is a new rally coming?
The post is a new rally coming? appeared on BitcoinEthereumNews.com.
The price of Bitcoin consistently exceeds $106,000, benefiting from the decline in the dollar index and optimism in the markets. Despite the absence of announcements on cryptocurrencies from Trump, positive signals are emerging from regulators and industry executives. Let’s see all the details in this article. The price of Bitcoin recovers after the pullback: the news on crypto regulation Bitcoin has experienced a significant rise in recent days, staying above $106,000. This recovery comes after a temporary decline that had worried many traders. The general context of the financial markets, influenced by the beginning of the new Trump administration, seems to support a positive sentiment, despite the absence of specific statements on criptovalute. On January 21, the US dollar index (DXY) continued to fall, stabilizing slightly above the 108 mark, after reaching a two-year peak on January 15. This cooling has favored not only the stock markets but also the cryptocurrency sector. Historically, a drop in the DXY is often correlated with a price increase of Bitcoin and other digital currencies. Which are perceived as valid alternatives to protect against the devaluation of fiat currency. In this context, the main American stock indices, such as the S&P 500, the Dow Jones and the Nasdaq, recorded gains of 1.21%, 0.82%, and 2.79%, respectively. These increases have been attributed to the markets’ optimism towards the pro-business agenda of Trump, which promises business-friendly policies and a possible easing of international trade tensions. The rebound of Bitcoin and the absence of crypto announcements from Trump The price of Bitcoin (BTC) gained 3.8%, reaching an intraday high of $107,240. However, it failed to surpass the all-time high of January 20 of $109,588. Many analysts believe that the rally was favored by the stabilization of the markets and the renewed interest of institutional investors. Despite the…
Filed under: News - @ January 22, 2025 1:20 am