• Crypto Wire
  • Posts
  • Bitcoin Soars as Trump Embraces Digital Currency Boom.

Bitcoin Soars as Trump Embraces Digital Currency Boom.

Ever Wonder Why Bitcoin Prices Fluctuate?

Welcome to Crypto Wire — clear, concise, and crypto-smart.

What we’ll cover today:

💸 Trump’s Surprising Shift to Crypto.

🤔 Ever Wonder Why Bitcoin Prices Fluctuate?

📉 $650M in Liquidations — Is Crypto Crashing?

Source: Reuters

Bitcoin just rocketed past $80,000, and it’s not just market forces at play. 

Once a crypto sceptic, Donald Trump has become one of its most surprising champions. 

Here’s why Trump’s new stance could be game-changing for digital currency.

Key Points:

  • Trump’s Crypto Venture: Trump recently launched World Liberty Financial, a family-run crypto business, signalling his shift to a pro-crypto stance.

  • Bitcoin Stockpile Proposal: Trump has proposed a national bitcoin stockpile, aiming to establish crypto as a U.S. strategic asset.

  • Contrast with Biden’s Approach: Unlike the Biden administration’s tighter regulations, Trump’s support could mean a friendlier crypto policy landscape.

Trump’s influence is already sparking enthusiasm, with Bitcoin soaring and Dogecoin—Elon Musk’s favourite—also rising.

What Makes Bitcoin Prices Swing Wildly? It's Not Just Math, It's Emotions!

The Crypto Fear and Greed Index serves as your guide to the market's mood.

  • Created by Alternative.me in 2018.

  • Measures market sentiment on a 0-100 scale.

    • 0 reflects extreme fear.

    • 100 indicates unchecked greed.

  • Updates daily, analysing data from market volatility to Twitter trends, providing insights into the emotional currents that drive Bitcoin prices.

Why pay attention?

  • Identify optimal moments to buy low or exercise caution.

Consider this:

  • The index is a starting point.

  • Enhancing it with other analytical tools can refine your trading decisions.

Bitcoin hit a record high of $81,858, and Ethereum broke $3,200.

Both assets are now in the “overbought” zone, triggering high volatility.

Key points:

  • $650 million in liquidations occurred, mostly on Binance.

  • Liquidations included $366 million in longs and $284 million in shorts.

  • Bitcoin alone saw $122.1 million in liquidations, with $37.5 million in longs and $84.6 million in shorts.

  • Ethereum had $91.2 million in liquidations, with $56.7 million in longs and $34.5 million in shorts.

With Bitcoin and Ethereum’s momentum still climbing, experts have mixed views:

  • Some say the rally has more room to grow.

  • Others warn that the market could be “overheating,” signalling a potential dip.

What do you think about today’s edition?

Login or Subscribe to participate in polls.

Disclaimer:

This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.

Was this forwarded to you? Sign up here.

Crypto Wire News. 

Signing off