In the wake of Donald Trump’s victory in the US presidential election, crypto industry giants like Ripple and Coinbase are anticipating significant regulatory shifts. Trump has expressed a pro-crypto stance and has indicated his intention to replace Securities and Exchange Commission (SEC) Chair Gary Gensler “on day one” of his administration. This move could lead […]
As U.S. voters elected former President Donald Trump to be the nation's 47th president, the digital-asset market demonstrated its unique, real-time reaction capacity, surging on expectations of a crypto-friendly administration
The prediction market has listed contracts for betting on events including a prospective Trump impeachment.
France’s gambling regulator confirmed that it’s currently examining Polymarket and its compliance with French gambling legislation.
The SEC argued that Kraken’s defenses about the major questions doctrine are a “due process fail as a matter of the law.”
The United States could establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump’s administration, according to a key insider. David Bailey, CEO of BTC Inc. and instrumental in shifting Trump’s stance on Bitcoin, emphasized the urgency of this initiative amid concerns that other nations might outpace the US in BTC […]
The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.
The President-Elect promised pardons for the protestors and to commute Ulbricht's sentence when he was on the campaign trail.
Tron’s founder, Justin Sun, took X to congratulate the newly elected 47th president of the United States, Donald Trump. The pro-industry Republican candidate’s victory has ignited speculation about the sector’s new era, including the future anti-crypto regulators like Securities and Exchange Commission (SEC) chairman Gary Gensler. Related Reading: Spot Bitcoin ETFs Record Second Largest Single-Day […]
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
Although the Bitcoin (BTC) price made new all-time highs (ATH) today, there could be more gains for the cryptocurrency’s future price trajectory. Bitcoin To Hit $100k By Inauguration Day? Following the victory of the Republican presidential candidate Donald Trump, the leading digital asset witnessed a steep surge in price, breaking through its previous ATH of […]
Donald Trump’s election as the 47th president of the United States has sent shockwaves through the financial markets, particularly in the crypto sector. Following his victory announcement, Bitcoin surged to a new all-time high of $75,385, marking a significant rebound for the digital asset market. This rise comes amid a series of promises Trump made […]
Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), could be on the verge of a massive parabolic rally following the recent victory of Republican U.S. presidential candidate Donald Trump. Could Trump’s Victory Catapult Dogecoin To $23? Earlier today, Trump was elected the 47th US president with a convincing win over Democratic presidential candidate Kamala Harris. Following Trump’s victory, Bitcoin (BTC) surged past its all-time high (ATH) of $73,737, reaching unprecedented levels. Related Reading: Dogecoin (DOGE) Sets Sights on $0.150: Will The Rally Take Off? While BTC is trading at new highs, the ripple effect of a Trump victory is expected to impact other digital currencies, especially Musk’s preferred Dogecoin. According to crypto technical analyst Ali Martinez’s analysis, DOGE is nearing a breakthrough at the 0.50 Fibonacci retracement level, potentially leading to a rally up to the 1.618 or even the 2.272 Fibonacci extension levels. For the uninitiated, Fibonacci extensions are used in technical analysis to project possible future price targets by identifying key support and resistance levels. Historically, DOGE has frequently aligned with Fibonacci extension levels during bull runs. According to Martinez, if DOGE follows a similar trajectory in the next bull run, it could surge to anywhere between $4 and $23. The chart below illustrates that the next significant Fibonacci extension level for DOGE is 1.00, placing its price just above $0.739, beyond its current ATH of $0.7316, set in May 2021. Currently, DOGE is trading at $0.202, having risen an impressive 18% in the past 24 hours, largely fueled by Trump’s victory. If DOGE reaches the 1.618 Fibonacci extension level, its price could jump to $3.94 – more than five times its current ATH. Under extremely bullish conditions, DOGE could even hit the 2.272 Fibonacci extension level, pushing its price to $23.25 – nearly a 100x increase from its present value. The Potential Impact Of Elon Musk In Trump’s Cabinet While Musk’s potential role in Trump’s cabinet remains unclear, the world’s richest man will likely hold significant influence during Trump’s term as president. Related Reading: Dogecoin Rockets Up 12%, But This FOMO Signal Could End Rally Musk has frequently voiced his support for DOGE on social media platform X, often triggering short-term price surges driven by retail investor interest. With Musk’s possible influence in the new administration, it wouldn’t be surprising to see policy decisions that could indirectly benefit cryptocurrencies like Dogecoin. Data shows that DOGE whales may anticipate a significant price surge, as recent transactions indicate the accumulation of more than 2.1 billion tokens over the past week. That said, DOGE investors should exercise caution as the token has already experienced a substantial run-up recently and may be flashing overbought signals. At press time, BTC is trading at $74,249, up 8% in the last 24 hours. Featured image from Unsplash, Charts from X and Tradingview.com
The world’s richest man just got richer following Donald Trump’s presidential election victory.
