Dilip Chenoy, President, Bharat Web3 Association, said, “Bitcoin has hit a new all-time high of $76,400, marking a significant milestone in the digital asset market. This surge is largely attributed to the favorable political climate of Donald Trump’s return to the presidency, which many believe will boost the adoption and regulation of virtual digital assets (VDAs).
Chenoy also highlighted that as institutional trust increases, we believe this price increase could pave the way for more balanced regulatory frameworks and mainstream acceptance, thereby strengthening the stability of the digital asset ecosystem.
Cryptocurrency tracker
Many analysts and crypto experts predict that Trump’s return to power will result in a more crypto-friendly regulatory environment, which could lead to sustained growth in the sector. His promise to reduce the regulatory burden on digital assets and support the crypto industry is expected to fuel further price increases, particularly for Bitcoin and Ethereum.Shivam Thakral, CEO of BuyUcoin, echoed similar sentiments, saying: “Following Donald Trump’s election victory, the cryptocurrency market has seen a remarkable rise. Bitcoin climbed above $76,400, marking a new all-time high, while Ethereum climbed above $2,839. and Solana approached 190 dollars. This rise reflects optimism surrounding Trump’s pro-crypto stance, which is expected to foster a more favorable regulatory environment for digital assets.
Although the short-term outlook for cryptocurrencies is positive, the medium- and long-term impact of Trump’s policies will likely depend on his actions regarding cryptocurrency regulation. His administration has promised to reshape financial agencies like the SEC (Securities and Exchange Commission), which is considered a key player in determining the future of digital assets in the United States. If Trump follows through on his pledge to reduce regulatory hurdles, we could see more of them. crypto investment vehicles such as ETFs (Exchange-Traded Funds) are being approved, which would further strengthen institutional involvement in the crypto space. This could lead to a stable increase in crypto prices as the market becomes more mainstream and regulated. Ryan Lee, chief analyst at Bitget Research, commented: “In the short term, the initial response could involve sidelined funds entering the market out of fear. driving the price of BTC to new highs, however, in the medium to long term, favorable developments in the regulatory framework of the crypto market could have a long-term positive impact on the sector.
Besides regulatory changes, Trump’s economic policies could also influence cryptocurrency prices. If its policies lead to lower taxes, particularly capital gains taxes, crypto investments could generate additional gains. However, concerns remain about inflationary pressures linked to possible tariffs and their impact on interest rates, which could introduce volatility into the market.
Despite the optimism, not all experts are convinced that the uptrend will be sustainable. Analysts warn that near-term volatility could still arise due to factors including inflation, interest rate changes and market reactions to Trump’s policies. Although its pro-crypto stance has sparked optimism, the market remains sensitive to external factors.
