Author: Maria
Founder and CEO of Professional Capital Management Anthony Pompliano has emphasized the importance of Donald Trump setting up a national Bitcoin (BTC) reserve. The entrepreneur has also shared some thoughts on the selection of the next SEC chairman which may hold more weight for altcoins than Bitcoin. There’s A Global Race Underway For Bitcoin – Pompliano In a recent interview with Yahoo Finance, Anthony Pompliano commented on the crypto market’s buoyant reaction to Trump’s electoral victory. According to Pompliano, investors believe the Republican President-elect and are highly confident in his willingness to implement all crypto-related manifestos. He explains that this belief…
Bitcoin isn’t just making a spectacular run in the market of late, with its price hitting over $81,000, another all-time high. According to Google Trends, Bitcoin searches on its search engine have surged by nearly 60% in just one day, as the digital asset’s price continue to soar. Google Trends figures show searches for BTC last November 10th were up from 37 points compared to the previous day. There has been a notable increase in search volume for the term, which coincides with the asset’s market run, which started at around $70k and went up to $80k. Its futures premiums…
Many analysts aren’t surprised by the recent price surge of Bitcoin to $80,000, given Donald Trump’s convincing victory in the recently concluded US national elections. Some market analysts and observers offer even bolder projections, fueled by rumors of a Bitcoin strategic reserve and the possible approval of the Bitcoin Law. Trading firm QCP is one of those analysts taking a bullish stance on the crypto, predicting that the top digital asset will break $120,000 soon. QCP cites the administration of incoming President Donald Trump, the plan to create a strategic BTC reserve, and updated US inflation data as critical drivers…
Ethereum is back on an upward trajectory after finding solid footing at the $3,051 key support level, sparking hopes for continued bullish momentum. The recent rebound highlights the strength of buyers’ interest, as ETH resists bearish attempts to drive prices lower. As the uptrend resumes, traders are closely eyeing critical resistance zones that could shape Ethereum’s next move. Will this recovery lead to a sustained rally, or will the market face renewed selling pressure? This analysis aims to examine Ethereum’s recovery as it resumes its uptrend after defending a critical support level. By analyzing key resistance zones and market dynamics,…
Two prominent crypto personalities—Michael Saylor of MicroStrategy and Sen. Cynthia Lummis of Wyoming—support the call to create a Bitcoin reserve. In a CNBC interview, Saylor reiterated his bullish take on Bitcoin and suggested that creating a reserve of 1 million Bitcoins could help cut US debt by $16 trillion, or by 45%. Before Saylor’s comments on the CNBC interview, Rep. Lummis filed a bill increasing the country’s digital asset reserves. The US government will buy up to 1 million Bitcoins over five years as laid out in the Lummis Bill. Michael Saylor and Lummis believe integrating the top digital asset…
Memecoins’ have posted average returns of 103% over the past 30 days — over 6x higher than the crypto market’s 16.1% average return, according to data from Artemis.Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPE’s “beta play” PepeCoin also rose significantly, with a 121.1% gain.Meanwhile, Solana-based Bonk (BONK) climbed 70.2%, while Base’s Brett (BRETT) saw a 63.5% price increase over the period.Notably, many memecoins connected to the US elections have crashed in the days following the conclusion of the presidential race, including…
A small Asian country sitting in the Himalayas is now among the largest holders of Bitcoin in the world. Bhutan might be occupying a small land area but it achieved a huge milestone in its cryptocurrency investments hitting $1 billion worth of Bitcoin. Strategic Move The landlocked Himalayan country has been increasing its presence in the crypto space by building its Bitcoin reserves. This move which analysts see as a strategic investment approach now bore positive results. Arkham Intelligence reported that Bhutan became a major player in the cryptocurrency industry, owning $1 billion worth of BTC, an outstanding feat for…
Bitcoin Price And The Trump Effect: Here’s What Happened The Last Time Donald Trump Was President
The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time. The Trump Effect On The Bitcoin Price Crypto analyst Mags has taken to X (formerly Twitter) to discuss Bitcoin’s bullish reaction to Trump’s recent Presidential victory in the US elections. According to the analyst, the last time Trump won the Presidential election in 2016, the Bitcoin price jumped 2,700% and…
Negative sentiment is gradually growing in the general crypto market once again, with major digital assets like Ethereum, the second-largest cryptocurrency, witnessing a notable setback that led to a slowdown of its renewed upside price momentum. Due to the sudden drop, several crypto analysts believe that the altcoin could face an extended bearish movement shortly. Ethereum Set To Enter A Correction Phase IC News, an informative platform has delved into Ethereum’s current price action, offering an insightful perspective about its performance in the near term. After a thorough examination, the platform highlighted that ETH might be on the brink of a temporary corrective…
Nashville-based asset manager Canary Capital filed an S-1 form for an exchange-traded fund (ETF) tied to HBAR, the native asset of the Hedera blockchain. The move comes weeks after Canary’s filed for an HBAR trust and adds to its growing repertoire of applications for spot ETFs connected to Litecoin, XRP, and Solana. Following the news, HBAR surged nearly 28%, according to CryptoSlate data. The token is currently the 48th largest crypto by market cap, with a fully diluted value of roughly $3.3 billion. The ETF Store CEO Nate Geraci had predicted that more crypto-related ETFs would be filed this week,…