Analysis: Community believes Bitcoin may see a sharp rise on Trump's inauguration day

Odaily Odaily News: In recent days, the cryptocurrency market has been as unpredictable as the shutdown of US government agencies. There are reports that the US government is about to shut down due to a stagnation in spending negotiations, which has historically affected the market in various ways. Due to the disillusionment of market participants' short-term expectations, Arthur Hayes believes that the cryptocurrency market will see a "dismal decline" near Trump's inauguration day, but the crypto community is holding its breath to see whether Trump's inauguration will trigger a legendary "God candle" trend (Note: "God candle" refers to a sharp increase in prices in one day, which eclipses the surrounding activities on the price trend chart), which means that the current market downturn is only a temporary calm and a bear market stage in a larger bull market cycle. If the United States solves the 2025 budget problem and Trump implements a number of Bitcoin-focused strategies to encourage the market, Bitcoin may see a huge recovery. Of course, the immediate price trend of Bitcoin is still unclear. It is uncertain whether Trump's inauguration as US President will usher in the expected crypto market boom. (News.bitcoin)