Inauguration Day: Past Presidents Taking Office Has Boosted Bitcoin Bull Run

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 […]


Related News

Bitcoin Markets Muted as Donald Trump Becomes US President

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....

ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4

Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.

Bitcoin On-Chain Data Indicates Extreme Profit Taking Underway

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 […]

Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvador’s constitution prohibits presidents from serving consecutive terms. Re-Election of Presidents a Common Practice in Developed Countries El Salvador’s bitcoin-embracing leader, President Nayib Bukele, recently revealed that he plans to serve another five-year....

Binance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Prim...

Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond. CZ’s Meeting With the Senegalese President The CEO of Binance, Changpeng Zhao (CZ), tweeted on July 6 that he’d met Senegalese president Macky Sall and the central bank. However, CZ neither shares details of the meeting nor does he identify officials from the central bank that were present at the....