Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury. Trump Media confirmed that it has secured subscription agreements with approximately 50 institutional investors to facilitate this ambitious endeavor. Related Reading: On The Verge: Strategy’s Recent Purchase Positions Total Bitcoin Holdings Near 600,000 To manage these digital assets, the company will store its Bitcoin with Anchorage Digital and Crypto.com—platforms that recently collaborated with Trump Media to launch its first exchange-traded funds (ETFs). This announcement comes as BTC retraces from its recent record highs, coinciding with the Bitcoin 2025 conference on the Las Vegas Strip, which has highlighted President Donald Trump’s emerging identity as the nation’s first “crypto president.” Despite the excitement surrounding the IPO, Trump Media’s stock remains volatile, experiencing nearly a 30% decline this year. The company currently holds a market capitalization of about $5.3 billion, contrasted with reported revenues of just $3.6 million and a loss of $400 million in 2024. BTC As An ‘Apex Instrument’ Devin Nunes, CEO of Trump Media and former congressman, referred to BTC as an “apex instrument of financial freedom.” He framed this move as a necessary defense against what he described as “systemic discrimination” from financial institutions toward conservative businesses. In addition to this treasury initiative, Trump Media has partnered with Crypto.com to launch a series of ETFs and digital asset products, pending regulatory approval. These funds will include baskets of cryptocurrencies like Bitcoin and Crypto.com’s native token, Cronos (CRO). The offerings will be branded under the Trump Media name and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally The $2.5 billion BTC treasury initiative also follows a broader trend among politically aligned businesses converting their corporate treasuries to Bitcoin-heavy portfolios. Additionally, figures like Jack Mallers are emerging to rival established players, backed by significant investment from Tether and SoftBank. David Bailey, another major player in Trump-linked BTC initiatives, recently led a $710 million merger with KindlyMD, shifting the company’s focus from holistic opioid recovery to a crypto-first strategy. Bailey, a trusted advisor to the Trump administration, described this approach as “Strategy, squared,” emphasizing a commitment to increasing the BTC holdings per share. Featured image from DALL-E, chart from TradingView.com
The TRUMP meme coin, the official Donald Trump cryptocurrency, took the crypto world by storm upon its launch on Friday. Within hours, it became the hottest topic in the market, captivating investors and enthusiasts alike. By Saturday morning, as the U.S. woke up to the news, the TRUMP coin had skyrocketed to an astonishing $30, marking a jaw-dropping 12,000% increase from its launch price. Related Reading: Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target The exponential rally that unfolded overnight now seems like just the beginning. The coin’s meteoric rise barely makes a dent in its increasingly vertical chart. With a staggering $6 billion market cap and a fully diluted valuation of $30 billion, the TRUMP coin is quickly establishing itself as a phenomenon in the meme coin category. For early investors, the returns have been life-changing. A modest $10,000 investment at launch is now worth an incredible $1.2 million, highlighting the massive potential of this viral asset. As the TRUMP coin continues to dominate headlines, speculation is growing about whether this is a short-lived hype or the start of a new trend in the crypto space. With such explosive growth, all eyes are on this unprecedented meme coin’s next move. TRUMP Becomes The Biggest Meme Coin In History At 9:44 PM ET on an otherwise quiet Friday night, President-elect Donald Trump made history by launching the $TRUMP meme coin, which has already become the biggest meme coin phenomenon the market has ever seen. According to The Kobbeissi Letter, a trusted voice in global capital markets commentary, TRUMP is up a staggering 9,500%, with $2.2 billion in trading volume within just 12 hours of its launch. Initially met with skepticism, the announcement of $TRUMP’s launch seemed so implausible that many traders assumed Trump’s account had been hacked. However, with no official statement refuting the coin’s legitimacy, confidence grew—and so did the price. