After yesterday’s volatility, I thought that it would be good to perform a small temperature check.
Bitcoin briefly dropped below $96,000 on Monday. This morning, it’s back above that level.
Volatility seems to be here for a while, maybe until Inauguration. ETH’s moves, which follow bitcoin, took a dive before regaining steam.
After a selloff, the top AI agent, AI16z has risen 21% within 24 hours. The diversity in crypto. Cryptography is truly unique.
James Toledano, the CEO of Unity Wallet, was not concerned by Bitcoin’s abrupt drop.
“The current price action may appear concerning but for those of us who have been in the space for a long time, it is simply business as usual. It doesn’t necessarily signal the end of the bull run either,” He explained.
“The inauguration of President-elect Trump is just seven days away and could be a pivotal moment, with markets anticipating announcements of pro-crypto policies that might spark renewed buying interest. Institutional accumulation, as reflected in falling exchange reserves also supports the view that demand remains strong despite low trading volumes.”
John Glover from Ledn told us we could see a big run in the last few weeks. Glover predicts that bitcoin will move between 20-30% higher over the next couple of weeks.
Please be patient. We are only one week away from the start of a new administration.
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