Bitcoin surges to $97,000 as analysts anticipate a rally driven by Trump’s incoming crypto-friendly administration.
Bitcoin Surges Amid Pro-Crypto Signals
Bitcoin rebounded to $97,000 after dipping below $90,000 earlier this week. Analysts link the rally to President-elect Trump’s crypto policy plans.
Trump’s Day-One Crypto Focus
Sources report that Trump will issue executive orders addressing crypto “debanking” and repealing SAB 121, a regulation limiting banks’ dealings with crypto firms. The reversal of this Biden-era policy has been a key demand from industry leaders like Mike Novogratz.
Silicon Valley’s Influence
Marc Andreessen and other tech moguls reportedly urged Trump to prioritize crypto legislation. The alliance has bolstered optimism among investors.
Coinbase Legal Win Boosts Sentiment
Bitcoin’s bullish momentum received a further push from a court ruling in favor of Coinbase against the SEC, signaling a favorable regulatory shift.
Bitcoin Extends Slide, Falls Below $90K Amid Market Turbulence Read More 👉 13desk.news/bitcoin-extend… #13Desk #CryptoMarket #Bitcoin
Macroeconomic Challenges
Despite optimism, concerns over the Fed’s interest rate strategy and a strong US economy have tempered Bitcoin’s ascent since mid-December.
Price Outlook Remains Bright
Analysts remain bullish. Arthur Azizov, CEO of B2BInPay, predicts Bitcoin could hit $102,000 next month, citing the administration’s pro-crypto stance and potential softer inflation data.
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