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With XRP near highs ahead of Trump inauguration, can bitcoin crack a new record? - MarketWatch

1. Bitcoin rallied 4.7% to $104,982, near record high. 2. Rally linked to optimism about Trump’s crypto-friendly policies. 3. Risk assets boosted by lower-than-expected inflation data. 4. Market analysts predict Bitcoin could hit $130,000 by January. 5. XRP reached record high, highlighting overall crypto market enthusiasm.

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FAQ

Why Bullish?

The anticipated pro-crypto policies under Trump drive market enthusiasm, akin to past bullish trends seen in favorable regulatory environments for cryptocurrencies.

How important is it?

The article outlines significant market movements and future expectations for Bitcoin, directly indicating a likelihood of price impact.

Why Short Term?

The immediate influence on BTCUSD is driven by upcoming political changes and macroeconomic data but may stabilize thereafter.

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