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? By 12:45 AM ET, TRUMP had broken above $10, accelerating into a parabolic rally. In the early hours, traders witnessed unprecedented returns. One investor reportedly turned $50,000 into nearly $1.1 million in just two hours. Remarkably, TRUMP outperformed the S&P 500’s 30-year cumulative return within that same short window. A key factor driving the coin’s explosive price action is its limited circulating supply. Only 20% of the maximum supply—200 million coins—is currently on the market. Over the next 36 months, the remaining 800 million coins will gradually be released. Speculation is rife that Trump himself holds this undistributed portion, potentially giving him substantial control over the asset. With $TRUMP already establishing itself as a phenomenon, the coin’s trajectory remains a captivating spectacle. This unprecedented rally and intrigue surrounding its supply mechanics have cemented it as one of the most extraordinary stories in crypto history. Price Action And Market Cap Details The explosive rise of the TRUMP coin has prompted questions about its Market Cap and Fully Diluted Valuation (FDV). With a total supply of 1 billion coins, the FDV—if all tokens were circulating—would stand at approximately $21 billion based on current prices. However, since only 200 million coins (20% of the total supply) are currently in circulation, the market cap is approximately $4.2 billion. This significant disparity highlights the impact of circulating supply on valuation metrics. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Price action, for now, provides limited insight into the coin’s future. There is little data to conduct meaningful technical analysis. The TRUMP chart essentially consists of a parabolic green candle, reflecting its meteoric rise in an hype-dominated environment. This leaves the market with one critical question: can demand sustain current levels as the remaining 80% of the supply gradually enters circulation? The TRUMP emission schedule outlines how the maximum supply will be reached over the next 36 months. Skeptics argue that this influx of supply could lead to oversaturation, ultimately sending the coin’s price plummeting to $0. On the other hand, bulls believe the schedule’s gradual nature allows demand to keep pace. This could mitigate the risk of significant price dilution. For now, the debate continues. Featured image from Dall-E, chart from TradingView
The market’s leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office. As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency market, represented by the CoinDesk 20 index, also saw an uptick, rising 1% following a 4% increase on Thursday. Excitement Builds Ahead Of Trump’s Executive Orders This newfound interest in Bitcoin has positively impacted exchange operators, with shares of platforms like Coinbase and Robinhood climbing approximately 5% and 3%, respectively. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs According to CNBC, the excitement follows a Bloomberg report indicating that Trump might establish the crypto advisory council he had previously promised, potentially giving the industry a significant voice in his administration. Discussions surrounding a national Bitcoin stockpile are also part of the anticipated executive order, which is expected to address various aspects of cryptocurrency policy, according to a report by the New York Times. While the prospect of a pro-crypto administration and Congress in 2025 is encouraging for the industry, some Wall Street analysts caution that the full impact may not be felt immediately. Coins and crypto projects outside of Bitcoin could reportedly benefit the most from clear and supportive regulations, especially as they have been more vulnerable to Securities and Exchange Commission (SEC) lawsuits and perceived banking discrimination under the previous administration. Analysts Eye Record-Breaking Bitcoin Prices Bitcoin’s performance has been closely aligned with the stock market this year, following a period of consolidation that began in late December. This came after Federal Reserve Chair Jerome Powell raised concerns about inflation, a sentiment that has since eased with two favorable inflation reports in January. Expectations are high that any announcements from the incoming administration next week could propel Bitcoin’s price even higher, potentially setting new records. Related Reading: Solana ‘Bull Case’ Forecasts $6,636 Price Target By 2030, Crypto Firm Says Analysts believe that the new administration, along with a new SEC chairman, could usher in opportunities for innovation within the cryptocurrency space. JPMorgan analyst Kenneth Worthington noted that while the environment is promising, the market capitalization of other tokens and lower investor interest may limit the impact of new cryptocurrency products. In a favorable technical development, crypto analyst Ali Martinez recently pointed out that Bitcoin has broken out of a cup-and-handle pattern, a bullish indicator in technical analysis. This pattern resembles a “cup” followed by a downward trend, or “handle,” which typically signals a buying opportunity. According to Martinez, this suggests a potential upside target of $276,400 for Bitcoin—more than doubling its record high of $108,000 reached at the end of last year. Featured image from DALL-E, chart from TradingView.com
