BTC Eyes $100K Rebound as Trump Files Crypto Investment Trademarks
The post BTC Eyes $100K Rebound as Trump Files Crypto Investment Trademarks appeared on BitcoinEthereumNews.com.
Bitcoin price consolidated above the $96,000 level over the last 48 hours, as markets stabilize after a week of sell-side pressure from US-China trade war. Critical BTC trading metrics have flashed positive signals as Trump Media announced trademark filing for its crypto-focused investment product, hinting at more bullish action for BTC in the near-term. Bitcoin Price Stabilizes at $96,000 as Bearish Headwinds from U.S.-China Trade War Subside Bitcoin (BTC) has held steady above $96,000 over the past 48 hours, recovering from a week of intense sell-side pressure triggered by mounting tensions in the U.S.-China trade war. Despite geopolitical uncertainty rattling global markets, Bitcoin’s ability to maintain key support levels suggests strong institutional demand and renewed investor confidence. Over the past month, Bitcoin price has experienced significant swings, with macroeconomic factors playing a crucial role in shaping market sentiment. Bitcoin Price Action | (BTCUSDT) The latest bout of selling pressure was largely attributed to fears of worsening trade relations between the two largest economies, leading to capital outflows from risk assets. The chart above shows how BTC price has now consolidated around the $96,000 mark over the last 48-hours ending a rut of 5% losses during the week. Recent market reports suggest that Trump’s latest attempt to double down on crypto investments may have supported this bottom formation signal. Trump Media Files Trademark for $250M Crypto Investment Products Trump Media and Technology Group (TMTG) has made a bold entry into the cryptocurrency sector, filing trademarks for six investment products designed to track Bitcoin, U.S. manufacturing, and the energy sector. According to a Reuters report on February 6, TMTG’s trademark applications include the Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi U.S. Energy Independence ETF. These products are expected to provide institutional and retail investors exposure to Bitcoin and…
Filed under: News - @ February 9, 2025 1:19 am