Bitcoin has reached a new ATH of $80k
A rally over the weekend hasn't been seen for some time, especially going from ATH to ATH.
The indicators signal an extreme greed on the crypto market.
Why this thing?
This week was marked by two very important news, among the most important of the year.
We had the US elections where we saw the victory of President Trump considered by everyone as the Crypto President, the one who is in favor of Bitcoin.
And we had a further 25bps interest rate cut. This means only one thing
get ready for a bull market
Investors will be increasingly predisposed to borrow money to invest in risk-on markets such as cryptocurrencies.
The new American government will be willing to inject liquidity into the country's economy to show the strength and positivity of their new economic policies.
And finally we will most likely have good news on the development and security of Bitcoin and crypto on American soil, without more wars with the SEC or legislative hitches with the American government.