Crypto Market Soars on Trump's Pro-Bitcoin Stance

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 65 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Business News

CRYPTOCURRENCY,BITCOIN,DONALD TRUMP

Bitcoin reached an all-time high near $108,000, fueled by President-elect Donald Trump's positive outlook on the crypto industry. Trump's pledge to create a strategic Bitcoin reserve has sparked speculation of favorable crypto policies, boosting market sentiment and attracting companies like Exodus Movement to list on the NYSE American.

You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. In the coming weeks, this daily update will replace the First Mover Americas newsletter, and arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, clickAs the year winds down, the crypto market seems to be catching an early dose of holiday fervor.

The incoming administration’s pro-crypto rhetoric has supercharged sentiment, with some analysts drawing comparisons with MicroStrategy’s balance sheet playbook, but on a national scale. While the idea of the U.S. stockpiling bitcoin feels audacious, the markets seem to like the fearlessness. The PENGU airdrop follows the high-profile airdrops of Hyperliquid and Magic Eden in recent weeks, with the former’s price action serving as a note of caution for potential early sellers of the token., Avalanche9000, introducing improvements that make it cheaper and easier to launch subnets. “This is the start of hundreds of Avalanche L1s launching,” the teamon X. “Avalanche9000 reduces the cost to deploy an L1 by 99.

Starting in 2025, the focus will be on crafting new strategies for how these autonomous agents can build and confirm trust in digital-currency ecosystems — providing credence to the niche sector that may initially pass off as yet another meme play. MicroStrategy's 30-day implied volatility has dropped 53% from a Nov. 22 high, indicating the market is expecting less dramatic price swings as we approach the end of the trading year.ETH is down 0.92%% at $4,011.12 DJIA closed -0.25% to 43,717.48U.S. 10-year Treasury was unchanged at 4.42%Technical Analysis

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4TShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »

$200 Billion From Crypto Markets as Bitcoin (BTC) Dumps Below $93K (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto market sheds $180 billion in a day as bitcoin slides further from $100,000 milestoneBitcoin’s price retreated further from the psychologically important $100,000 milestone as investors booked profits from the token’s post-U.S.…
Source: NBCDFW - 🏆 288. / 63 Read more »

Bitcoin Decouples From Stock Market, Surges Amid Crypto-Friendly SentimentBitcoin has experienced a notable divergence from the stock market, particularly the tech-heavy Nasdaq Composite, while surging in value post-election. The cryptocurrency's rise is attributed to the anticipation of a more crypto-friendly environment under the incoming administration, with Bitcoin reaching near $100,000 and maintaining strong support above $90,000.
Source: NBCNewYork - 🏆 270. / 63 Read more »

In new bitcoin bull market, it's time to beware of the same old crypto scamsWith bitcoin recently trading near $100,000, cybercriminals will be circling the wagons and preying on FOMO among investors.
Source: nbcchicago - 🏆 545. / 51 Read more »