PANews, December 21 news, reported by News.bitcoin, in recent days the cryptocurrency market has been as unpredictable as a government shutdown in the United States. There are reports that the U.S. government is about to close down due to stalled spending negotiations, a situation that historically influences the market in various ways. Due to the disillusionment of short-term expectations among market participants, Arthur Hayes believes the cryptocurrency market will experience a 'bleak drop' around the inauguration day of Trump. However, the crypto community is holding its breath, as Trump's inauguration may trigger a legendary 'God Candle' movement (note: 'God Candle' refers to a significant price increase within a single day, overshadowing the surrounding activity on the price chart), indicating that the current market gloom is merely a temporary calm, a bear market phase within a larger bull market cycle. If the U.S. resolves the budget issues for the fiscal year 2025 and Trump implements several Bitcoin-focused strategies to encourage the market, Bitcoin could see a massive resurgence.
Of course, the immediate price trend of Bitcoin remains unclear at the moment. It is still uncertain whether Trump's inauguration as President of the United States will usher in the anticipated boom in the cryptocurrency market.
