AT A TIME when global markets weighed Donald Trump's potential return as leader of the world's largest economy, cryptocurrency traders celebrated his promise to transform the US into a crypto hub—a move expected to buoy the cryptocurrency market well into the coming year.
This year's rally began in January with regulatory approval for spot Bitcoin and Ethereum exchange-traded funds (ETFs), followed by a halving in April that reduced the supply of new bitcoin. Finally, optimism surrounding crypto-friendly policies under the US President-elect drove the world's largest cryptocurrency past the $100,000 mark in early December.
Since then, a slower pace of interest rate cuts by the US Federal Reserve and skepticism about Trump's proposed Strategic Bitcoin Reserve (SBR) has prompted some profit booking.
この記事は Financial Express Bengaluru の December 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Financial Express Bengaluru の December 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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