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Raju Kumar
Asked: 2024-03-23T23:00:01+05:30 In: ,

When crypto will go up?

When crypto will go up?
Cryptocurrency
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    1. Cryptocurrency

      As of January 20, 2025, the cryptocurrency market is experiencing significant growth, influenced by recent political developments and market dynamics.

      Bitcoin’s price has surged past $100,000, reaching an intraday high of $109,299.

      This increase is partly attributed to President Donald Trump’s inauguration and his administration’s pro-cryptocurrency stance. President Trump has expressed intentions to support the cryptocurrency industry through potential executive orders, including establishing a U.S. crypto stockpile and implementing favorable regulations.

      Additionally, the cryptocurrency market is influenced by Bitcoin’s four-year halving cycle, which reduces the rate of new coin creation and historically leads to price increases. The most recent halving occurred in April 2024, contributing to the current bullish trend.

      Ethereum (ETH) is also experiencing growth, with a current price of $3,313.3. The broader market’s positive momentum and increasing institutional adoption are contributing factors.

      While the current outlook is optimistic, the cryptocurrency market remains volatile. It’s essential to stay informed about policy changes and market trends, as these can significantly impact asset values.