Will Bitcoin Rise Or Fall Again? QCP Questions Trump-Fueled Rally
Bitcoin surged past $95,000 during low-liquidity trading hours on Sunday after US President Donald Trump made a major announcement. The formation of a US Crypto Strategic Reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), set the market ablaze with speculation. Many traders viewed this as a defining moment, one that could solidify crypto’s place in the U.S. financial system, while others remained wary, questioning whether the rally could sustain itself beyond the immediate reaction. Among those skeptical is QCP Capital. A Well-Timed Political Bitcoin....
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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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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....
As Juniper stated in its May report, it seems a Donald Trump presidency is going well for the price of Bitcoin, which has risen overnight with a gain of about 5 percent from $702 to $737. Coupled with the weakening Chinese yuan, the total USD value of trading volume on major Bitcoin exchanges, according to Blockchain.info, rose within the last 24 hours from $13.6 mln to $21.7 mln as of Nov. 8, whilst from Nov. 6 the number of daily confirmed Bitcoin transactions jumped from 228,420 to 296,060. The U.S. Republican presidential candidate’s rise in the poll for presidency has correlated with....