Aurelia Butler

This spike in searches suggests that more people are becoming curious about how to purchase top assets like Bitcoin. The surge could have been triggered by news about the bullish run that pushed Bitcoin to $109,000. This has created a general hype outside the crypto space, prompting new investors to explore how to get in.Davis’s mention of retail indicates Bitcoin may witness a resurgence of individuals and nonprofessional investors. Notably, these investors are key to the crypto market as their renewed interest could signal a broader market revival for the leading digital asset.Primarily, a surge in retail investors usually leads to a spike in trading volume and market activity in general. In the crypto industry, retail interest in an asset usually precedes significant price movement. Hence, Davis highlights the possibility of further growth for Bitcoin on the back of this renewed public interest.As reported by U.Today, the odds of the new U.S. president announcing a Strategic Bitcoin Reserve increased to as high as 70%.Robert Kiyosaki, renowned author and Bitcoin investor, has called on his followers to buy more BTC. He predicts the asset could reach staggering price levels of $250,000 this year. Kiyosaki has even suggested that investors should HODL their assets and buy more.This article was originally published on U.Today More

The next 500 BTC transaction worth $54,305,084 also left the trading platform in less than 15 minutes. There are no indications that this is a dormant whale that has come alive, as the wallets have recent records of large transactions. In total, these three transactions were worth $162,502,588.Despite the high price outlook of Bitcoin, the coin remains a favorite among high-net-worth individuals. While many might insinuate that the coin is currently overbought, these whales believe in the “omega” rally propagated by Samson Mow.Should these three transactions be acquired, a long-term HODLing move could be initiated.Despite the high prices, Bitcoin’s technical strength also proves that a supply squeeze is ahead. Bitcoin mining has not matched up with demand since the last halving, placing BTC on a path toward a massive rally in the long term.This article was originally published on U.Today More

Much attention has been paid to the recent expansion of Solana’s meme coin industry. Massive trading volumes have been driven by these highly speculative assets attracting both new and returning investors to the larger cryptocurrency ecosystem. Together with its infrastructure improvements and ecosystem inflows, Solana’s growing activity generates a domino effect that improves Bitcoin’s price performance. The forecast for Bitcoin is encouraging. With more upside potential, Bitcoin is currently trading at $108,000 after recently breaking out of a significant resistance zone around $104,000. Consistent momentum is suggested by the volume’s steady increase and the breakout above the 50 EMA. Bitcoin has historically prospered during times when the cryptocurrency market is experiencing a surge in interest because institutional and retail participants see it as a safe harbor, in contrast to other erratic altcoins.CZ’s observation makes sense when considering the gateway effect of memecoins. The rise in speculative trading on meme coins raises interest in the cryptocurrency market and eventually directs funds and attention toward Bitcoin. Bitcoin, the industry’s mainstay, sees increased demand during marketwide rallies as a result of this inflow, creating a feedback loop. With support levels around $100,000 serving as a safety net, Bitcoin’s immediate resistance is located close to $112,000. Bitcoin may be about to see another big rally if the current momentum, which is being driven by meme coin traders, continues.This article was originally published on U.Today More

