The inauguration of Donald Trump as the 47th President of the United States is scheduled for today, January 20, 2025, at 12 p.m. EST.
Donald Trump's inauguration as the 47th President of the United States will take place today, January 20, 2025, at 12 p.m. EST. The ceremony will be held indoors in the Capitol Rotunda due to anticipated cold temperatures. Performances by Carrie Underwood, Christopher Macchio, and Lee Greenwood will highlight the event.
According to market analysts, the unexpected increase in Bitcoin's price today is attributable to optimism regarding favorable cryptocurrency policies under the new administration. Of course, the main hope is that Trump will announce a Strategic Bitcoin Reserve. Additionally, there is encouraging news for XRP holders, as a Crypto Reserve of American crypto coins, such as Ripple's XRP and Solana, is anticipated.
Bitcoin reached a new all-time high of $108,893 early Monday morning, Source Brave New Coin BLX
Earlier reports indicate that President-elect Trump may issue executive orders aimed at reducing regulatory barriers and promoting digital assets. Furthermore, the potential nomination of pro-crypto former SEC Commissioner Paul Atkins as chair of the Securities and Exchange Commission has bolstered market confidence.
Cryptocurrency investors are paying close attention to potential policy shifts. The anticipation of executive orders promoting digital assets has contributed to the massive bullish sentiment in the crypto market. Analysts predict that Bitcoin's price could reach up to $400,000 in 2025, driven by favorable cryptocurrency policies anticipated from the incoming administration, including the establishment of a strategic Bitcoin reserve, and The Trump Pump.
As the inauguration progresses, market participants will closely monitor the administration's policy directives, especially those related to the cryptocurrency sector, to assess their potential impact on financial markets.
For now, enjoy the new Bitcoin all time high. The bull run is just getting started.
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