Bitcoin continues to trade below the $99,000 mark despite the opening of U.S. markets.
Expectations for Cryptocurrency Growth
Donald Trump has clearly stated his intention to lower interest rates, supported by members of the Federal Reserve. This could potentially lead to a decrease in rates amid ongoing sales. However, some Fed members insist on continued tightening. Trump also aims to suppress energy prices by increasing supply.
Altcoin Trends and Analysts
Analyst Moustache expresses satisfaction with the critical support level established on the TOTAL3 chart, which previously served as resistance. Popular cryptocurrency analyst DonAlt advises calmness in the market, emphasizing the need for a three-day candle to shift market sentiment.
Market Impact and Further Steps
Analyst Jelle remains optimistic despite ETF outflows, expecting a closing above $100,000 soon. Trump is expected to sign new orders shortly, which could further influence the market.
While the cryptocurrency market is experiencing tense moments, potential changes in policy and economy may bring optimism back to investors.
