2024

Donald Trump

Bitcoin

President Donald Trump

The price of Bitcoin exhibited substantial fluctuations during the address given by former U.S. President Donald Trump at Bitcoin 2024 in Nashville. In his speech, he disclosed his intentions to create a "strategic national bitcoin reserve" in the event of his re-election.  
<a href="https://optimisus.com/news/crypto-news/bitcoin-price-surges-to-69300-today-registering-a-3-increase-in-24-hours/" rel="noopener noreferrer nofollow">Bitcoin's price</a> initially surpassed $69,000, then declined to a minimum of $66,700 before recovering and reaching above $68,000. Trump's declaration to establish a nationwide Bitcoin reserve was in line with the predictions of the market before the event, resulting in the liquidation of around $24 million worth of long positions only during the speech.  
During the given timeframe, BTC had the largest liquidation value, amounting to $5.03 million. SOL followed with $2.44 million, while ETH had $1.46 million. The cumulative liquidations for different time frames amounted to $10.89 million, comprising $1.80 million in long holdings and $9.09 million in short positions.  
The liquidation total for the 12 hours amounted to $146.87 million, with $94.20 million in long positions and $52.67 million in short positions. The total amount of liquidations for the 24 hours was $165.21 million, with $100.04 million in long holdings and $65.17 million in short positions.  
The wider crypto market closely followed the price fluctuations of Bitcoin during the event, underscoring the substantial influence that prominent political leaders and policy announcements can exert on crypto markets.  
Donald Trump's proposition to establish a national reserve of Bitcoin signifies a possible change in the dynamics between conventional government establishments and digital assets. 
The post <a href="https://optimisus.com/news/crypto-news/donald-trumps-speech-at-bitcoin-2024-led-to-a-sharp-increase-and-then-a-drop-in-bitcoin-prices/" rel="noopener noreferrer nofollow">Donald Trump’s speech at Bitcoin 2024 led to a sharp increase and then a drop in Bitcoin prices</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Donald Trump’s speech at Bitcoin 2024 led to a sharp increase and then a drop in Bitcoin prices

Optimisus

Altri articoli pubblicati su 28 lug 2024

Nixtons Group Review: Introducing the Trading

Harris’s Team Reaches Out to Crypto Industry to Repair Relations

Nearly All Celebrity Tokens Launched In 2024 Has Gone Down To Zero

New Memecoin Pepe Eats Solana (PEPEATS) Will Hit $10 Million Before Exchange Listing, As SHIB and...

Casper Network Faces Security Breach and Halts Operations

Ethereum — Three Scenarios For The Next Days (And How Likely They Are) — A Personal Opinion!

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!