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

Record Bitcoin Price Surge Amid US Political Events

user avatar

by Giorgi Kostiuk

8 months ago

Bitcoin hit a new high of $109,000 as speculative interest grows alongside Trump's upcoming inauguration.

Rise in Bitcoin Futures Funding Rate

Bitcoin's perpetual futures funding rate has reached a peak of 0.035%, indicating increased speculative interest. A positive funding rate shows long traders paying short traders, common in bullish markets. At the same time, accumulation trends suggest further growth potential.

Investor Optimism and Market Projections

Glassnode's report indicates the Long-Term Holder NUPL has surpassed 0.75, signaling market euphoria and greed. Ecoinometrics research suggests a 54% probability of over 10% returns in the coming month.

Current trends favor continued upward movement, despite the challenges of reaching $150,000 by 2025.None

Impact on the Cryptocurrency Market

Rumors of potential policy changes spurred increased activity in the cryptocurrency market. Researcher Min Jung noted speculation about a strategic Bitcoin reserve, adding uncertainty and driving market activity.

The market is driven by speculation, and the emergence of new factors could trigger further changes.Min Jung

The coincidence of Bitcoin's record surge with Trump's inauguration highlights the significant impact of speculative interest and political events on the cryptocurrency market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Michael Saylor's Strategy MSTR Sees Major Stock Surge Amid Bitcoin Rally

chest

Michael Saylor's Strategy MSTR sees a significant stock surge of over 73% amid Bitcoin's rally, driven by strong retail interest and positive remarks at the Bitcoin Treasuries Unconference.

Tando Nkube

Canadian Police Confiscate $405 Million in Crypto from TradeOgre

chest

The Royal Canadian Mounted Police has confiscated 56 million CAD in digital assets from the crypto exchange TradeOgre due to non-compliance with money laundering regulations.

Kofi Adjeman

Kalshi Hits $1 Billion Monthly Volume Amid Legal Challenges

chest

Kalshi has surpassed $1 billion in monthly trading volume, becoming a leader in the prediction market, while facing legal challenges from state regulators regarding its operations.

Nguyen Van Long

PayPal's PYUSD Stablecoin Expands to Nine New Blockchains

chest

PayPal's PYUSD stablecoin has expanded its reach to nine new blockchains, including Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, following the unveiling of additional support by LayerZero, an interoperability protocol.

Satoshi Nakamura

PayPal Introduces Peer-to-Peer Payments in Cryptocurrencies

chest

PayPal announced the launch of PayPal Links, enabling peer-to-peer payments in Bitcoin, Ethereum, and PYUSD, starting in the US with plans for international expansion.

Jesper Sørensen

Understanding the Risks of Bitcoin-Denominated Prediction Markets

chest

In his recent paper, Fedor Shabashev discusses the various risks and challenges associated with Bitcoin-denominated prediction markets, highlighting concerns such as Bitcoin's volatility and regulatory issues.

Filippo Romano

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.