(Reuters) – Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.The crypto industry has spent years fighting lawsuits and enforcement actions by the U.S. government. It hopes the incoming Trump administration will mark a shift in policy.  Political appointees will be vetted for potential conflicts. Some have committed to selling their interests.The industry is hosting a sold-out black tie ball in Washington on Friday, with tickets ranging from $2,500 to $10,000. David Sacks, Trump’s artificial intelligence and crypto czar, is scheduled to attend.Below are some facts on the crypto positions of key members of the incoming administration and Trump’s inner circle.SCOTT BESSENTA billionaire hedge fund manager, Trump’s pick to be Treasury Secretary has spoken favorably about crypto.    “Crypto is about freedom and the crypto economy is here to stay,” he told Fox News in July. “I think everything is on the table with bitcoin.”According to a financial disclosure filed last month, Bessent holds shares in a BlackRock (NYSE:BLK) bitcoin exchange-traded fund worth between $250,001 and $500,000. Bessent will divest his interests in the fund and other investments within 90 days of his confirmation, he wrote last week to the U.S. Treasury.Bessent did not respond to a request for comment.HOWARD LUTNICKTrump’s choice for Secretary of Commerce is a vocal supporter of bitcoin.Lutnick is CEO of New York brokerage firm Cantor Fitzgerald, which earns fees to manage billions of dollars’ worth of U.S. Treasuries for Tether, the company that issues the eponymous stablecoin.”Do I own bitcoin? Of course I do,” Lutnick said at the Bitcoin 2024 conference in July. “Does Cantor Fitzgerald own bitcoin? A shedload of bitcoin.”Lutnick did not respond to a request for comment.ELON MUSKThe Tesla (NASDAQ:TSLA) chief and world’s richest man, chosen by Trump to oversee a government cost-cutting effort, the so-called Department of Government Efficiency, has long championed crypto including bitcoin and dogecoin.His public comments and actions of his companies have in recent years influenced the price of bitcoin and dogecoin, a smaller token conceived as a joke during an earlier crypto bubble.The acronym for Musk’s cost-cutting agency, DOGE, is a nod to dogecoin, which is now the world’s seventh-biggest crypto token based on its circulation of $4.5 billion, according to data provider CoinGecko.In 2021 Tesla bought $1.5 billion of bitcoin, becoming one of the biggest companies to own crypto before selling most of its holdings. It held unspecified digital assets totaling $184 million in September 2024, a company financial report showed. Musk did not respond to a request for comment sent via Tesla on what crypto assets he may hold. VIVEK RAMASWAMY Set to work with Musk at DOGE, the former presidential candidate and entrepreneur is the founder of Strive Asset Management.Strive, which said in September it managed over $1 billion in assets, last month filed to launch an exchange-traded fund that invests in corporate bonds for bitcoin investments. The company’s wealth management arm, launched in November, seeks to integrate bitcoin into Americans’ investment portfolios, Ramaswamy said in a press release.In June 2023, Ramaswamy held $100,001 to $250,000 of bitcoin and $15,001 to $50,000 worth of the smaller token ether, according to a financial disclosure. He did not respond to a request for comment.DAVID SACKS A former PayPal (NASDAQ:PYPL) executive, Sacks was appointed White House artificial intelligence and crypto czar in December, tasked with developing a U.S. legal framework long sought by the crypto industry.Sacks is a co-founder of venture capital firm Craft Ventures. The firm has invested in crypto firms including BitGo and Bitwise, its website shows. Sacks did not respond to requests for comment. STEVE WITKOFFTrump’s Middle East envoy Steve Witkoff, a real estate tycoon and donor to the incoming president, founded crypto venture World Liberty Financial in November.World Liberty, which sells a proprietary token, lists on its website Trump as among those entitled to a large share of any of the company’s revenues.Witkoff did not respond to requests for comment.ERIC TRUMP, DONALD TRUMP JR., BARRON TRUMPEric Trump told Reuters last year he was very involved in World Liberty, which he, his elder brother Don Jr. – seen as the most influential family member in the presidential transition – and younger half-brother Barron helped to form.Eric told a bitcoin conference in December the technology was a “financial revolution,” and that his father would make the United States the crypto capital of the world.JD (NASDAQ:JD) VANCEU.S. Vice President-elect Vance held between $250,001 and $500,000 in bitcoin in August 2024, according to a financial disclosure.The venture capital firm co-founded by Vance, Narya, has made investments in Strive, Ramaswamy’s asset management company, and video platform Rumble, its website shows. In November, Rumble said it would allocate its excess cash reserves to bitcoin. The company also received last year a $775 million investment from stablecoin firm Tether. Asked for comment on the crypto stances of Vance and Trump’s sons, Trump-Vance transition spokesperson Brian Hughes said – without providing evidence – that bureaucrats in Washington had sought to stifle innovation with more regulation and higher taxes.”President Trump will deliver on his promise to encourage American leadership in crypto and other emerging technologies,” he said in a statement to Reuters.PAUL ATKINSAtkins, a lawyer and former top SEC official, is Trump’s choice to lead the Securities and Exchange Commission and has advocated for deregulation. He is expected to take a softer approach to crypto than current Chair Gary Gensler. Atkins is chief executive of Patomak Global Partners (NYSE:GLP), a consultancy. Patomak advises “cutting-edge crypto-native companies” and traditional financial firms on how to “leverage digital assets for growth,” its website says.Atkins did not respond to a request for comment. More

SINGAPORE/LONDON (Reuters) -Donald Trump’s newly created cryptocurrency soared on Monday to nearly $11 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect’s return to the White House.Launched on Friday, Trump’s meme coin, also known as $TRUMP, stood at $52.71 by 1230 GMT on Monday, giving it a market capitalisaton of about $10.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. The coin rose to as much as $74.59 on Sunday, having risen from less than $10 early on Saturday morning, while 24-hour trading volume reached $52.5 billion. Trump had on Friday launched the digital token with branding including an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial. Of the total number of tokens, 80% are owned by CIC Digital LLC, which is an affiliate of Trump’s business The Trump Organization, and another business called Fight Fight Fight LLC, the token’s website says.Melania Trump launched her own cryptocurrency on Sunday, which was trading at around $9.6 with a market cap of $1.85 billion, at 1230 GMT, according to CoinMarketCap.Bitcoin hit an all-time high of $109,071.86 in early European trading before falling back to trade around $106,600. The world’s largest cryptocurrency has surged more than 10% so far this month.”PANDORA’S BOX”Even cryptocurrency community participants were surprised by the launch of Trump’s meme coin. “While it’s tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora (OTC:PANDY)’s box of ethical and regulatory questions,” said Justin D’Anethan, an independent crypto analyst based in Hong Kong.While the coin represented a blending of the world of decentralised finance (DeFi) into the political arena, it also “blurs the lines between governance, profit, and influence,” D’Anethan said.”Should public figures, especially those with such political clout, wield this kind of sway in speculative markets? That’s a question regulators are unlikely to ignore,” he said.Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, pointed to the jump in $TRUMP’s value and called it the new digital gold, on messaging platform X.Trump has promised to be a “crypto president”, and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets.He is due to assume the presidency at noon ET (1700 GMT) on Monday.The prospect of looser regulations around crypto policy has been met with fanfare by the industry and had turbocharged a rally in bitcoin following Trump’s election victory in November. More

Meanwhile, the third largest cryptocurrency by market capitalization, XRP, has experienced an impressive surge that exceeded 12%.The cryptocurrency community reacted, leaving numerous comments under the tweet. Many have taken this large XRP transfer as a bullish sign. However, data shared by the XRP-focused explorer Bithomp shows that the anonymous wallet, which made the XRP transfer, was linked to the Binance exchange. Therefore, the probability is high that this was merely an internal transfer, as Binance reshuffled its XRP holdings and spread them among new wallets.That price spike took place after the 9.21% decline XRP faced on Sunday. However, today, XRP, along with the rest of the cryptocurrency market, followed the trajectory of Bitcoin. The world’s primary crypto skyrocketed to a new all-time high of $109,114, reached two hours ago.Schwartz responded that it is not necessarily so, and the new “enemy of crypto” may never appear – and in that case, crypto fans may start attacking each other. The Ripple CTO cautioned the XRP community from doing that, saying that it is worth saving energy for fighting a new enemy if it ever appears.This article was originally published on U.Today More