empty
23.01.2025 12:47 AM
BTC/USD: SEC's Crypto 2.0 and Rising Risk Appetite

Bitcoin quickly rebounded from the unexpected setback caused by Donald Trump. Contrary to widespread expectations, the U.S. president did not mention cryptocurrencies in his speech, nor did he sign any executive orders related to the digital asset market. This unexpected turn of events disappointed BTC/USD traders, resulting in a decline in Bitcoin's price to $100,000.

However, buyers regained control the following day, spurred by a leadership change at the U.S. Securities and Exchange Commission (SEC). Republican Mark Wade replaced Gary Gensler as SEC chair, and Paul Atkins is set to succeed Wade in June of next year. Both Wade and Atkins are known as "crypto advocates," particularly Atkins, making this leadership reshuffle a positive development for the market. On January 21, net capital inflows into U.S. Bitcoin exchange-traded funds amounted to $802 million.

This image is no longer relevant

Mark Wade wasted no time in taking action. On Tuesday, he announced the launch of a working group tasked with developing a regulatory framework for crypto assets. This group will create a "roadmap" for cryptocurrency market regulations.

While it is still early to discuss specifics, the key takeaway is that the SEC has made its first move toward revising its approach to cryptocurrencies and establishing a regulatory environment. According to Hester Peirce, the head of the working group, roundtable discussions will soon be held with representatives from the crypto industry, investors, legal experts, government bodies, and other stakeholders. Additionally, the group will coordinate efforts with both domestic and international partners.

Following the creation of the working group, officially named Crypto 2.0, the price of BTC/USD rose to $107,200, hitting the upper Bollinger Band on the daily timeframe but hesitated to move higher. This price level appears to act as a ceiling despite the historical high being above $109,000. BTC/USD tested the $107,000 level on Tuesday and mid-December but retreated each time. The only moment it surpassed $109,000 was due to rumors that Trump would create a government Bitcoin reserve and simplify access to banking services for crypto companies. When those rumors did not materialize, BTC/USD returned to the $102,000–$107,000 range, corresponding to the Tenkan-sen line and the upper Bollinger Band on the daily chart.

Bitcoin is currently buoyed by a favorable market sentiment, which is characterized by a greater willingness to take risks. Interestingly, Donald Trump plays a pivotal role in this dynamic, as he has avoided taking immediate action regarding trade wars with major global economies.

On one hand, after his inauguration, Trump has intensified his rhetoric, issuing threats against China, the European Union, Canada, and Mexico. For instance, he highlighted that the U.S. trade deficit with the EU is $350 billion, attributed to Europe's reluctance to purchase American goods. In this context, Trump compared the EU to China, asserting that "they, too, will face tariffs."

On the other hand, and surprisingly to many in the market, Trump is not rushing to take action, leaving room for negotiations. So far, he has only ordered a review of trade practices, with a deadline set for April 1. This is the only concrete step he has taken in this regard. Furthermore, according to Bloomberg, Trump is also interested in initiating discussions with Beijing.

This suggests that Trump's administration is keeping open the possibility for potential agreements while carefully preparing the groundwork for future tariff measures.

Markets are currently focused on the immediate situation, overlooking the grim long-term prospects. This has put pressure on the safe-haven dollar and increased demand for riskier assets, such as Bitcoin.

Another important factor supporting Bitcoin is the establishment of the Crypto 2.0 working group within the SEC. This group aims to create regulations for the cryptocurrency market, suggesting that the support for Bitcoin will likely be long-term.

At this time, there is no indication that the upward trend of BTC/USD will reverse. Therefore, any pullbacks should be viewed as opportunities to open long positions, targeting $107,200, which corresponds to the upper Bollinger Band on the D1 timeframe.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Cadangan Dagangan untuk Pasaran Kriptowang pada 9 Mei

Bitcoin telah melepasi $100,000, manakala Ethereum sedang cuba untuk mengukuh di atas $2,000. Selepas kenaikan mendadak semalam, yang berterusan semasa sesi Asia hari ini, Bitcoin kini didagangkan pada $103,000, setelah

Miroslaw Bawulski 09:46 2025-05-09 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Matawang Kripto Ethereum, Jumaat 09 Mei 2025.

