Trump's Crypto Gamble: Will Bitcoin Crash Below $8K?

How Trump Risks Triggering a Bitcoin Sell-off

According to DLNews, Standard Chartered has issued a warning that the price of Bitcoin could plummet if Donald Trump does not swiftly implement pro-crypto policies upon taking office. Analysts predict prices may fall as low as $8,000 from its current teetering position near $9,000. The Federal Reserve's hawkish stance for 2025 adds volatility to cryptocurrencies, with January 20 being crucial as Trump's inauguration day approaches.

The bank highlights investor expectations for significant crypto policy shifts promised by Trump during his campaign. However, there is concern he might not deliver immediately on these promises to make the US "the crypto capital of the world." This uncertainty poses risks and potential disappointment among investors who are advised by analysts at Standard Chartered to be cautious.

Bitcoin Retakes $10K Amid Market Optimism

FXStreet reports that Bitcoin surged past the $10K mark following VanEck’s ETF filing which boosted market confidence. On Wednesday alone, cryptocurrency market capitalization increased by an impressive $152 billion reaching a total of $3.5 trillion—a notable single-day gain since December 11 last year.

This rally was led predominantly by altcoins like Stellar (XLM) which tracked XRP's upward trajectory due in part to speculation around favorable regulatory changes under President-elect Trump's administration. Despite this optimism surrounding altcoin markets doubling their gains compared to Bitcoin’s modest increase of 3%, downside risks remain active according to FXStreet analysis.

XRP Tests Historical Highs Amid Volatility

As reported by FX Empire, XRP experienced dramatic fluctuations recently soaring up briefly above historical highs before settling back down slightly below them at approximately $3 per coin — levels unseen since early January 2018 when it peaked momentarily higher amidst heightened speculative trading activity driven largely through Ripple-related developments against SEC litigation outcomes impacting broader sentiment across digital assets globally, including flagship tokens such as BTC itself now hovering close again towards psychological thresholds nearing six figures once more after recent corrections observed throughout volatile periods affecting entire sector dynamics.

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