The largest economy in the United States is witnessing positive developments in the cryptocurrency sector. Expectations are rising regarding potential policies from Donald Trump.
Executive Order Expectations
According to Bloomberg, President-elect Donald Trump may issue an executive order making cryptocurrencies a national priority. This could establish an advisory board to advocate for the political objectives of digital assets.
Response from the Crypto Industry
Trump has shifted from his previously negative stance on cryptocurrencies, embracing the industry. This change has raised expectations that regulations will ease, promoting the widespread adoption of digital assets. The crypto industry hopes the Trump administration will fulfill its promises starting January 20.
Current Market Trends
Bitcoin is trading at a slight discount on the Coinbase exchange compared to the global Binance platform. This discrepancy indicates a decline in demand in the U.S. While Bitcoin saw significant gains in November and December, driven by American investors, similar increases are not currently observed. The current price of Bitcoin is $101,600, with fluctuations between $90,000 and $108,000 since mid-December, indicating stability in the crypto market.
These developments in the cryptocurrency market are significant for investors eagerly awaiting the impact of Trump’s policies on the sector. Fluctuations in the crypto market and Trump’s potential policies remain critical factors for investors to monitor closely.
