Today, the cryptocurrency market is experiencing a significant upswing, coinciding with a positive opening of US stock markets and the inauguration of the new President.
Cryptocurrency Market Situation
The cryptocurrency market today is on the rise, alongside a positive start on US stock markets, mainly due to the inauguration of the new US President.
Bitcoin Price Indicators
Bitcoin's price is currently above $104,000, and altcoins are also seeing positive trends. Bitcoin previously reached a peak at $108,353 before a decline, and it is currently targeting the resistance level at $105,300 to set a new peak above $108,353.
Trump's Impact on the Crypto Market
The new President's support for cryptocurrencies and the potential removal of the SEC Chair create positive expectations for the market. Many anticipate that Trump's influence will lead to further growth in crypto assets.
The inauguration of the new US President brings optimism to the cryptocurrency market due to his support of digital assets and expected changes in the SEC's structure.
