Bitcoin, Dogecoin, and… – Top cryptos to buy under Trump’s new presidency
The post Bitcoin, Dogecoin, and… – Top cryptos to buy under Trump’s new presidency appeared on BitcoinEthereumNews.com.
Pro-crypto U.S President Donald Trump could fan the bullish crypto flames once in office Dogecoin is also highly likely to benefit enormously and could be aided by Elon Musk At the time of writing, Bitcoin [BTC] was trading near the $100k-mark after strong gains over the past six weeks. This impulse move higher began after the U.S presidential elections results were called on 5 November. With regulatory clarity already benefiting crypto, such as with Ripple’s stablecoin RLUSD, other crypto assets are set to benefit too. Which ones would be the biggest winners from a Trump presidency? Bitcoin strategic reserve for the United States? On Thursday, President-elect Donald Trump responded to a question regarding a potential Bitcoin reserve. He said to Jim Cramer, “We are gonna do something great with crypto,” speaking from the New York Stock Exchange. During his previous presidency, Trump had pointed to rising stock prices and asserted that the market was strong and America was becoming great again. In the coming months and years, he might use Bitcoin’s rising prices to make a point, vindicating his election promises related to crypto. One of them was a national strategic Bitcoin reserve, with legislation introduced in the Texas House of Representatives on 12 December to establish this. Source: BTC/USDT on TradingView The differences between the previous cycle’s price action and this one’s are many. A 34-week consolidation after making a new high against USD came earlier this year, lasting from March to early November. In 2020, BTC faced resistance at ATH, but blasted past it in under three weeks. Thereafter, it went on to make close to 400% gains before April 2021. A similar run would take BTC close to $300k in April 2025, but we know that successive cycles take more time and produce less percentage gains. The…
Filed under: News - @ December 14, 2024 8:17 am