The Impact of January 20th on Bitcoin and Cryptocurrency Markets

Coin-Turk 9 months ago 146

The price of Bitcoin (BTC ($104,219.00)) $92,049 has plummeted to levels not seen for nearly 60 days, turning the day into a nightmare for traders. While the reasons for this drop have been discussed for days, the decline became even more pronounced due to panic selling. Now, January 20th is emerging as a date of significant importance for cryptocurrencies. But why is this date more critical?

Trump, Cryptocurrencies, and January 20

On January 20th, Trump will officially take office for a four-year term. With almost two years until the elections for the Senate and the House of Representatives in November 2026, the Republicans will hold the majority in both chambers. This situation significantly strengthens Trump’s hand regarding cryptocurrency regulations.

However, according to a recent report by the WSJ, there is more to it. On the day Trump takes office, he is expected...

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