• 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

XRP Trading Volume Reaches $386 Billion Amid Market Fluctuations

chest

XRP's trading volume has surged to $386 billion in a 24-hour period, indicating active market participation and potential buy pressure.

user avatarGustavo Mendoza

XRP Wallets Surpass 8 Million Despite Price Decline

chest

The number of wallets holding XRP has exceeded 8 million, indicating strong retail participation despite a significant drop in the token's price.

user avatarMaria Fernandez

Solana Price May Rally in April After Prolonged Decline

chest

Solana price is expected to rally in April after a prolonged decline, potentially reaching above 100 again.

user avatarRajesh Kumar

Final Text on Stablecoin Yield Compromise Delayed

chest

The release of the final text on the stablecoin yield compromise has been delayed due to concerns over the markup session.

user avatarLuis Flores

Stablecoin Yield Dispute Approaches Resolution

chest

The stablecoin yield dispute, a key issue delaying the crypto market structure bill, is nearing resolution after recent meetings.

user avatarMiguel Rodriguez

Strategy Resumes Bitcoin Acquisitions with $329.9 Million Purchase

chest

Strategy has resumed its buying spree after a two-week gap, acquiring 4,871 BTC for $329.9 million.

user avatarMaria Gutierrez

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.