Reserve

Donald Trump

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trump-promises-trigger-bitcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Promises Trigger Bitcoin Surge</a><br></p>
<p style="text-align: justify">The recent declarations by Donald Trump have sparked a notable increase in <a href="https://en.bitcoinhaber.net/bitcoin-strategist-efloud-rebalances-trading-stance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> prices. Despite the cryptocurrency market’s nuances, Trump’s promises, including the intriguing suggestion of the Federal Reserve holding BTC as a reserve, have captivated investor attention. However, the expected market response was somewhat muted due to a slight decline in Trump’s polling figures.</p>
<h2 id="impact-of-us-economic-data">Impact of US Economic Data</h2>
<p style="text-align: justify">The release of US jobless claims and GDP figures met market expectations, easing recession concerns. This <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> is seen as a positive indicator for the crypto market, contrasting with past periods when poor economic performance adversely affected cryptocurrency values. The FedWatch tool indicates market anticipation of a 25 basis point rate cut by the Federal Reserve in September, reinforced by recent employment data revisions.</p>
<h2 id="analysts-insights-on-liquidity">Analysts’ Insights on Liquidity</h2>
<p style="text-align: justify">According to QCP Capital, potential rate cuts by the Fed could lead to increased liquidity flowing into the cryptocurrency market, predicting more favorable conditions in the last quarter of the year. Meanwhile, Material Indicators have expressed reservations about Bitcoin’s ability to sustain levels above $60,000. Rekt Capital also shared an analysis, noting Bitcoin’s trend of forming higher lows since early July.</p>
<h2 id="investment-opportunities">Investment Opportunities</h2>
<p style="text-align: justify">Current <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> offer several investment opportunities:</p>
<ul>
 <li>Potential for increased liquidity in Q4 with anticipated Fed rate cuts.</li>
 <li>Bitcoin’s trend of forming higher lows, indicating a potential upward trajectory.</li>
 <li>Short-selling opportunities around the $65,000 mark, though caution is advised.</li>
</ul>
<p style="text-align: justify">Analysts suggest these conditions could create favorable circumstances for investors, provided they closely monitor market developments.</p>
<h2 id="will-bitcoin-surge-again">Will Bitcoin Surge Again?</h2>
<p style="text-align: justify">Crypto analyst Jelle remains optimistic about Bitcoin’s potential to revisit the $62,000 level. However, buyer liquidity has waned at this price point, and previous attempts to surpass $65,000 have been unsuccessful. Jelle advises a cautious approach, suggesting that moving above $62,000 could signal stronger market trends and potentially lead to another attempt at $65,000 within the week.</p>
<p style="text-align: justify">As investors navigate the evolving market landscape, the interplay between economic data, regulatory decisions, and influential figures like Donald Trump will continue to shape Bitcoin’s trajectory.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trump-promises-trigger-bitcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Promises Trigger Bitcoin Surge</a></h5>

Trump Promises Trigger Bitcoin Surge

Table of Contents

BH NEWS

Other articles published on Aug 29, 2024

SEC grants approval in principle to Quidax, Busha and 5 other Nigerian crypto exchanges

GGI Makes Waves at WebX 2024, Leading the Web3 Gaming Revolution

Analyst Says the Bitcoin Price Is Heading for $86,910 If this Happens, Ethereum and Solana Tokens...

BabyDoge Renounces Token Contracts on Ethereum and BNB Chain

Crypto millionaires see unprecedented surge this year

Telegram CEO Pavel Durov Under Judicial Supervision After Release From French Custody

Join our free newsletter for daily crypto updates!