Im November 2024 geschah das aus Sicht vieler Europäer Undenkbare. Donald Trump gewann bei seinem dritten Antreten zur Wahl des amerikanischen Präsidenten zum zweiten Mal und besiegte Kamala Harris aufseiten der Demokratischen Partei. Die Wirtschaft setzte früh auf Trump Sein Sieg hatte sich in den vergangenen Wochen bereits abgezeichnet, zu massiv hatte die hohe Inflation […]
Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% retreat in a matter of days. The immediate catalyst appears to be the January 7 spike in US Treasury yields, with the 10-year rate hitting 4.67% following an unexpectedly strong ISM Prices Paid Index and higher-than-anticipated JOLTS job openings. Why The Trump Inauguration Is Bullish For Bitcoin While these data points renewed worries that inflation could persist, many seasoned observers insist the upcoming Trump inauguration is a reason to stay bullish on Bitcoin and crypto. The analysts from LondonCryptoClub (@LDNCryptoClub)argue that “everyone is overestimating both the likelihood of tariffs or at least the size,” highlighting that when Trump was previously in office, there was “no substantial inflationary impact” despite high-profile tariff announcements. Related Reading: Anticipating A ‘2025 Super Cycle’: Bitcoin Rallies With Trump’s Regulatory Reforms On The Horizon According to the analyst,s market participants risk overlooking the fact that “the US has also got to refinance over $7trn in debt this year,” which could force the Fed to keep rates lower and eventually end quantitative tightening. Raoul Pal, Founder of Global Macro Investor, echoed this sentiment by saying, “I tend to agree with this take.” I tend to agree with this take https://t.co/SzmHbyXoBc — Raoul Pal (@RaoulGMI) January 8, 2025 Supporters of the pro-Bitcoin thesis point out that any tariffs introduced under a new Trump administration might be politically large but practically modest, echoing the LondonCryptoClub view that “Trump goes big as a negotiation tactic and likely delivers much less.” Another focal point is the emerging liquidity scenario that has bolstered risk assets in the past. LondonCryptoClub sees the Fed ultimately “start to flood the market with liquidity,” especially given the swift depletion of the Reverse Repo Facility and the potentially temporary respite offered by the debt ceiling. The same argument extends to a renewed wave of “China-led global disinflation,” which could pressure the United States into rate cuts if growth shows signs of stalling. Chris Burniske, a partner at Placeholder VC, said he once assumed the market would rally straight into the inauguration and then sell off, but he now foresees another scenario: ““Agree w this – in Q4 was thinking we’d rally into inauguration and sell off after, but once that became too consensus a view + DXY & rates rallying, looks like we’re shifting to pain before, Valhalla after – prefer this setup tbh” Some analysts see direct benefits if Trump starts publicly discussing crypto again, given how it may raise Bitcoin’s profile. Crypto analyst Gammichan reminded followers that “we have a president who will be mentioning Bitcoin regularly” and emphasized that a strong dollar could be “fuel to pump us when it falls.” Gammichan also stressed that “3-5% inflation is excellent for BTC” and noted that while the Fed might keep rates high for the moment, it could “juice it whenever” because the government’s own interest expenses remain uncomfortably large, with trillions in debt to manage. This angle is further enhanced by talk that other global players, especially China, may continue to stimulate their economies, thereby boosting overall liquidity. We seem to have forgotten that: -We have a president who will be mentioning Bitcoin regularly -MSTR is in the NASDAQ -Fed is in a great position with room to juice it whenever -3-5% inflation is excellent for BTC -Strong DXY means fuel to pump us when it falls -Fed needs to get… — Gammichan (@gammichan) January 8, 2025 Felix Jauvin, host of the Forward Guidance podcast, underscored the broader shift in market psychology by stating, “We’re quickly going from ‘sell the news’, to ‘buy the news’ on inauguration.” Related Reading: Bitcoin To Blast Off? Trump’s Fury Over Interest Rates Signals Big Move Despite this generally upbeat narrative, short-term challenges remain. Recent economic data in the United States has surprised to the upside, prompting worries that the Federal Reserve might keep policy tighter for longer. Some investors see the next few weeks as a tug of war between rising yields and the prospect of renewed global easing. Still, LondonCryptoClub argues that the jump in yields might be a temporary head fake and that once the Fed recognizes how much refinancing must occur, it will be compelled to “help keep rates low” and