• 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

New Guidelines Seek to Improve Reporting Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in reporting.

user avatarMohamed Farouk

XRP's Design Offers Greater Protection Against Quantum Threats Compared to Bitcoin

chest

Experts suggest that XRP's design minimizes exposure to potential quantum attacks compared to Bitcoin.

user avatarElias Mukuru

Senators Question Trump's Attendance at Controversial Memecoin Luncheon

chest

Three Democratic senators have questioned the potential attendance of President Trump at a memecoin luncheon, raising ethical concerns about misleading promotions.

user avatarDiego Alvarez

Concerns Grow Over Bitcoin's Future Amid High Volatility

chest

Concerns grow over Bitcoin's future due to high volatility, which is four times that of the S&P 500. The launch of Bitcoin ETFs may lead to a market reversal, prompting investors to reconsider their positions.

user avatarKenji Takahashi

Polymarkets Surpasses $4 Billion in Total Volume with Chainlink Integration

chest

Polymarkets' five-minute and fifteen-minute crypto markets have surpassed $4 billion in total trading volume, with over $200 million generated in the first week of trading.

user avatarMaria Fernandez

Zcash Surges Past Resistance Level, Analyst Predicts Bullish Trend

chest

Zcash (ZEC) has surged past the resistance level of a Descending Triangle pattern, indicating a potential bullish trend.

user avatarGustavo Mendoza

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.