In the aftermath of Donald Trump’s election victory, Ripple’s top executives have outlined their expectations for the incoming administration, emphasizing the need for regulatory clarity in the crypto industry. On November 6, Ripple CEO Brad Garlinghouse congratulated Trump via X and presented a “first 100-day checklist” aimed at overhauling the current regulatory framework. Ripple Leadership […]
Andrew Kang, founder and CEO of Mechanism Capital, has shifted his bullish outlook from Dogecoin (DOGE) to First Neiro On Ethereum (NEIRO) following Donald Trump’s landslide victory in the US presidential election. In a series of posts on X on Wednesday, November 6, Kang asserted that NEIRO is poised for exponential growth in the coming months. Better Than Dogecoin? “With a Trump win, NEIRO as the natural successor to Doge is on a path to billions over the next few months,” Kang wrote. He further elaborated, “Hard to think of better coins to hold post a Trump/Elon win than NEIRO. As the natural successor to Doge, its path to a Doge/Shib like run and eventual flippening debates are pre-ordained. Doge is great, but new dogs are even better.” Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought Kang was among the first industry experts to designate Dogecoin as the premier “Trump trade” in the crypto market—a strategy for investors betting on a Trump victory. On October 15, he noted: “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes). Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump.” This perspective gained traction among several crypto analysts who identified Dogecoin as the leading proxy for anticipating a Trump win. The association stems from Elon Musk’s proposal to lead a “Department of Government Efficiency” (D.O.G.E.) under a Trump administration to reduce the bloated US government spending. Since Kang’s initial post on October 15, the Dogecoin price has surged by over 70%, climbing from $0.1158 to above $0.20 at press time. In contrast, NEIRO experienced a significant downturn of approximately 22% during the same period. After reaching its all-time high of $0.002333 on October 15, NEIRO dipped but has recently shown signs of recovery, rising 42% in the last 48 hours to trade at $0.001786. Related Reading: Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge Kang’s endorsement of NEIRO has sparked a debate within the crypto community. Crypto analyst Crypto Stream (@CryptoStreamHub) questioned the trend of industry leaders promoting meme coins, commenting under Kang’s post: “When did it become normalized for the industry leaders to shill Memecoins, honest question? Raoul Pal started, yesterday I heard Arthur Hayes shill GOAT and now Kang is shilling NEIRO. Not wanna criticize that, I genuinely wonder when we made the pivot.” Another analyst, CryptoGugu (@Silivabrota), expressed skepticism about NEIRO’s potential and warned of an underlying market manipulation: “Guys please stop comparing NEIRO with DOGE. DOGE is the real deal NEIRO looking more like a liquidity grab scheme right now. Since the mm has been replaced chart looking awful. Mm only going up and down chasing liquidity, whales only dumping. Something needs to change asap or NEIRO will continue bleeding.” At press time, NEIRO traded at $0.001786. Featured image created with DALL.E, chart from TradingView.com
As Donald Trump secured his return to the presidency for the 2025-2029 term, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressed a bullish outlook for the cryptocurrency market, proclaiming it has entered a “golden age.” In a recent video shared on social media platform X (formerly Twitter), Hougan highlighted the implications of Trump’s […]
Analysts for the crypto exchange Bitfinex anticipate a rise in capital inflows following the reelection of Donald Trump in the United States.
A boost in Bitcoin’s spot volumes and a classic chart pattern hint that $110,000 could be the next stop for BTC’s price.
Though Republicans won the US presidency and a majority in the Senate, it’s still unclear if Democrats will win enough seats to flip the House of Representatives.
The 2024 US presidential election is decided. Donald Trump will get a second term, defeating Kamala Harris. In the midst of election night, the Bitcoin price rose to a new all-time high of $75,407 on Binance. The euphoria is driven by Trump’s big election promises. He wants to establish Bitcoin as a national strategic stockpile, fire Securities and Exchange Commission (SEC) Chairman Gary Gensler and generally enforce a crypto-friendly policy. While a Harris victory would have meant a short-term setback for Bitcoin according to most experts, the predictions by the majority of experts are extremely bullish thanks to the Trump victory. However, renowned economist Henrik Zeberg offers a cautionary perspective. Zeberg warns that Trump’s proposed economic policies could precipitate a US recession, leading to a “blow-off top” scenario for Bitcoin and the broader crypto market. Central to his argument is Trump’s plan to replace certain taxes with tariffs to stimulate domestic economic growth. Is A Bitcoin Blow-Off Top Scenario Looming? Drawing parallels with historical events, Zeberg suggests that Trump’s tariff strategy could echo the economic missteps of the 1920s and 1930s. In a post on X, he shared a link to the Wikipedia page for the Smoot-Hawley Tariff Act of 1930. He stated: “Now everything is lined up for history to repeat itself. US Tariffs implemented into a Recession—reinforcing the downturn and popping the Greatest Bubble ever.” Related Reading: Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000 The Smoot-Hawley Tariff Act is widely regarded as a catalyst that deepened the Great Depression. By substantially increasing US tariffs on imported goods, the act prompted retaliatory tariffs from other nations, leading to a severe contraction in international trade. This protectionist spiral exacerbated global economic decline, resulting in heightened unemployment and prolonged hardship worldwide. Amid these economic concerns, Zeberg has projected a significant, yet potentially short-lived, surge in Bitcoin’s price. “Making it Simple! BTC target 115-123K,” he asserted via X a few days ago. His analysis is grounded in Fibonacci extension levels—a technical analysis tool used to predict future price movements based on historical price patterns. Related Reading: Institutional Traders Bet On Bitcoin Exceeding $79,300 By End Of November According to Zeberg’s analysis, the critical level to monitor is the 1.618 Fibonacci extension, calculated at $114,916.16. He suggests that this level is “very likely the top,” indicating that Bitcoin could reach this price point before experiencing a significant reversal. The analysis also notes other key Fibonacci levels that may serve as resistance points during Bitcoin’s ascent. The 0.382 level at $77,437.88 marks a significant initial resistance following the breakout from the previous all-time high. The 0.618 level at $85,205.47 could act as minor resistance as the price climbs. Additionally, the 1.0 level at $107,435.71 represents a crucial psychological and technical threshold, while the 1.27 level at $123,148.19 indicates a possible overshoot beyond the primary target zone. An annotation on Zeberg’s chart poses the question, “58% in less than 3 months into the top?” This suggests he anticipates a rapid price increase within a relatively short time frame, consistent with historical patterns. At press time, BTC traded at $73,742. Featured image created with DALL.E, chart from TradingView.com
The $3.6 billion contract closed Wednesday morning as the Associated Press, Fox and NBC declared the election for Republican candidate Donald Trump.
