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COINTURK NEWS > Bitcoin (BTC) > Bitcoin Experiences Unprecedented Rise Following Trump’s Re-election
Bitcoin (BTC)

Bitcoin Experiences Unprecedented Rise Following Trump’s Re-election

In Brief

  • Bitcoin surged to nearly $110,000 after Trump's re-election as President.

  • The Fed's policies and volatility are influencing investor behavior in the crypto market.

  • Long-term investors are liquidating portfolios, but Bitcoin shows signs of resilience.

Ömer Ergin
Ömer Ergin 5 months ago
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Following Donald Trump’s re-election as President of the United States, Bitcoin $0.000044 witnessed an unprecedented surge. Last week, the price of Bitcoin reached nearly $110,000, approaching all-time highs. However, recent fluctuations have occurred, marked by a 12% decline in prices, leading analysts to suggest that the market is in a temporary stagnation phase.

Contents
Fed’s Interest Rate Policies and the Crypto MarketETFs and the Wave of Investment in Bitcoin

Fed’s Interest Rate Policies and the Crypto Market

The Federal Reserve’s cautious stance on interest rate cuts and President Jerome Powell’s negative remarks about Bitcoin have contributed to market volatility. Powell expressed that Bitcoin reserves could promote economic instability. These statements have resulted in a retreat from Bitcoin’s record levels, drawing close attention from market participants.

The uncertainty surrounding the Fed’s interest rate decisions has bred distrust in the markets, prompting long-term investors to take profits during this period. The encountered fluctuations have increased pressure on price movements.

ETFs and the Wave of Investment in Bitcoin

In the United States, spot Bitcoin ETFs experienced a net outflow of $948.9 million after a prolonged period of calm over the last two days. Nevertheless, ETFs continue to hold 1.139 million BTC, which corresponds to 5.425% of the total Bitcoin supply. Market analysts indicate that this outflow is a result of long-term investors liquidating their portfolios to create liquidity in the market.

Experts emphasize that the recent declines do not indicate Bitcoin’s weakness. According to Swissblock analysts, these movements signal the market’s potential for recovery. The continuation of profit-taking reinforces confidence in Bitcoin’s long-term resilience, suggesting that the market may find new direction in light of the Fed’s future interest rate decisions and economic policies.

Investor behavior and economic developments in the Bitcoin market play a significant role in shaping future strategies. Therefore, it is seen as a critical necessity for market participants to act with awareness.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 23 December, 2024 - 1:14 pm 23 December, 2024 - 1:14 pm
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