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🚀 Will Trump Usher in a Crypto Revolution?

According to The Washington Post, Donald Trump’s transition team is reportedly collaborating with cryptocurrency leaders to lay the foundation for bold crypto policies. On his first day back in office, Trump is expected to issue executive orders addressing critical cryptocurrency-related concerns.

One major focus could be repealing a controversial accounting rule that forces banks to treat crypto assets as liabilities on their balance sheets. This move, alongside the establishment of crypto-friendly policies for bankless and crypto asset-backed banks, signals a pro-crypto stance aimed at untangling the “bureaucratic swamp.”

A key highlight: Trump’s team is prioritizing a national Bitcoin reserve. The draft order, prepared by the Bitcoin Policy Institute, outlines a $21 billion Bitcoin investment plan, positioning it as a strategic reserve asset. A spokesperson for Trump’s transition team affirmed, “President Trump will fulfill his promise to promote American leadership in crypto.”

Crypto-friendly selections, such as the appointment of Paul Atkins as SEC Chairman and other pro-tech individuals to key positions, reflect this administration’s commitment to fostering blockchain innovation and protecting crypto investors.

💎 Will Crypto Markets Rally Under Trump?

Despite recent volatility, market sentiment remains cautiously optimistic. Bitcoin (BTC) has rebounded significantly, currently trading near $95,000 with a 3% daily gain. Trump’s anticipated crypto-friendly policies could provide the spark needed for a sustained market rally.

🌟 Key Market Insights:
1. Federal Reserve’s Hawkish Stance: Potential interest rate adjustments may temporarily slow institutional Bitcoin purchases.
2. Liquidity Concerns: Declining global liquidity, particularly in USD, suggests Bitcoin could enter a consolidation phase.
3. Technical Indicators: Overbought signals and the emergence of a monthly shooting star pattern hint at the potential for a short-term pullback.

While cautious optimism is essential, 90000-92000 serves as a critical support level, and a rebound towards 98000 is possible. However, if macroeconomic data disappoints, the market could face increased pressure—but intervention by the Federal Reserve may offer relief.

🔥 What’s Next for BTC and ETH?
• BTC: Expected rebound from strong support levels. Short-term resistance at $100,000 remains a key target.
• ETH: Following BTC’s trajectory, ETH is gradually recovering, with potential resistance near $3,400.
• Macro Events: CPI and PPI data, along with the Federal Open Market Committee (FOMC) meeting, could significantly influence crypto movements.

📊 Final Thoughts

Donald Trump’s crypto-forward agenda and strategic appointments have sparked a wave of optimism in the industry. From regulatory clarity to building a national Bitcoin reserve, these initiatives could cement the United States’ position as a global leader in cryptocurrency.

Will this mark the beginning of a new crypto bull market? The stage is set, and the answer may come sooner than expected.

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