Bitcoin is experiencing significant price action, reaching 107,701 USD this week. With Trump’s inauguration serving as a catalyst, there are rumors of a strategic Bitcoin reserve announcement which could influence market directions. In addition, exchange reserves are at their lowest since 2018, highlighting limited availability.
The atmosphere surrounding Trump’s presidency is contributing to heightened volatility in the cryptocurrency market. The rise of Trump-related memecoins has added an extra layer of unpredictability, leading traders to anticipate further fluctuations in BTC prices in the coming days.