K33 Analyst: Trump's Inauguration May No Longer Be a "Sell the News" Event for Bitcoin

ChainCatcher news, according to The Block, after Trump's election victory, the prospects of his supportive cryptocurrency policies boosted Bitcoin's price, which initially surged. However, macro headwinds have led the market to cool down since mid-December, prompting K33 analysts to reconsider whether Trump's inauguration is no longer a sell-the-news event.

Analysts Vetle Lunde and David Zimmerman wrote in a report to clients on Tuesday that as the inauguration approaches, selling the news has become less attractive, and the market is trying to weigh the inflation effects of Trump's tariff comments against potential tax cuts and favorable cryptocurrency policies expected to boost risk assets this year.