Bitcoin hovers around the $100,000 mark, poised for a potential breakout as investors anticipate regulatory changes and closely watch key US labor data. The crypto market is experiencing a period of consolidation, with prices trading near $96,000 after weeks of sideways movement. However, upcoming personnel shifts at the SEC and Federal Reserve, coupled with potential changes in US cryptocurrency regulations, are driving bullish optimism. Investors are also monitoring upcoming US labor data, as strong results could lead the Federal Reserve to adopt a more hawkish stance, potentially impacting Bitcoin's upward trajectory.
Bitcoin teeters at the $100,000 threshold, with investors eyeing a potential breakout amid regulatory shifts.Key U.S. labor data this week could shape Bitcoin ’s near-term trajectory.has entered 2025 on a quiet note, with the crypto consolidating below the critical $100K psychological level, currently trading near $96K. Investors are bracing for a decisive breakout that could ignite fresh trading momentum after weeks of sideways movement.
Gensler, often at odds with the crypto industry, leaves behind a contentious legacy. Similarly, the resignation of Michael Barr from the Federal Reserve, infamous for his role in Operation Chokepoint 2.0 targeting crypto businesses, has further boosted optimism among investors. Across the Atlantic, Switzerland could take a historic step by holding a referendum to enshrine Bitcoin into its constitution as an official part of its financial system. Such a move would mark a significant milestone in Bitcoin’s journey toward global legitimacy as a mainstream payment method.These positive indicators bolster the Fed’s case for maintaining a hawkish stance.
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