Is Trump Driving the Current Bitcoin Rally?
President Donald Trump's recent executive orders and announcements are considered to be the driving force behind recent Bitcoin price rally. Bitcoin, the popular cryptocurrency is currently going strong. The cryptocurrency, whose price fell below the $1000 mark at the beginning on 2017 has recovered once again. And this time, for a change, the price rise has been attributed to the recent actions of President Donald Trump and not the Chinese market. The increasing Bitcoin demand is a result of growing uncertainties in the global markets, driven by policy changes in the United States. As the....
Related News
Bitcoin has reached a new all-time high, surging to $97,852 on Binance. The cryptocurrency is up 5% in the last 24 hours and has gained an impressive 43% over the past 16 days since November 5. The momentum shows no signs of slowing as BTC price continues its steady ascent. Several key factors are driving this remarkable rally: #1 US Strategic Bitcoin Reserve Trade Following Donald Trump’s victory in the US presidential election, market sentiment has shifted significantly. The initial “Trump trade” has evolved into the “US Bitcoin Reserve Trade,” fueled by....
A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement. Related Reading: Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move According to a Bloomberg report, the lesser-known company […]
After a two-month-long downfall, which saw the total market cap of the top meme coins fall from $116.6B to just $40B, the meme coin market is up and running again. It has gained a staggering 45% in market cap in around three weeks. The larger crypto market is green, too, with the granddaddy of all cryptocurrencies, Bitcoin, climbing over $95K. It’s now within touching distance of its all-time high of $109K. Moreover, last week, Bitcoin ETFs experienced their largest inflows ($3B) since December. Plus, according to a recent forecast by financial services company Standard Chartered, we....
It may be the US election fever or it may be something else, but according to Google, the search for the “buy Bitcoin” term on the world's largest source of information platform is on an upward trend. Though the particular factors that may be driving the rising interest has not yet been ascertained, Google analytics show that interest over time is currently at 87 - that’s tipping towards its highest point of 100 between June 12-18. Bitcoin price has reached the $770 mark within the current period. Whether the current ascension, which according to Google kick started in Oct. 22, will....
Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....