Trump Reclaims Presidency, BTC Stocks Skyrocket, Leveraged ETFs in Focus

The price of $Bitcoin(BTC.USD.CC)$ soared to a new all-time high before the election results were finalized. Data from CoinGlass indicates that Bitcoin's value climbed to the significant milestone of $75,000 on Wednesday, marking an increase of over 10%. This surpasses the previous peak of $73,797.68 set on March 14. [Cool]

Not just Bitcoin, but also DOGE, a favorite of Musk's, has experienced a substantial surge. The individual renowned for his expertise in rockets has once again made a wise investment choice.

Cryptocurrency-related stocks have also shown varied movements. US-based cryptocurrency concept stocks continued their sharp upward trajectory on Wednesday.

By the end of trading on Wednesday, the market saw significant shifts:

$Coinbase Global, Inc.(COIN)$ +31%

$Riot Platforms(RIOT)$ +26.26%

$Marathon Digital Holdings Inc(MARA)$ +18.97%

$CleanSpark, Inc.(CLSK)$ +23.01%

$MicroStrategy(MSTR)$ +13.17%

$Iris Energy Ltd(IREN)$ +23.49%

$TeraWulf Inc.(WULF)$ +23.51%

$Hut 8 Mining Corp(HUT)$ +11.05%

$GraniteShares 2x Long COIN Daily ETF(CONL)$ also surged 61.54%; $T-Rex 2X Long MSTR Daily Target ETF(MSTU)$ rose 25.61%; $2X BITCOIN STRATEGY ETF(BITX)$ rose 19.5%.

Donald Trump becomes US president? Bitcoin reaches new all-time high! |  Blocktrainer - Bitcoin Education & NewsDonald Trump becomes US president? Bitcoin reaches new all-time high! | Blocktrainer - Bitcoin Education & News

Bitcoin's record high also represents the arrival of Trump Trade 3.0.

It is foreseeable that Trump is the first cryptocurrency president in American history. He has also shown goodwill to the cryptocurrency field many times before. He also promised that if he returns to the White House, he will do something for the cryptocurrency industry. This is seen by the market and investors as an important signal that is good for the cryptocurrency market. [YoYo]

  • Make America the Cryptocurrency Capital of the World

  • Fire SEC Chairman Gensler

  • Establish a Strategic Bitcoin Reserve

  • Prevent the U.S. from Selling its Bitcoin Holdings

  • Stop the U.S. Government from Further Developing CBDC

  • Propose Comprehensive Cryptocurrency Policies

  • Cease Attacks on Cryptocurrencies within One Hour of Taking Office

  • End Illegal Crackdowns on the Cryptocurrency Industry in the U.S.

  • Suggest Solving U.S. Debt Problems with Cryptocurrencies

  • Reduce the Sentence of Silk Road Founder Ross Ulbricht

Some analysts believe that the cryptocurrency market experienced low volatility before the election because the industry hopes for clearer and looser regulatory conditions in the future. Bitcoin halving and the Fed's interest rate cut expectations have driven the trend of Bitcoin and other cryptocurrencies.

Relevant stocks and ETFs are reminded again:

The top 10 companies holding the most Bitcoin: $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$

$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $Bitcoin Group SE(BTGGF)$ $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ worth look at.

🌟🚀Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$

Who is the leader here? How would you plan the cryptocurrency industry and Trum Trade? [Eye]

# BTC Retraces to $96000: Buy the Dip or Exit Now?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet