Crypto Market Soars on Trump's Pro-Bitcoin Stance

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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

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