eventually revert to “some form of ‘not QE QE’” if the repo market shows signs of stress. Those who believe in the “buy the news” thesis anticipate that as soon as the Fed’s liquidity taps reopen, Bitcoin’s price will likely rebound from its current slump and possibly continue higher throughout 2025. Market watchers also recall how, during Trump’s earlier presidency, the US dollar initially gained but quickly topped out. LondonCryptoClub noted that “the market reacted this way last time Trump got elected and quickly the dollar topped out,” suggesting that a similar scenario might play out again, with the dollar rallying briefly before weakening. Combined with the possibility of coordinated stimulus from major central banks, any sustained reversal in the dollar would likely spell good news for Bitcoin and the broader crypto market. At press time, BTC traded at $93,596. Featured image created with DALL.E, chart from TradingView.com
As the crypto market enters what Bernstein analysts refer to as its “Infinity Age,” a surge of positivity has arisen, especially with Bitcoin (BTC) recovering its momentum and rising toward the $102,000 level at the week’s start. Moreover, the excitement regarding the forthcoming Donald Trump administration in the US has generated fervor in the crypto […]
According to a recent Bloomberg report, Donald Trump’s crypto initiative, World Liberty Financial (WLF), is making significant strides by acquiring three altcoins worth millions. This move comes amid growing speculation that the decentralized finance (DeFi) platform is on the brink of “becoming operational.” Trump’s Crypto Venture Secures Major Token Purchases Since December 11, World Liberty […]
As President-elect Donald Trump approaches his inauguration on January 20, the cryptocurrency market has experienced a significant surge, with Bitcoin reaching an all-time high of $104,000 on December 5. This increase, nearly 50% since Trump’s election, has sparked expectations of a new era for crypto regulations in the United States. Sources close to Trump indicate […]
President-elect Donald Trump, now a vocal supporter of Bitcoin, took to social media to congratulate cryptocurrency holders on surpassing the $100,000 milestone for the first time in history. Bitcoin Price Surpasses $100,000 In a post on Truth Social, Trump expressed his excitement and support, stating, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump’s Bitcoin endorsement aligns with his campaign promises to position the United States as the “crypto capital of the world.” His administration, set to begin on January 20, 2025, is expected to implement significant regulatory changes through agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Related Reading: Hut 8 Unveils $750 Million Initiative To Establish Strategic Bitcoin Reserve These proposed adjustments are critical to fostering the growth of the digital asset ecosystem, which Trump believes will be a cornerstone of his presidency and a notable shift from President Biden’s administration and treatment of the nascent financial sector. The timing of Trump’s announcement coincides with the resignation of current SEC Chair Gary Gensler, who stated that his last day at the agency will also be January 20. This transition is anticipated to pave the way for former SEC Commissioner Paul Atkins, who is expected to take the helm with a pro-crypto vision. Legal chief Dan Gallagher of Robinhood Markets expressed confidence in Atkins, noting, “Paul Atkins was made for this job,” and predicting that he would tackle the industry’s concerns regarding “regulation by enforcement” from day one. BTC Valuation Surpasses Major Public Companies The recent surge past $100,000 has propelled Bitcoin’s market capitalization to over $2 trillion, making it a more substantial asset than most public companies, including tech giants like Nvidia, Apple, and Alphabet. This valuation also surpasses the government bond markets of several countries, including Spain and Brazil, and approaches the market capitalization of the FTSE 100 Index in the UK. Analysts are optimistic about the future, with Fadi Aboualfa, head of research at Copper Technologies, stating that reaching $100,000 indicates the beginning of a new phase in the bull market, one that appears resilient to external shocks. Manuel Villegas, a digital assets analyst at Julius Baer, added that the demand for Bitcoin remains strong, suggesting the possibility of a supply squeeze in the coming year, similar to previous trends. Related Reading: Dogecoin (DOGE) Bounces Back: Is a New Rally Brewing? Moreover, Trump’s return to the White House could signal a shift in government involvement in Bitcoin. During a Bitcoin conference earlier this year, Trump proposed the idea of creating a strategic stockpile of Bitcoin, starting with assets seized by the US government. Allies like Robert Kennedy Jr. and