Moreover, the Federal Reserve is increasingly discussing cryptocurrencies. According to the latest news, Fed official Harker stated that they will only issue a digital currency if Congress orders it.

Superficially, it seems they are transferring responsibility to Congress. However, this already represents a significant advance, as in the past the Fed did not even consider issuing cryptocurrencies nor were there signs that this was on their agenda.

Currently, it seems the Fed is inclined to seriously analyze the viability of all matters related to cryptocurrencies.

The Speaker of the House of Representatives is the Republican Johnson, who has been re-elected and is a strong ally of President Trump. Additionally, Trump is one of the biggest supporters of cryptocurrencies.

Therefore, it is expected that this year the issuance of a cryptocurrency by the Fed will begin to be a topic on the agenda. This will represent an additional boost for cryptocurrencies.

Some friends often worry about whether corrections in the cryptocurrency market could be long-term. In reality, that is absolutely impossible, as many positive factors have yet to begin to influence the market.

We know that, at this moment, U.S. institutions continue to buy Bitcoin, and this trend has not ended. At this stage, we should avoid relying on poorly founded personal strategies and instead follow the path of large U.S. financial consortia.

In addition to Bitcoin, CAON also presents an excellent trading opportunity at this moment. On the four-hour level, three consecutive bullish candles have already formed, and the zone of 220 has been established as long-term support.

We can observe that the low points of each correction continue to rise, and it currently seems unlikely that the price will fall back below 220.