• Bitcoin’s market buzz intensified ahead of Trump’s inauguration, signaling a pivotal moment for investors
• Crypto market cap declined by over 3% in the last 24 hours

As the crypto market gears up for a historic moment, Bitcoin investors are closely watching the upcoming inauguration of Donald Trump on 20 January 2025. Known for his recent shift towards pro-crypto policies, Trump’s second term could herald significant changes for the cryptocurrency landscape.

The market is abuzz with speculation about whether this political event will trigger a new rally for Bitcoin or result in short-term profit-taking.

Market optimism surrounding Trump’s inauguration

Donald Trump’s second term as U.S. President has reignited optimism in the cryptocurrency market. His pro-crypto position, a sharp departure from his earlier skepticism, has raised expectations for policies that could favor digital assets. Following Trump’s victory in the 2024 elections, Bitcoin rallied significantly, crossing $73,000 to climb as high as $108k as investor confidence grew.

This optimism stems from the potential for clearer regulatory frameworks and greater institutional adoption under his administration. Such factors have led to heightened speculation that Bitcoin’s rally might extend further, especially in the backdrop of better institutional participation.

Bitcoin’s post-election performance and investor sentiment

Since Trump’s 2024 victory, Bitcoin’s price has surged past $90,000, reflecting strong investor sentiment. Institutional inflows have played a pivotal role, with approval of Bitcoin spot ETFs serving as a catalyst for bullish momentum.

On-chain data, such as net outflows from exchanges, indicated s

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Author: Adewale Olarinde