CoinVoice has learned that, according to News.bitcoin, the cryptocurrency market has been as unpredictable as the U.S. government shutdown in recent days. There are reports that the U.S. government is about to close due to a stalemate in spending negotiations, which historically can affect the market in various ways. Due to the disillusionment of market participants' short-term expectations, Arthur Hayes believes the cryptocurrency market will experience a 'dismal drop' around Trump's inauguration day. However, the crypto community is holding its breath, as Trump's inauguration might trigger a legendary 'God Candle' trend (Note: 'God Candle' refers to a significant price surge within a single day, overshadowing surrounding activities on the price chart). This suggests that the current market lull is merely a temporary calm, representing a bear market phase within a larger bull market cycle. If the U.S. resolves the 2025 budget issues and Trump implements several Bitcoin-focused strategies to encourage the market, Bitcoin could see a massive recovery.
Of course, the current immediate price trend of Bitcoin remains unclear. It is still uncertain whether Trump's presidency will usher in the anticipated cryptocurrency market boom. [Original link]
