• 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

Long-term XRP Investors Withdraw Significant Amounts

chest

Long-term XRP investors have recently withdrawn 825 million tokens, marking a significant dip in their holdings.

user avatarGustavo Mendoza

Hackers Embed Crypto Wallet-Stealing Malware in Popular AI Tool

chest

Hackers have embedded crypto wallet-stealing malware in a popular AI tool, allowing it to execute silently and target users' wallet credentials.

user avatarRajesh Kumar

UK Government Implements Ban on Cryptocurrency Donations to Political Parties

chest

The UK government has announced a complete and immediate ban on cryptocurrency donations to political parties, citing concerns over election transparency and national security.

user avatarLuis Flores

Meme Coin 'KitKat' Experiences Trading Surge After Theft

chest

Meme coin 'KitKat' experiences a trading surge after the bizarre theft of over 413,000 KitKat bars, with a price increase of approximately 203% in one hour and over 2,300% in six hours.

user avatarArif Mukhtar

Truck Loaded with 413,000 KitKat Bars Disappears

chest

A truck loaded with more than 413,000 KitKat bars vanished on its way from Italy to Poland, raising alarms about cargo theft.

user avatarMaria Gutierrez

Ethereum Price Faces Potential Drop to $1,200

chest

Analyst Leshkaeth warns that Ethereum's Ether (ETH) could decline towards the $1,200 region if key support at $1,990 is breached.

user avatarDavid Robinson

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.