Republican Senator Cynthia Lummis have even suggested that the government could purchase 1 million Bitcoin, worth approximately $100 billion at current prices, as a means to back the US dollar. Starting Thursday, Bitcoin reached a new all-time high of $104,150 per coin, marking a substantial 6.6% surge within 24 hours. However, since that peak, the price has retraced to around $103,000 The question now is whether this upward trend can be sustained or if profit-taking by investors will lead to a correction for the leading digital asset. The future outlook will also depend on the next key support level, with $100,000 as a critical point that could facilitate further price increases. Featured image from CNBC, chart from TradingView.com
President-elect Donald Trump is set to nominate former SEC Commissioner Paul Atkins to lead the Securities and Exchange Commission (SEC), reinforcing his commitment to a crypto-friendly administration. This announcement follows the resignation of current SEC Chair Gary Gensler, whose last day in office will coincide with Trump’s inauguration on January 20. Clearer Crypto Regulations Ahead? […]
On Monday, Bitcoinist reported that President-elect Donald Trump was scheduled to have a private meeting with Brian Armstrong, the CEO of US-based crypto exchange Coinbase, expected to influence the landscape of cryptocurrency regulation in the United States. Coinbase CEO Discusses Crypto Landscape With Trump Fortune confirmed on Tuesday that the discussion took place over a […]
Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE). Trump Sets Sights On Crypto Expansion According to sources familiar with the ongoing discussions, TMTG is considering an all-share purchase of Bakkt, although the exact valuation remains unclear. As of Monday, Bakkt’s market capitalization was just over $150 million. Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% TMTG, which Trump has pledged to maintain a 53% stake in, has gained considerable attention in the stock market since the former president’s election victory on November 5. Despite reporting only $2.6 million in revenues this year, TMTG boasts an equity valuation of $6 billion, providing it with a robust currency for potential acquisitions. Following the announcement of the acquisition talks, Bakkt’s shares jumped 86%, reflecting investors’ optimism about the potential acquisition. TMTG’s share price also rose significantly by around 14%. TMTG Explores All-Share Purchase Of Bakkt Founded by ICE, Bakkt was initially designed to facilitate a range of crypto services, including a custody business aimed at holding the industry’s leading digital assets, Bitcoin (BTC) and Ethereum (ETH), for clients. However, this part of the crypto business has struggled, with reported operating losses of $27,000 against revenues of only $328,000 for the third quarter of the year. Consequently, it is expected that TMTG’s acquisition will not include Bakkt’s custody operations, which are likely to be phased out. Related Reading: MicroStrategy Makes Record $4.6 Billion Bitcoin Purchase, Largest Yet In terms of user engagement, Trump’s Truth Social remains relatively small, averaging around 646,000 daily visits compared to the 155 million daily visits on Elon Musk’s X platform. Still, the president-elect’s investment in TMTG is significant, accounting for more than half of his estimated $5.7 billion net worth, according to Bloomberg. Featured image from LA Times, chart from TradingView.com
President-elect Donald Trump is scheduled to meet with Brian Armstrong, the CEO of cryptocurrency exchange platform Coinbase, on Monday. According to the Wall Street Journal (WSJ), the meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump’s upcoming administration. Trump’s Vision For […]
FBI agents conducted a raid on the Manhattan apartment of Polymarket CEO Shayne Coplan early Wednesday morning, just a week after the election-betting platform accurately predicted Donald Trump’s victory. Political Allegations Surround Polymarket According to a report by the New York Post, Coplan was awakened at 6 am by law enforcement who demanded his phone […]
President-elect Donald Trump is poised to reshape the US government’s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions. According to the Washington Post, as part of his strategy to establish the United States as the “crypto capital of the world,” Trump’s transition team is consulting with cryptocurrency executives to explore […]
As crypto prices begin to recover from a prolonged period of consolidation and retracement observed during the second and third quarters of the year, the market is entering a phase of renewed optimism. This shift has been notably influenced by Donald Trump’s recent victory over Democrat Kamala Harris, which has coincided with Bitcoin (BTC) recording […]
CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely.
