Bloomberg: Bitcoin sees the largest increase of the year, short-term "sell the news" behavior may occur but long-term outlook is bullish
ChainCatcher news, according to Bloomberg, Bitcoin has recorded its largest gain of the year, breaking the $100,000 mark again. The latest U.S. inflation data has reignited bets on further interest rate cuts by the Federal Reserve, boosting global markets.Now, the focus shifts to the policy offensive expected from President-elect Trump after his inauguration on January 20, which may include measures to support the cryptocurrency industry. Speculators are weighing the risks of inflation tariffs and immigration policies against Trump's commitment to making the U.S. a global hub for digital assets, which also supports the idea of establishing a national Bitcoin reserve.A key question is whether Bitcoin will experience a "sell the news" profit-taking after rising 50% since Trump's victory on November 5, when he actually takes office. Pantera Capital portfolio manager Cosmo Jiang stated, "Our understanding is that Trump is prepared to issue a large number of executive orders shortly after taking office next week, some of which are particularly favorable to digital assets. In the short term, we may see some sell-the-news behavior, but those doing so are missing the forest for the trees."