As Donald Trump officially took office on January 20, Bitcoin‘s value soared, surpassing $105,000. This surge aligns with previous forecasts about a potential upswing in cryptocurrency prices following the inauguration. Observers are optimistic that if this trend avoids a sell-off, it could continue into the weekend.
What Weekend Trends Can We Expect?
Recent U.S. ETF data has been highly favorable for cryptocurrencies, boosting investor confidence. The lingering negativity that plagued the market since mid-December appears to be fading. Should this positive sentiment stem from Trump’s presidency, there’s potential for sustained growth during his four-year term.
Will Altcoins Benefit from This Surge?
The anticipation surrounding the power transition could lead to further price increases into Monday. Depending on the ETF data’s strength, altcoin investors may find ripe opportunities for purchasing, especially since many cryptocurrencies have yet to regain their peak values from the previous year.
– Bitcoin has exceeded $105,000 following Trump’s inauguration.
– Positive ETF data is boosting investor sentiment toward cryptocurrencies.
– Experts predict altcoins may see increased activity and price hikes.
– The U.S. stock market is also performing strongly, indicating a broader economic uplift.
Market analysts are optimistic about Bitcoin’s potential, with some projecting that the next price target could reach between $113,000 and $140,000. This could mark the beginning of a promising period for long-term cryptocurrency investments.
