Inauguration Day: Past Presidents Taking Office Has Boosted Bitcoin Bull Run
Bitcoin is struggling to hold onto $35,000 after an epic run, just as a new United States president takes office. And although things might appear suddenly bearish for the cryptocurrency in the short-term, past instances of new presidents taking the oath of office has led to the asset’s most bullish impulses yet. Here’s a detailed look at what could be next if the same pattern repeats for a third time in a row. Bitcoin Bull […]
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When Donald Trump won the presidential election in November, the price of bitcoin jumped. Following his inauguration today – not so much. On 9th November, prices bounced more than 3% as Trump, the controversial businessman and Republican presidential nominee, secured the votes to clinch the election versus former US secretary of state Hillary Clinton. That move came as stock markets worldwide sharply fell as Trump's victory became apparent. The reaction to Trump's inauguration, by contrast, was far more muted. Data from the CoinDesk Bitcoin Price Index (BPI) shows that today’s prices have....
In the lead-up to President-elect Donald Trump’s inauguration on January 20, Bitcoin investors may be in for excellent news, with a new record highly anticipated. According to blockchain analytics platform Amberdata, there has been a recent surge in whale activity. One trader recently spent around $6M to secure $100K in strike call options set to […]
Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
Bitcoin has pulled back $10,000 from highs set earlier in the year, and according to on-chain data, it is due to extreme profit taking from early investors and miners. Here’s what past bull markets suggest about the current sell off and if this is an opportunity to “buy the dip,” or if the top is in. Bitcoin Bull Market Correction Is Here, According To On-Chain Data After rising from $3,800 to over $40,000 in less […]
The Dogecoin network has seen a significant surge in activity following the inauguration of US President Donald Trump. Although this surge in activity cuts across the entire industry, on-chain data has revealed interesting dynamics among Dogecoin holders. These developments were brought into focus by crypto analyst Ali Martinez, who, using data from the analytics platform […]