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Donald Trump’s inauguration may no longer be a sell-the-news event for Bitcoin, K33 says

Initially, K33 analysts anticipated a sell-off of Bitcoin at Trump’s inauguration, believing misinformation about expected pro-crypto policies would trigger market adjustment. However, given current inflationary rhetoric and evolving market dynamics, selling Bitcoin at the inauguration is becoming less appealing.

Bitcoin reached a peak of over 108,000 USD on December 17, 2024, before declining almost 18% to around 89,000 USD. As of now, it recovers slightly and trades at 96,793 USD. Analysts suggest that Trump’s second term may continue to exert a bullish long-term influence on Bitcoin.

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