• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Sees Massive Surge Post Trump's Re-election

user avatar

by A1

4 hours ago


Following Donald Trump's re-election, Bitcoin experienced a significant surge. Last week, its price nearly reached $110,000, but recent fluctuations have led to a 12% decline.

Fed's Policy and the Crypto Market

The Federal Reserve's cautious stance on interest rate cuts and Chair Jerome Powell's negative remarks about Bitcoin have contributed to market volatility. Powell mentioned that Bitcoin reserves could promote economic instability, resulting in a retreat from record levels and drawing attention from market participants.

ETFs and Investment Flows into Bitcoin

In the US, Bitcoin ETFs saw a net outflow of $948.9 million after a prolonged period of calm. However, ETFs continue to hold 1.139 million BTC, equivalent to 5.425% of the total Bitcoin supply. Analysts indicate this outflow is due to long-term investors liquidating portfolios to create market liquidity.

Market Analysis and Investor Strategies

Experts emphasize the recent declines don't indicate Bitcoin's weakness. As per Swissblock analysts, these movements showcase the market’s potential for recovery. Continuous profit-taking reinforces confidence in Bitcoin’s long-term resilience, suggesting the market might find new direction in light of Fed's upcoming interest rate decisions and economic policies.

Investor behavior and economic developments significantly shape future strategies in the Bitcoin market. Hence, it is crucial for market participants to act with awareness.

0

Share

Other news

Dawgz AI Raises $500k in Meme Coin Presale

Dawgz AI raises $500k in presale, showing investor confidence in the unique AI project on Ethereum.

user avatarA1

13 minutes ago

Crypto Market Overview: Altcoin Prospects Amid Bitcoin Surge

Altcoins like XRP, TRX, and SOL show growth potential as Bitcoin surpasses $100,000.

user avatarA1

14 minutes ago

Pay3 Introduces Digital Payment Platform in Telegram

Pay3 launches platform to simplify crypto transactions in the TON ecosystem through Telegram integration.

user avatarA1

15 minutes ago

Michael Saylor Proposes $590 Trillion Digital Asset Expansion

Michael Saylor's plan could expand digital assets to $590 trillion, boosting the US economy.

user avatarA1

17 minutes ago

Bo Hines Appointed Head of the Crypto Council

Bo Hines is appointed head of Trump's Crypto Council, part of a strategy to enhance US leadership in crypto.

user avatarA1

17 minutes ago

Securing Bitcoin: Multisignature as a Solution

Discussion on multisignature as a solution to Bitcoin's security issues and future cryptocurrency prospects.

user avatarA1

18 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.