Jika kita melihat carta 4 jam bagi mata wang kripto Ethereum, kelihatan bahawa pergerakan harga berada di atas Purata Bergerak Berwajaran (WMA) dengan tetapan (30 Shift 2), yang turut menunjukkan

Arief Makmur 06:27 2025-05-09 UTC+2

Analisis Teknikal Pergerakan Harga Harian Mata Wang Kripto Bitcoin, Jumaat 09 Mei 2025.

Pada carta 4-jam untuk mata wang kripto Bitcoin, penunjuk pengayun Stochastic berada dalam keadaan Terlebih Beli dan kini bersedia untuk Cross SELL dan melepasi bawah paras 80 (Terlebih Beli)

Arief Makmur 06:27 2025-05-09 UTC+2

Cadangan Dagangan untuk Pasaran Mata wang Kripto pada 8 Mei

Bitcoin mencapai harga di bawah $100,000, manakala Ethereum mencecah $1,900. Peningkatan besar dalam pasaran mata wang kripto ini sekali lagi mengesahkan pandangan optimis terhadapnya, yang telah banyak dibincangkan kebelakangan

Miroslaw Bawulski 09:22 2025-05-08 UTC+2

Bitcoin di Ambang Keputusan: Penembusan Baharu atau Isyarat Pembalikan?

Harga Bitcoin kini berada berhampiran paras psikologi penting, manakala para peserta pasaran sedang bersedia untuk satu lagi lonjakan menaik atau sebaliknya, satu pembalikan mendadak yang mampu menghapuskan jangkaan kenaikan jangka

Ekaterina Kiseleva 01:16 2025-05-08 UTC+2

Pasaran kripto dibuka dengan pertumbuhan yang memberangsangkan

Niaga hadapan indeks saham AS melonjak dengan ketara pada pembukaan sesi dagangan hari ini susulan berita bahawa wakil-wakil dari AS dan China telah menyambung semula rundingan mengenai perkara perdagangan. Laporan

Jurij Tolin 14:14 2025-05-07 UTC+2

Cadangan Dagangan untuk Pasaran Matawang Kripto pada 7 Mei

Bitcoin dan Ethereum Menunjukkan Pertumbuhan Lebih Jauh Di Tengah Berita Legislasi Kripto Positif Bitcoin kini diperdagangkan pada $96,700, setelah pulih dari paras terendah $93,400, manakala Ethereum telah pulih ke kawasan

Miroslaw Bawulski 10:32 2025-05-07 UTC+2

Bitcoin Mengumpul Kekuatan: Pasaran Bersedia untuk Gelombang Seterusnya

Bitcoin kini didagangkan dalam lingkungan $93,000–$94,000, kira-kira 0.5% di bawah paras tertinggi tempatan terkininya sebanyak $97,900, yang direkodkan pada 2 Mei. Volatiliti telah berkurang, dan pasaran nampaknya berada dalam keadaan

Ekaterina Kiseleva 01:23 2025-05-07 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 6 Mei

Bitcoin dan Ethereum menghabiskan hari dalam saluran mendatar, walaupun terdapat tanda-tanda penjualan aktif semasa sesi Amerika semalam yang menimbulkan beberapa persoalan tentang prospek kenaikan jangka pendek instrumen perdagangan tersebut. Bitcoin

Miroslaw Bawulski 09:11 2025-05-06 UTC+2

Bitcoin Kehilangan Kedudukan dan Berada di Ambang Bahaya: Perangkap $95,000

Bitcoin sekali lagi berada di bawah tekanan. Pada hari Isnin, harga mata wang kripto terbesar di dunia jatuh di bawah $95,000, dan ini lebih daripada sekadar pembetulan biasa. Ia adalah

Ekaterina Kiseleva 00:50 2025-05-06 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.