Surprise for crypto market coming ✍️
Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Friends, investors are waiting for the U.S. presidential inauguration on January 20th, when Trump’s government will take power. Historically, when a new government comes into power, it impacts Bitcoin, Ethereum, and other altcoins positively. For example, after past inaugurations in 2013, 2017, and 2021, Bitcoin saw massive rallies, with increases up to 8000% and 128%.
This time, the government is more crypto-friendly, and if Trump wins, we could see significant growth in Bitcoin. Ethereum also showed strong gains in previous years after inaugurations. The dollar's strength (DXY) is also important, as a weakening dollar usually leads to growth in risky assets like crypto. In conclusion, historical trends suggest that the markets, especially crypto, perform well after a new government takes power. That's it for today. Thanks & have a good day!!