• 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

a year 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

Market Phases and Volatility in Bitcoin Trading

chest

Analyst Mags outlines the two distinct phases of Bitcoin trading: the Bull Phase characterized by upward trends and the Bear Phase triggered by market structure breaks.

user avatarSon Min-ho

Bitcoin's Safehaven Potential Amidst Global Instability

chest

Bitcoin is viewed as a potential safehaven asset due to its unique characteristics, but it still behaves like a risk asset during uncertain times.

user avatarAyman Ben Youssef

Emerging Patterns in Meme Coins Highlight Market Coordination

chest

Analyst LSTrader outlines a broader strategy for Dogecoin, noting similar technical setups emerging across multiple meme coin projects.

user avatarTando Nkube

US Treasury Freezes $344 Million in Iranian Cryptocurrency

chest

The US Treasury Department has frozen over $344 million in cryptocurrency linked to Iranian military and political groups as part of efforts to cut off financial resources amid rising tensions.

user avatarNguyen Van Long

Ethereum Foundation Completes 10,000 ETH Sale to BitMine

chest

The Ethereum Foundation has completed a sale of 10,000 ETH to BitMine in an over-the-counter deal.

user avatarKofi Adjeman

AI Chatbots Linked to Reinforcement of Harmful Beliefs

chest

Researchers from Stanford University have raised concerns that prolonged interactions with AI chatbots can lead to the reinforcement of harmful beliefs and delusions.

user avatarJesper Sørensen

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.