Some information related to the macroeconomy and the situation in the United States influenced the price of bitcoin (BTC) to fall below USD 100,000 this week.
The decline occurred amid the enthusiasm generated by the upcoming inauguration of Donald Trump as president of the United States. The optimism of the ecosystem for the arrival of the Republican to the White House fuels hopes that BTC will rise again and that break its all-time high again. This, due to the promises that the president has made for the sector.
There are several officials who will assume key positions in Trump’s new cabinet, including those who will head the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in order to regulate the ecosystem. Already the outgoing presidents of these organizations (Gary Gensler and Rostin Behnam) they submitted their resignation.
Meanwhile, there is growing market interest in Ripple’s new stablecoin and several countries are willing to create reserves in bitcoin – including legislators from Chile -. All this while the government of El Salvador remains firm and continues adding BTC to your treasure.
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