On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments. According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems. Detroit’s Cryptocurrency Move […]
Bitcoin has surged to new all-time highs, reaching $76,500, following Donald Trump’s victory in the US elections. This price breakout has reignited investor optimism, particularly among US traders, with demand increasing significantly since the election results. Trump’s pro-crypto stance has played a key role in boosting market sentiment, especially among institutional investors. Related Reading: Bitcoin […]
Bitcoin is trading around $75,000 following Donald Trump’s victory in the U.S. election, stirring fresh optimism in the crypto market. Trump’s pro-crypto stance has ignited excitement among analysts and investors who anticipate favorable policies for digital assets in his administration. With Bitcoin now sitting at all-time highs, many speculate this could begin a new rally phase. Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details Key data from CryptoQuant indicates that Bitcoin has reached a price equilibrium, suggesting there are no strong market forces pulling the price lower. This positive equilibrium reinforces the bullish outlook and hints at a stable foundation for further growth. Analysts believe Bitcoin may be set for new highs with fewer obstacles in the coming weeks. As investor confidence builds, some view this phase as a critical moment for Bitcoin to solidify its position in a pro-crypto policy environment. The combination of strong technical support and positive sentiment from Trump’s victory has set the stage for what many hope will be a significant upward trend, potentially driving the broader crypto market higher. Bitcoin Enters A Bullish Phase Bitcoin has officially entered a bullish phase after breaking past its previous all-time highs, reaching $76,500. This level has become a new area of focus as many analysts identify it as a potential resistance zone. According to CryptoQuant analyst Axel Adler, the market is currently balanced between a “Bubble” and a “Crash” phase. Adler’s analysis, which includes key on-chain data, suggests that Bitcoin’s market structure is at an equilibrium, meaning there are no significant fundamental reasons to anticipate a drop. Instead, this setup provides a stable foundation for possibly continuing Bitcoin’s upward trend. With the Federal Reserve’s interest rate decision set to be announced today, the next few weeks promise to be pivotal. A stable or favorable decision from the Fed could reinforce the optimism in the market, drawing in new demand and reinforcing Bitcoin’s position above $76,000. Many investors and analysts expect heightened activity from institutional players, particularly given Bitcoin’s resilience around this milestone level. The market’s balance at this juncture is crucial. As long as Bitcoin maintains its current structure, it has the potential to continue its upward trajectory without substantial risk of retracement. Related Reading: Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000? With fresh demand entering the market and the macroeconomic backdrop shaping up favorably, Bitcoin may soon aim for even higher levels. For now, all eyes remain on the $76,500 mark and how the market will respond in the wake of the Federal Reserve’s announcement. This period of consolidation could be the catalyst for the next leg up, solidifying Bitcoin’s bullish outlook. BTC Key Levels To Watch Bitcoin is trading at $75,000, holding steady above its previous all-time high of approximately $73,800. This level has become a critical support zone as BTC continues in a well-defined 4-hour uptrend. The trend began after a strong bounce from the 200 exponential moving average (EMA) at $66,800, indicating renewed bullish momentum. Bulls need to keep the price above the $73,000 mark to sustain this momentum, a key psychological threshold. This level boosts market confidence and provides a potential springboard for Bitcoin to reach higher targets soon. A confirmed hold above $73,000 could signal further upside, inviting additional buying pressure and potentially setting up BTC for new highs. Related Reading: Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst However, if BTC fails to hold this level, it could slip toward a lower demand area of around $70,500. Despite this possibility, current price action shows no significant signs of a downturn. The steady uptrend and firm support levels suggest that Bitcoin’s bullish outlook remains intact, with little indication of an imminent drop. As long as BTC maintains its structure, the path toward continued gains remains clear, reinforcing confidence in the ongoing rally. Featured image from Dall-E, chart from TradingView
