Following Donald Trump's election victory and the Federal Reserve's rate cut, cryptocurrencies are on the rise. Investors are primarily focused on the anticipated growth of Bitcoin.
Impact of the Fed's Decision on Cryptocurrencies
The Fed's 25 basis point interest rate cut has sparked activity in the cryptocurrency market. This macroeconomic event has acted as a catalyst for the rise of Bitcoin and altcoins. Cardano, in particular, showed a significant increase of 16.9% in the last 24 hours.
Market Expectations and Forecasts
Investors are anticipating that Bitcoin's price will soon reach $100,000. Commentators point out that the symbolic nature of this figure makes it the next major level of interest. There is speculation that, in the long term, the US could add Bitcoin to its reserves.
Expert Analytical Opinions
Analysts are discussing the potential for Bitcoin to rise to $100,000-$110,000 in the coming months. FxPro analyst Alex Kuptsikevich notes that Bitcoin needs to consolidate its market position before the next rally.
The cryptocurrency market is reacting to recent political and economic events. Investors and analysts are closely monitoring the situation, expecting new heights for Bitcoin and other digital assets.
