Due to the strong U.S. economy and the bullish monetary policy of U.S. President-Elect Donald Trump’s cabinet. Investors are placing bets on the prospect of a longer break before any changes to the federal reserve rate. Many in the industry remain hopeful even in the rising cryptocurrency market. Treasury yields have tempered some of the excitement surrounding digital currency.
Trump’s Crypto Promises Lead to Market
See also President-ele Donald Trump’s recent foray into the digital asset. Arena and his promises, such as creating a Bitcoin reserve for the U.S. Treasury and transforming the United States into a crypto-friendly nation, are the main causes of the sharp market correction experienced by AI tokens. Additionally, Trump pledged to undo the anti-crypto laws that.
Trump’s proposed tax, immigration, Cryptocurrency market,t and tariff policies have heightened tensions and created economic uncertainty ahead of his January 20th inauguration. Powell clarified during the most recent meeting that the committee was attempting to determine the possible ramifications of Trump’s actions and the impact of tariffs on national inflation.
Bitcoin Faces Decline, Experts Predict
The greatest digital asset in the world is now trading. At $94,822, down 12.3% from its peak of $108,135, achieved on. December 17th of last year, according to statistics from the cryptocurrency price tracking website CoinGecko. The digital asset has increased by 1.5% in the last day but has decreased by 6.8% during the last seven days.
Also see Bybit suspending trading operations for Indian consumers due to regulatory pressuresExperts like Alice Liu, Research Lead at CoinMarketCap, think 2025 will be the year that Bitcoin becomes widely accepted, despite the early-year macro challenges. Liu said in an interview with Scot Melker that following Trump’s inauguration, the cryptocurrency market would experience another boom.
Crypto Faces Decline Amid Fed’s Hawkish Approach
A lot of astute investors are optimistic about the state of cryptocurrency in 2025. Tech giant andAs to the report by Bloomberg, Bitcoin saw a temporary decline below $90,000 on Monday. Ahead of Monday’s rebound, it saw its largest decline since January 1 and was down almost 5% for the month. Ether and other cryptocurrencies are still struggling to turn a profit this month.
According to the research, the uncertainty around the Federal Reserve’s policy adjustments is what caused the crypto crash. Investors think the Fed’s window for additional interest rate decreases is limited. The chair of the Federal Reserve, Jerome Powel, declared at the most recent meeting of the Federal Open Market Committee (FOMC) that the U.S. central bank will take.
Summary
The article talks about the current volatility in the cryptocurrency market, which has been caused by a number of things, including the pledges made by U.S. President-Elect Donald Trump about Bitcoin and legislation that supports it. Trump has promised to undo anti-crypto policies from the Biden administration and establish a Bitcoin reserve for the US Treasury.
Global markets have been impacted by the Cryptocurrency market and the economic uncertainties brought about by his immigration and tax plans. At $94,822, Bitcoin is currently down 12.3% from its high price. Experts, however, are upbeat about the future and believe 2025 will be a pivotal year for the general adoption of Bitcoin. Concerns regarding the Federal.
