BTC Surpasses $72,000; Has Post Bitcoin Halving Advance Started? Investors Also Add Sui And Cutoshi To Portfolio For Maximum Gains
The post BTC Surpasses $72,000; Has Post Bitcoin Halving Advance Started? Investors Also Add Sui And Cutoshi To Portfolio For Maximum Gains appeared on BitcoinEthereumNews.com.
Bitcoin has soared to new highs following Donald Trump’s victory in the U.S. election. This bullish momentum has spiraled throughout the crypto market, with most projects in the green over the last 24 hours. While spectators debate whether or not Bitcoin will continue to rally, investors are adding Sui and Cutoshi to their portfolios with anticipation of several rallies before the end of 2024. Bitcoin Expected To Soar During Trump Presidency According to a recent report by JP Morgan’s MD Nikolaos Panigirtzoglou, Bitcoin could see a significant rally during the Trump presidency. The report highlights that as global geopolitical tensions rise, governments will begin to stack gold and Bitcoin as part of their economic reserves. This implies that governments are recognising Bitcoin as a store of value, which could increase its perceived legitimacy among everyday investors. Furthermore, growing adoption could increase purchases from institutional investors, which could lead to further Bitcoin rallies. Currently, Bitcoin is trading at $76,071. It’s increased by 22% over the last month with Bitcoin reaching a high of $76,943 on November 8. Sui Announces Trace Partnership The Sui Foundation recently announced a strategic partnership with Trace. Trace is a technology startup that looks to credentialize sports fantom. During this collaboration, Sui will operate as a technological partner. The Sui Foundation will help to unlock value from sport and sport entertainment using blockchain technology. While still an experimental application, Trace believes it could help elevate the passion of fan bases globally through blockchain technology. This could be an extremely bullish move for Sui, helping Sui gain global traction amongst everyday investors. Over the last week, Sui’s price has increased by 19% and Sui is currently trading at $2.31. Over the last 24 hours, Sui’s daily trading volume has decreased by 20% though remains extremely high at…
Filed under: News - @ November 10, 2024 7:18 pm