With Donald Trump elected as the 47th president of the United States, the prospect of establishing a national Bitcoin reserve is gaining momentum. Trump has pledged to make BTC a cornerstone of the country’s economic recovery during his upcoming administration, which is set to begin on January 20, the day of his inauguration ‘We Are […]
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 […]
Bitcoin surged to new all-time highs during election night, hitting an impressive $75,300 as market excitement reached a fever pitch. This milestone pushed Bitcoin into price discovery, igniting significant liquidations across trading platforms. Data from CryptoQuant reveals an unprecedented surge in short liquidations, surpassing $100 million within a single one-minute candle, marking a historic moment for BTC. This explosive price action was fueled by the surprise Trump win in the U.S. election, which appears to have sparked renewed enthusiasm for crypto assets as investors respond to the potential economic policies ahead. The election outcome has sent shockwaves through the market, with Bitcoin leading a fresh rally across the crypto space. Related Reading: Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000? Now in uncharted territory, Bitcoin’s move above $75,000 represents a powerful statement of investor confidence despite broader economic uncertainties. As BTC enters price discovery mode, traders and investors alike are bracing for further volatility, while many anticipate that this momentum could extend into even higher highs. The coming days will be critical as Bitcoin’s price action continues to drive liquidations and shape the outlook for the broader market. Bitcoin Bullish Phase Begins Bitcoin has officially entered a bullish phase, setting new all-time highs following Donald Trump’s election victory. As a known crypto supporter, Trump’s win has spurred market optimism, pushing BTC’s price above previous ATHs in a surge that began as election results favored his lead. This bullish breakout was accompanied by a dramatic liquidation spike, signaling strong buying pressure as bearish bets were swiftly unwound. Data from CryptoQuant analyst Maartunn shows that short liquidations exceeded $100 million in a single one-minute candle—an unprecedented event that underscores the power behind this rally and suggests that Bitcoin’s upward momentum is just beginning. In the coming days, volatility will remain high as global markets digest the election outcome and brace for the Federal Reserve’s upcoming interest rate decision on Thursday. Investors anticipate a dynamic market response, with possible ripple effects across traditional and crypto markets. Should the Fed keep rates steady or make any dovish adjustments, it could further bolster Bitcoin’s rally and strengthen the broader crypto market. Related Reading: Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst The outlook remains bullish as market sentiment shifts positively with Bitcoin’s new price discovery phase. While short-term fluctuations are likely amid these major events, the long-term view favors a bullish trend as Bitcoin leads the crypto market higher in this new post-election environment. BTC Visits Uncharted Territory Bitcoin is trading at $73,800 after breaking its previous all-time highs and reaching a new peak of $75,300. This breakout has pushed BTC into uncharted territory, a phase that historically signals massive gains as bullish momentum builds. The focus is whether Bitcoin can maintain its momentum above the previous ATH of $73,800, a critical support level that could propel it further into new highs if held successfully. However, the timing of this move aligns with a particularly volatile week, as the market anticipates the Federal Reserve’s upcoming meeting. The Fed’s decision on interest rates could introduce significant unpredictability, potentially tempering BTC’s rise or even sending it below the $70,000 mark if the outcome diverges from market expectations. As BTC navigates this price discovery phase, investors are closely eyeing key levels. Related Reading: Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target Holding above $73,800 would strengthen the bullish narrative, while any pullback would test support levels and investor resilience amid broader market uncertainty. With volatility expected, this week could be pivotal for Bitcoin’s trajectory in the months ahead. Featured image from Dall-E, chart from TradingView
Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.
