Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11460
Markets: 87462
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11460
Cryptocurrencies
58.72%
Bitcoin Share
Seeking Alpha 2024-11-22 10:49:44

This is the level Bitcoin would have to reach under Trump to match Biden and his prior term

This is the level Bitcoin would have to reach under Trump to match Biden and his prior term

Bitcoin ( BTC-USD ) is within a whisker of touching the $100,000 threshold, in a development that has shocked Wall Street's old guard, but has not surprised the most dedicated HODLers. It's an investing moment to appreciate, no matter what side one takes in the crypto debate, and will surely be one of the topics discussed around tables this Thanksgiving. In overnight trading, BTC-USD advanced another 4% to reach a high of $99,512. Crypto catalysts: It's not only Bitcoin ( BTC-USD ). The crypto market as a whole has grown from about $2.5T to a $3.5T capitalization since Donald Trump's election win on Nov. 5. Trump has committed to fostering a favorable crypto environment and vowed to eliminate "tough" laws that stifle the industry, while promising to fight CBDCs and create a Bitcoin Strategic Reserve. In yet another win for crypto bulls, SEC Chairman Gary Gensler just announced his coming resignation , building on the ouster of Ohio Senator Sherrod Brown, who was no friend of the sector as Chair of the Senate Banking Committee. That's not all. Crypto backer and Cantor Fitzgerald CEO Howard Lutnick has been nominated as Commerce Secretary, while reports suggest that Trump Media ( DJT ) is in talks to buy crypto trading platform Bakkt ( BKKT ). There has also been heavy buying from major Bitcoin holder MicroStrategy ( MSTR ), as well as the debut of options on Bitcoin exchange-traded funds like the iShares Bitcoin Trust ETF ( NASDAQ: IBIT ). It has all helped more institutional and retail investors come aboard the crypto ship, pushing up prices via direct buying and a broader range of ETFs. Crypto First: How much does politics play into crypto markets? Whether and how movement is correlated is always open to debate, with many investors (and voters) touting market performance under different administrations. Some may be surprised that Bitcoin ( BTC-USD ) is up a whopping 395% from the time Biden got elected in 2020 until the vote in 2024, which would mean Bitcoin ( BTC-USD ) would need to hit $345,000 under Trump (Round 2) to match that record. It may also come as a surprise how much Bitcoin ( BTC-USD ) advanced during Trump's first term, when he called it a scam and was far from being a crypto advocate (Bitcoin would need to reach $1,400,000 to match that level). More on crypto MicroStrategy sinks after Citron Research shorts 'overheated' stock SA Sentiment: Should the U.S. create a Strategic Bitcoin Reserve? A closer look at financial conditions and Bitcoin movement Weekly ETF Flows: SPY records inflows, bitcoin funds see large influx of capital More Seeking Alpha subscribers are open to investing in crypto Galaxy CEO: There will be a correction in Bitcoin, but $100k is ‘inevitable’

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
58.72%
Bitcoin Share
437
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.