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Crazy cryptocurrency market! Analysts are betting that bitcoin will not experience a significant pullback until it reaches $150,000.
①Bitcoin's price has surged nearly 30% in the past seven days, breaking through $89,000 in the past 24 hours; ②Analysts predict that Bitcoin's price will continue to rise due to positive political momentum, social media hype, continued interest rate cuts, and the prospect of becoming a strategic reserve asset for the United States.
Latest cryptos news | Bitcoin approaching the $90,000 psychological barrier; Tesla's bitcoin holdings value surpasses $1 billion
Market information shows that the current global crypto market cap is about $3.11 trillion, up 6.8% in the past 24 hours, surpassing the previous high of $3.069 trillion on November 9, 2021.
"Trump 2.0", why is bitcoin skyrocketing while gold is plummeting.
Analysis suggests that 'Trump 2.0' may lean towards a 'small government' ideology, reducing government intervention and avoiding expansionary fiscal expenditures, which is bullish for bitcoin as a 'decentralized' asset. This cautious fiscal style also suppresses the safe-haven properties of gold, weakening its attractiveness as a hedge asset.
Across the board breakthrough! Last night, these four numbers interpreted the "Trump trade".
1) 350, 6000, 44000, 88000 - Do you know the meaning of these series of numbers? 2) They represent the integer positions reached by Tesla, s&p 500 index, Dow Jones, and Bitcoin respectively yesterday's breakthrough.
The US dollar, bitcoin, and Tesla are surging! Investors are all in on the 'Trump trade'.
The 'Trump trade' is causing a new wave, the dollar hitting a more than four-month high, non-US currencies under pressure; Bitcoin is unstoppable, aiming for the milestone of 0.1 million US dollars before the end of the year; Tesla, since the election day, has seen an almost absurdly large rebound of 39%.
Express News | Trump is looking for candidates to support cryptos for financial institutions.