Bitcoin (BTC) With the momentum it gained during the week, it rose above 100 thousand dollars for the first time and became the focal point of the market.
While the reasons for this historic rise in the market continue to be discussed Citigroup Analysts said Bitcoin surpassed $100,000 thanks to the positive regulatory environment and macroeconomic supports in the US.
According to Coindesk, Citigroup stated in a recent report that Bitcoin’s recent rise above $100,000 was due to the US elections and the appointment of cryptocurrency-friendly Paul Atkins as SEC chairman.
At this point analysts Donald Trump’He stated that the upward momentum that started after Turkey won the elections was supported by factors such as a positive macroeconomic environment and increasing spot Bitcoin ETF inflows.
Analysts led by Alex Saunders stated that the last upward move required to break 100 thousand dollars was Trump’s appointment of Paul Atkins as SEC chairman. “The nomination of cryptocurrency friend Paul Atkins for SEC chairman provided the final momentum that sent Bitcoin to record highs, surpassing $100,000.” he said.
Analysts also pointed out in the report that there was a decline in BTC dominance and said that altcoins other than Bitcoin could achieve greater gains due to regulatory relaxation.
“A new regulatory system that will come with Trump’s election could expand the use cases for cryptocurrencies and elevate Bitcoin’s position as an asset class.
Altcoins other than Bitcoin will also benefit from this environment.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/citi-analistleri-bitcoinin-100-bin-dolari-asmasini-saglayan-son-olayi-ve-bundan-sonra-beklediklerini-acikladi/
