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....
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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....
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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....
Former US President Donald Trump claims that he dislikes bitcoin because it is a competitor to the dollar, which he wants to be the world’s currency and urged US regulators to take action to monitor it. Trump Thinks Bitcoin Is A Scam Trump was asked about his opinion on cryptocurrency and the US stock market […]