Cryptocurrency market surprised itself Monday by the sudden rise of Bitcoin. fell below $90,000 It is a drop of a considerable amount. In fact, this is a continuation of a relatively unexceptional year-to-date. But things will soon turn around. How high will Bitcoin (BTC) go after Donald Trump becomes US president?
Many have been disappointed by the performance of assets in the 13 first days of January. Indeed, CoinShares researchers Recently, it was announced that “post-US election honeymoon is over.” Can the top crypto gain from Trump’s return to the White House? How much can it rise from its current level?
JUST IN: Bitcoin falls under $90,000 pic.twitter.com/kvxtomyaCW
— Watcher.Guru (@WatcherGuru) January 13, 2025
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Bitcoin drops below $90,000. Can BTC surge from Trump effect once more?
The year 2024, which will be remembered as the most significant in Bitcoin history, is going to be recorded forever. It became the United States’ first ever crypto-based ETF back in January. In 11 months, the price of bitcoin surged into six figures for first time ever. The US Presidential election was a major factor.
In fact, it is likely that the power change from Joe Biden to his successor will have major ramifications on the crypto market. The leading cryptocurrency should be the most affected. It is now the question of how high Bitcoin (BTC), can go. Trump What if the President takes up office again?
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Bitcoin fell by 9.45% over the last thirty days. CoinMarketCap. BTC has also recovered from its 89,000-dollar drop, with a drop of 8% in just one week. It is currently trading at 91800 dollars. The toke will likely surge over the next few days, or weeks.
The cryptocurrency market forecast platform CoinCodexBitcoin will have an expected average price of $107 in January. But they still predict BTC to reach its all-time peak of $122,056 in 2025’s first month. This project will result in a jump of more than 32.5% for the BTC asset.
Trump’s White House visit should make a big difference for Bitcoin. He is expected to make a huge impact on the integration of Bitcoin into America. It was a major part of the campaign that the 47th President pledged a BTC reserve. In fact, this would cause the asset to skyrocket in value.
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Source: watcher.guru
