apple—whose CEOs are currently cozying up to Trump.
Still, risks linger. Standard Chartered warns a drop below $90,000 could lead to ETF sell-offs, pushing prices to the low 80K range.
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