The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after announcing the Fed has lowered its key interest rate by a quarter percentage point in its third consecutive reduction. When asked if he sees any value […]
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Crypto.com CEO Kris Marszalek has met with US President-elect Donald Trump to discuss the future of the industry ahead of the new administration’s entry into the White House. According to a new Bloomberg report, Marszalek and Trump recently met at Mar-a-Lago to discuss the possibility of a national Bitcoin (BTC) reserve, among other things. The […]
The post CRO Rallies As Crypto.com CEO Kris Marszalek Meets With Donald Trump To Discuss Bitcoin Reserve: Report appeared first on The Daily Hodl.
Bitcoin (BTC) is starting the week at another all-time high as optimism around the incoming new presidential administration builds. At time of writing, BTC is trading above $107,000, up nearly 10% in the last week and over 150% year-to-date. President-elect Donald Trump, the first vocally pro-digital asset commander-in-chief of the US who has referred to […]
The post Bitcoin Breaks $107,000 in Parabolic Advance As ‘Crypto President’ Trump Acquires DeFi Coins appeared first on The Daily Hodl.
Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […]
$2.9 billion in Bitcoin liquidations happened in December, but the flush out is preparing BTC for new highs.
Bitcoin (BTC) price experienced two episodes of $1 billion or higher futures market liquidations since Dec. 5, albeit its price began and ended the period near $97,000. The latest event moved Bitcoin from $101,430 on Dec. 8 to $94,200 on Dec. 9, a crash that wiped out $2.9 billion in leveraged positions.
Despite the short-term negative impact on sentiment, the Bitcoin derivatives market is presently in a much healthier state, which is precisely what’s needed for a surprise rally to a new all-time high. Traders are less likely to buy during signs of overheated markets, such as an excessive perpetual contract funding rate.
Bitcoin futures aggregate open interest, BTC. Source: CoinGlass
Since Election Day, bitcoin exchange-traded funds (ETFs) have garnered the attention of Wall Street investors who seem convinced that President-elect Donald Trump will be able to bring regulatory clarity to push the bitcoin industry to new heights. The companies offering these investment tools have registered inflows of close to $10 billion since November 5, boosting […]
Donald Trump has appointed former PayPal operating chief David Sacks, known for co-hosting the “All In” podcast, as his top AI and crypto adviser.
United States President-elect Donald Trump has named All In podcast co-host and venture capitalist David Sacks as his lead policy adviser on artificial intelligence and crypto.
“David O. Sacks will be the ‘White House A.I. & Crypto Czar,’ Trump wrote in a Dec. 6 post on his social media platform Truth Social — two areas he called “critical to the future of American competitiveness.”
“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.,” Trump added.
The tariff threats from President-Elect Trump against countries with issues with the U.S. are negatively affecting these nations’ currencies. The Chinese yuan has experienced a continuous decline, causing it to hit its lowest price in the last 15 months. Trump Tariff Threats Take Chinese Yuan to 15-Month Low The election victory of President-Elect Trump is […]
Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows.
The cryptocurrency market’s bullish momentum may slow after United States President-elect Donald Trump’s inauguration on Jan. 20, 2025, according to data on historical market performance during US election years.
In the US, stocks — and cryptocurrencies such as Bitcoin (BTC) — perform well in the weeks after a presidential election and then cool off once the President-elect takes office, according to data from Bloomberg and researcher Macrobond Financial.
This is especially pronounced when the incumbent president is a Republican, according to data from TS Lombard, a research group. The Republican party is typically seen as more business-friendly, sparking greater post-election market euphoria.
Donald Trump’s election win, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge.
Ripple’s XRP token has surged to a new 2024 high as investors anticipate pro-crypto developments in the United States under President-elect Donald Trump.
On Dec. 1, XRP (XRP) surpassed Solana (SOL) in market capitalization and has since flipped Tether’s USDt (USDT) to become the third-largest crypto asset by market cap. Cointelegraph Markets Pro data shows that the token surged as high as $2.46 on Dec. 2 before dropping back to $2.29.
Seven-day price chart for the XRP token. Source: Cointelegraph Markets Pro
