Bitcoin (BTC) aims to hit the $90,000 mark as U.S. President Donald Trump hints at pro-crypto legislation coming “very soon” during his World Economic Forum speech.
Key insights:
- Trump instills modest gains in Bitcoin prices following his speech at the World Economic Forum.
- Although pro-crypto legislation is gaining traction in the U.S., developments in Japanese bonds are tempering market enthusiasm.
- Insights suggest that Bitcoin hitting new lows in 2026 might be advantageous in the long run.
Trump Eyes Crypto Legislation “Very Soon”
Data from TradingView reports a 1.7% daily gain in BTC pricing amidst President Trump’s announcements.
“To unleash innovation and savings and financing I’m also working to ensure America remains the crypto capital of the world, and to that end I signed the landmark Genius Act into law,” Trump stated.
Translation: “To promote innovation and financial efficiency, I am focusing on maintaining America as the world leader in crypto, having signed the significant Genius Act into law.”
During the event, Trump also commented on market conditions, mentioning, “We’re going to hit 50,000 and that stock market’s going to double, in a relatively short period of time.”
Global Market Influences
As global markets anticipate the impact of EU trade dynamics linked to Trump’s comments regarding Greenland, interest in Japanese bond yields—tied closely with crypto markets—continues to grow.
A note from QCP Capital: “As yields rise, the sustainability of Japan’s public finances is being openly questioned, and the spillover to global bonds underscores Japan as a key volatility catalyst.”
Bitcoin Strategies and Predictions
Previously, Cointelegraph highlighted previous price movements for BTC in January, pointing out potential rebounds in the futures market. Keeping an eye on the low points is deemed important, reinforcing that current volatility can lead to significant opportunities ahead.
“I still believe a little dip below the yearly open might be beneficial for a strong rebound,” noted trader CW.
Translation: “I believe that dipping just below the yearly start price could set the stage for a solid recovery.”
