#Trump's inauguration, Bitcoin breaks through 105,000.#

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Overview

Since Donald Trump assumed office as the President of the United States, the price of Bitcoin has continued to rise, breaking through the $105,000 mark. The market generally believes that Trump's positive attitude towards cryptocurrencies, as well as his potential launch of a national strategic reserve plan, will push Bitcoin prices further up. The market has high hopes for the Trump administration's cryptocurrency policy and believes it will be a key driver of the development of the crypto industry. In addition, some analysts believe that the Trump administration may prioritize cryptocurrencies and collaborate with the crypto industry. Despite warnings from some commentators about centralization issues, overall market sentiment remains bullish.

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Analysis

Donald Trump's inauguration as US President has ignited a wave of optimism in the cryptocurrency market, propelling Bitcoin's price above $105,000. Market sentiment suggests that Trump will implement pro-cryptocurrency policies, such as establishing a cryptocurrency advisory committee, halting federal cryptocurrency lawsuits, and even creating a national strategic Bitcoin reserve. Trump's allies are also discussing the possibility of ending federal cryptocurrency lawsuits. Additionally, market rumors indicate that Trump might designate cryptocurrency as a national priority, making it a government-led initiative or priority, aimed at guiding government agencies to collaborate with the industry. These developments have fueled the rally in Bitcoin and other cryptocurrencies. However, some critics have raised concerns about centralization, suggesting that prices could plummet if Trump doesn't make a significant statement on his first day in office. Overall, the market remains optimistic about the future of cryptocurrency under Trump's presidency, but investors need to carefully observe his specific policy measures.

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Public Sentiment

98%
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Classic Views

Trump's inauguration will push cryptocurrency development as a national priority.

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The Trump administration may establish a national strategic Bitcoin reserve.

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The Trump administration will work with the crypto industry.

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The Trump administration's policies will drive cryptocurrency market growth.

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