\ud83d\ude80 #BTC<\/a> hits $106K!<\/p>\n The crypto sky just got brighter\u2014what\u2019s your next move? \u2014 Gate.io (@gate_io) December 16, 2024<\/a><\/p><\/blockquote>\n The excitement over Bitcoin stems from more than just numbers; it also comes from the possibility for a change in legislative attitudes. The victory of Trump<\/a> has led to a general opinion that his government will be more open to cryptocurrencies than the previous administration.<\/p>\n He plans to designate pro-crypto leaders<\/a> to important roles, including Paul Atkins as the Securities and Exchange Commission (SEC) new director. This has inspired hope for a more flexible regulatory framework, which many feel will help to raise the value of Bitcoin even more.<\/p>\n Bitcoin’s price has increased by nearly 50% in the span of just over a month since Trump’s election. According to experts, investors’ “fear of missing out” (FOMO)<\/a> is the primary driver of this increase.<\/p>\n The approval of Bitcoin exchange-traded funds (ETFs) earlier this year was also instrumental in attracting mainstream investors, facilitating their entry into the market. Bitcoin’s aggregate market capitalization has now surpassed $3.8 trillion as a result of these developments.<\/p>\n Though there is obvious excitement right now, experts caution investors about Bitcoin’s known volatility. Financial advisers suggest that a portfolio should include about 5% of cryptocurrencies.<\/p>\n They underscore the significance of a disciplined approach that effectively balances the inherent risks with the potential benefits. Historical data indicates that Bitcoin is capable of experiencing significant price fluctuations, as evidenced by its 70% decline in 2021 following its previous high.<\/p>\n Many are riding the tide of optimism, despite these warnings. Also fueling the rise of Bitcoin is the expectation that the Federal Reserve may cut interest rates this week. When financing costs are low, riskier assets, like cryptocurrencies, tend to do well because of lower interest rates.<\/p>\n
\n\ud83d\udcc8 https:\/\/t.co\/0XLTbaOUoL<\/a> pic.twitter.com\/VxWzZRx83M<\/a><\/p>\nA New Era For Bitcoin<\/strong><\/h2>\n
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Managing The Volatility<\/strong><\/h2>\n