As Bitcoin (BTC), the largest cryptocurrency by market capitalization, celebrates its 16th anniversary, former President Donald Trump, now a Republican candidate for the upcoming US presidential election, has issued a message to the cryptocurrency community. In a post shared on his social media platform Truth Social and on X (formerly Twitter), the Republican candidate emphasized […]
With just six days remaining until the US presidential election, former President Donald Trump has intensified his support for Bitcoin (BTC) and the broader crypto industry. In a recent statement aimed at taxpayers, Trump proposed significant changes that could reshape the landscape for digital asset transactions in the United States, especially following years of heightened […]
In a recent interview on the Think Crypto Podcast, US Representative French Hill expressed his vision for a new leadership at the US Securities and Exchange Commission (SEC) in 2025, emphasizing the importance of innovation in the digital asset space. Hill, a long-time advocate for cryptocurrencies, also spoke candidly about the potential for significant regulatory […]
In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, predicts that Bitcoin could surge to $125,000 by the end of the year if former President Donald Trump secures victory in the upcoming US presidential election. When Bitcoin Could Hit $125,000 Kendrick’s analysis hinges on the interplay between Bitcoin’s price movements and the US political landscape. “We use daily BTC vol levels and popular strike levels to estimate post-election price moves,” he states in the report titled Bitcoin – Post-US Election Playbook. According to Kendrick, Bitcoin prices have been ascending in recent weeks, aligning with other trades favored by Trump supporters. The report forecasts that Bitcoin is likely to reach approximately $73,000 by Election Day on November 5, nearing its all-time high of $73,800 recorded in March. “Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win,” Kendrick notes. Related Reading: Is Too Late To Accumulate Bitcoin? What This Indicator Says Betting markets are reflecting increasing confidence in a Trump victory. “The average betting odds of a Trump victory now stand at 59%, according to RealClearPolitics. Furthermore, conditional probabilities in specific betting markets (Polymarket) suggest a 75% chance of a Republican sweep if Trump wins the presidency,” the report highlights. Should Trump win, Kendrick anticipates immediate bullish momentum for Bitcoin. “Assuming a Trump victory, options break-even implies a further price rise of about 4% when the presidential outcome is known, and around 10% in total within a few more days,” he explains. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ The potential for a Republican sweep of Congress amplifies this outlook. “If the Republicans sweep Congress, our year-end target level of USD 125,000 should come into view,” Kendrick asserts. This scenario is underpinned by significant open interest in Bitcoin call options expiring on December 27 at the $80,000 strike price, suggesting rapid movement toward that level. What If Harris Wins? In contrast, if Vice President Kamala Harris emerges victorious, the report suggests a temporary setback for Bitcoin prices. “If Harris wins, we see BTC initially trading lower but still ending 2024 at fresh highs around $75,000,” Kendrick projects. This implies a resilient long-term outlook for Bitcoin regardless of the election outcome, though the magnitude of gains would differ. Kendrick emphasizes the role of options market data in gauging potential price movements. “Options info helps estimate initial post-election price moves,” he states. The heavy trading volumes and popular strike levels serve as indicators of investor expectations and market positioning ahead of the election. The recent dip in Bitcoin’s price to a local low of $65,200 was addressed as well. Kendrick believes this is “likely to be the last before the U.S. presidential election,” suggesting that any short-term corrections may be overshadowed by the impending political developments. At press time, BTC traded at $67,520. Featured image created with DALL.E, chart from TradingView.com
As the crypto market approaches a pivotal moment with the upcoming US election in November, former President Donald Trump continues to voice his support with a recent post and the details of his new crypto venture, “World Liberty Financial.” Trump Vows To Make The US A Crypto Capital In a recent video release, Trump articulated […]
In a series of scathing social media posts, Charles Hoskinson, the founder of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party’s stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris. Hoskinson’s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from […]