Get ready for a roller coaster week in the crypto world! Bitcoin is holding above the $100,000 mark, but with big events planned, that could change quickly. From Trump’s pro-crypto policies to global economic changes, here’s what’s making waves and why it matters for your wallet.
Donald Trump’s Crypto Push: Will It Spark a Rally?
Donald Trump officially takes office this week, and his promises to prioritize crypto are already generating buzz. He is expected to sign executive orders aimed at easing regulations, including repealing the SEC’s controversial SAB 121. The move could make it easier for banks to hold cryptocurrencies, potentially paving the way for wider adoption.
Investors are excited, but with markets closed Monday for the Martin Luther King Jr. holiday, the real action begins Tuesday. Trump is expected to issue many executive orders and experts believe that crypto will be Trump’s top priority since he himself launched a memecoin and openly adopted it.
As the holidays approach, Trump’s true impact will be seen on Tuesday, one crypto user wonders if Trump’s policies are sparking another rally, or if it will be a ‘sell the news’ moment “.
Unemployment claims: an indicator of the health of the economy
Moving to the fear side, Thursday’s jobless claims report will give us insight into the US job market. If claims increase, it signals economic difficulties, which could hurt spending and consumer confidence. This will be a vital event for crypto investors because when people tighten their wallets, investments in Bitcoin and other assets often take a back seat.
Japan’s big decision: a rate hike could shake things up
We saw the global crash last time the BoJ increased its interest and once again all eyes are on the Bank of Japan (BOJ) this Wednesday. If they raise interest rates, it could send shockwaves through global markets, including crypto. Rising rates would disrupt liquidity, especially for traders using the yen to invest in higher-yielding assets like Bitcoin.
Liquidity increases, yes?
As the world awaits Trump’s inauguration, trouble could loom for crypto if the BOJ decides to hike rates. Some analysts even predict a sharp drop in BTC if this happens.
Consumer confidence: the final test of the week
The U.S. Consumer Confidence report on Friday will show how people feel about their finances and the economy. A positive outlook could boost Bitcoin purchases, while negative vibes could push investors toward safer options.
On the crypto front, the market is seeing a short-term rally, with Bitcoin hitting an ATH of $109,114.88 after settling at $109,000. Trump is staging a major bull rally, although feelings are mixed and anything can change at this point.
However, this week is full of events that could shake things up. Whether you’re bullish or bearish on Bitcoin, it’s time to stay vigilant: this is a week you don’t want to miss!
