This cycle has shown that incredible advancements in cryptocurrencies are now possible. Bitcoin 
$75,519, long disparaged as the currency of the Deep Web, has found a place in institutional investors’ reserves. Bitcoin and Ethereum 
$2,802 ETFs are now trading on U.S. exchanges, and for the first time in history, a pro-crypto U.S. President has won an election. What more could happen?
Contents
Historic Moment for Cryptocurrencies
Experts’ Predictions
Historic Moment for Cryptocurrencies
Many major and positive developments in the cryptocurrency markets have become a reality. If Trump follows through on his promises, we will witness even more. The Department of Justice is easing pressure on markets related to cryptocurrency sales, while regulators are set to lighten legal scrutiny. A crypto-friendly leader is expected to head the SEC.
Investors should be asking themselves what else could happen for cryptocurrencies. Just as the ETF approval marked a significant turning point, Trump’s election represents a monumental development. We mentioned that this Sunday could be a historical moment this week. Investors tracking Fed interest rate cuts and PMI data may see Bitcoin added to the Fed’s balance sheet next year.
Experts’ Predictions
Crypto analyst Crypto Fella wrote in his recent market assessment that he expects more upward movement as the year progresses. He believes the recent rally is not as significant and that the real major movement has yet to begin. At the time of writing, Bitcoin’s price is at $74,000, above its previous all-time high. 
Crypto Bullet also shared the following chart, commenting: 
Peter Brandt expressed confidence in Elon Musk, stating that a channel breakout for Dogecoin 
$0.200206 could pave the way for new all-time highs. If the anticipated scenario materializes, DOGE may reach the $1 target it nearly achieved during the SNL Show event in 2021. The meme coin is positioned to capitalize on the current situation as Trump and Musk collaborate. 
Market sentiment is strongly bullish. While cryptocurrencies are always full of surprises, it is expected that the overall trend will remain upward despite speculative downturns. It would not be surprising to see major announcements from altcoins seeking to differentiate themselves positively in the coming hours, leading to increased volatility.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