Memecoins are up today, fueled by positive sentiment following Trump’s win in the US presidential elections.
The 2024 US presidential election has brought a new wave of optimism for the cryptocurrency industry, with former President Donald Trump re-elected as the 47th president. Known for his support of Bitcoin and blockchain innovation, Trump gained significant backing from the crypto community during his campaign by making substantial promises to bolster the sector. Promises […]
The post Bitcoin community celebrates victory as Donald Trump and allies elected to reshape US crypto policy appeared first on CryptoSlate.
Bitcoin (BTC) whales appear to be offloading some of their holdings ahead of the closely contested 2024 US presidential election. 2% Fall In BTC Held By Whale Addresses In a post on X, crypto analyst Ali Martinez shared that Bitcoin whales – wallet addresses holding a significant amount of BTC – are “dialing back exposure” ahead of what is likely to be a very closely contested US presidential election. Related Reading: Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections? According to the analyst, there has been a 2% decrease in the number of wallet addresses holding 1,000 or more BTC. Notably, since May, the number of Bitcoin whales was at its highest during mid-October when Republican presidential candidate Donald Trump was the overwhelming favorite to emerge victorious. At the time of writing, decentralized prediction markets platform Polymarket gives Trump a 62.7% chance of winning, while Democratic candidate Kamala Harris has a 37.4% chance of becoming the next US president. Bitcoin whales selling some of their BTC holdings as Americans prepare to vote could indicate a cautious approach, possibly to mitigate potential price volatility tied to the elections. Bitcoin Whales Expecting Price Volatility? The selloff might suggest that Bitcoin whales foresee a stricter regulatory environment for digital assets following the elections. This concern may not be unfounded, as the Biden administration has faced accusations of adopting a hostile stance toward the digital assets industry. Related Reading: Bitcoin Price Decline Worsens: Could It Be Setting Up for Major Reversal? On the contrary, Trump has repeatedly promised to make the US the “crypto capital of the world” during his election campaign. In addition to the whale selloff, long-term BTC holders appear to be disposing of their holdings. According to recent analysis, more than 177,000 BTC were sold by long-term holders in the last seven days. Another scenario worth considering is that any further decline in whale addresses’ BTC holdings without a corresponding drop in price could indicate that retail investors are stepping up to buy the digital asset. Notably, demand for Bitcoin among retail investors has been on a steady uptrend since September 2024. According to a recent report, retail demand for BTC rose 13% in the past month, reflecting a shift in the market’s risk appetite from risk-off to risk-on. Martinez also brought attention to BTC’s TD sequential on the 12-hour chart and how it is flashing a buy signal. For the uninitiated, TD sequential is a technical analysis indicator used to identify potential price exhaustion points and trend reversals in financial markets. That said, a Trump victory might not be the silver bullet for Bitcoin’s tumbling price, as it is critical for the top digital asset to hold the $68,000 support level to avoid slipping to $63,000. At press time, BTC trades at $69,595, up 1.3% in the past 24 hours. Featured image from Unsplash, Charts from X and Tradingview.com
Donald Trump was not always a cryptocurrency fan, but the community has rallied around him as a pro-crypto candidate in the 2024 US presidential election.
Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office.
Donald Trump is projected to win the US presidential election, promising to promote crypto in America.
Having $169 million to spend on U.S. congressional elections can produce fast results in Washington, as the crypto sector's campaign-finance blitz this year helped rid it of a powerful Democratic senator who stood in the way of legislation and also populated Congress with a large number of new friends.
The iShares Bitcoin Trust (IBIT) saw a rare day of outflows before Bitcoin went on to hit a new all-time high.