“Bitcoin Surges as Trump’s Support Fuels Market Optimism”
The leading cryptocurrency surged to $108,315 before pulling back slightly to just below the $105,000 mark. The total crypto market cap edged closer to the $4 trillion mark during this rally, according to data from CoinGecko.
Donald Trump, the President-elect, has expressed strong support for cryptocurrencies, promising friendly regulations to make America a leader in this space. He even backed the idea of a strategic national Bitcoin reserve.
Additionally, news that MicroStrategy Inc., a company focused on raising capital to invest in Bitcoin, will soon be added to the Nasdaq 100 index, further fueled the market’s optimism.
However, attention now turns to the crucial Fed meeting, where a 0.25 percentage point rate cut is expected to be announced. K33 Research analysts believe that while this meeting could cause market volatility, the subsequent quiet macro weeks leading into the holidays may provide an opportunity for Bitcoin to continue its upward trajectory. “After the FOMC, quiet macro weeks lie ahead, which could allow Bitcoin’s rally to continue through the festive season,” they remarked.
Since Trump’s presidential election win on November 5th, Bitcoin has surged over 55%, reflecting investors’ strong faith in the cryptocurrency’s future. Investors have poured into US crypto ETFs, dismissing warnings about Bitcoin’s volatile history.
The Vanishing Liquidity: Personal Cash Flow Still Nets Nearly VND 500 Billion
Liquidity across the three exchanges fell to just VND 14 trillion. Although today’s market saw a poor inflow of cash, this is a temporary state as investors hold off for new developments.
The Rise of Bitcoin: Breaking Records Post-Trump Announcement
Former President Trump has once again expressed his intention to open a national strategic reserve of Bitcoin, akin to the country’s strategic oil reserves.
The Bitcoin Frenzy and Easy Money Policy
If financial conditions are truly tight, as Fed governors claim, then the markets are yet to get this message.
The Systemic Risks in the Bitcoin Frenzy
Bitcoin’s price surge of over 40% has captured the attention of the global market, with US President-elect Donald Trump’s endorsement of digital currency and his appointment of like-minded individuals to his cabinet taking center stage.
The New King of Crypto: Bitcoin Smashes Records, Surging Past 106,000 USD
“Bitcoin Surges to New Heights as US Politics Warms to Digital Assets.”
