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[Analysis] "Virtual Asset Market, Possibility of Bullish Trend After Trump's Inauguration"

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Suehyeon Lee
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  • It was predicted that the virtual asset market could see a bullish trend after the inauguration of "Donald Trump".
  • U.S. stocks and Bitcoin (BTC), among other virtual assets, show a strong trend for several weeks after the election but tend to cool down after the inauguration.
  • It was predicted that Bitcoin prices could face up to a 30% adjustment after the election.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The inauguration ceremony of Donald Trump, the President-elect of the United States, is scheduled for January 20, 2025. After the inauguration, there is a forecast that the virtual asset (cryptocurrency) market may see a bullish trend. According to data from Bloomberg and research institution MacroBond on the 3rd (local time), U.S. stocks and virtual assets like Bitcoin (BTC) show a strong trend for several weeks after the election, but tend to cool down after the president's inauguration. Especially if a Republican administration takes office, the initial market expectations are higher, but adjustments are also sharper later on.

There is also a possibility that Bitcoin may face up to a 30% adjustment after the inauguration. Ryan Lee, an analyst at Bitget, predicted, "Historically, looking at data trends, Bitcoin can drop up to 30% before reaching a peak. In this case, the price of Bitcoin could drop to around 70,000 dollars."

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shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.