Donald Trump

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoin-prices-surge-following-positive-developments/" data-wpel-link="internal">Bitcoin and Altcoin Prices Surge Following Positive Developments</a> 
The <a href="https://en.coin-turk.com/ali-martinez-predicts-significant-rise-for-dogecoin/" data-wpel-link="internal">cryptocurrency market</a> remains buoyant as Bitcoin sustains its position above $100,000. Throughout the week, positive statements from Donald Trump and Eric Trump regarding Bitcoin have significantly increased market confidence. The BTC price is normalizing within six figures, indicating a robust interest from the trading community. 
<h2 style="text-align: justify" id="outlook-for-bitcoin-btc">Outlook for Bitcoin (BTC)</h2> 
As Donald Trump prepares to assume the presidency on January 20, he has expressed intentions to accomplish great things with cryptocurrencies. His meticulous approach to forming a cabinet, coupled with frequent positive remarks about digital currencies, has fostered optimism for the month of January. 
With Trump’s presidency, it is expected that the heads of the SEC and CFTC will be replaced by crypto-friendly individuals. The Republican majority in both the Senate and the House of Representatives is likely to lead to swift actions regarding cryptocurrency regulations. Furthermore, the new SEC administration may enhance the likelihood of approving spot ETF applications for XRP, SOL, and <a href="https://en.coin-turk.com/cardano-faces-a-challenging-market-with-significant-price-retreat/" data-wpel-link="internal">ADA</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-414394 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-13_11-55-09.png" alt="" width="1814" height="836"> 
The positive consumer price index data this week allows cryptocurrency investors to move confidently towards the Federal Reserve meeting on December 18. If Bitcoin closes above $101,500, a period of renewed activity could emerge, potentially pushing prices beyond $104,000 before the year ends, with a target of $120,000 within reach. 
<h2 style="text-align: justify" id="altcoin-analysis">Altcoin Analysis</h2> 
Although the total market value of cryptocurrencies has slightly weakened, ETH continues to hover around the $3,900 mark. Trading volumes have dropped from $300 billion to approximately $200 billion. In the past 24 hours, the standout performer among the top 100 cryptocurrencies was VIRTUAL, which surged 28%. 
Assets like LDO and AAVE have differentiated positively due to various factors. AAVE has seen gains due to Trump’s WLFI initiative, while Grayscale is set to launch an ETP for LDO. The recent uptick in LINK and ETH prices can also be attributed to <a href="https://en.coin-turk.com/arbitrum-investors-face-declining-prices-and-uncertainty/" data-wpel-link="internal">altcoin</a> purchases made by Trump’s DeFi platform. 
The largest daily losses were observed in MOVE, BEAM, ALGO, XDC, TAO, and BGB, which fell close to 10%. Depending on Bitcoin’s performance, altcoins may experience double-digit increases over the weekend, with Bitcoin’s status playing a crucial role in determining market movements. 
The post <a href="https://en.coin-turk.com/bitcoin-and-altcoin-prices-surge-following-positive-developments/" data-wpel-link="internal">Bitcoin and Altcoin Prices Surge Following Positive Developments</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin and Altcoin Prices Surge Following Positive Developments

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