{"id":4951,"date":"2024-11-08T23:45:28","date_gmt":"2024-11-08T15:45:28","guid":{"rendered":"https:\/\/website-c79ddb6c.kaz.hjg.temporary.site\/?p=4951"},"modified":"2024-11-17T23:50:18","modified_gmt":"2024-11-17T15:50:18","slug":"is-the-crypto-ecosystem-strengthening-because-of-donald-trumps-win","status":"publish","type":"post","link":"https:\/\/boundless-cyan-stork.109-123-235-239.cpanel.site\/?p=4951","title":{"rendered":"Is the Crypto Ecosystem Strengthening Because of Donald Trump\u2019s Win?"},"content":{"rendered":"

Explore how Donald Trump\u2019s 2024 election win is boosting the crypto ecosystem. Learn about Bitcoin\u2019s price surge, altcoins\u2019 growth, and Trump\u2019s crypto-friendly policies that could shape the market\u2019s future. Stay updated on the latest crypto trends and predictions!<\/p>\n

Donald Trump was declared superior to Kamala Harris in the 2024 US Election held on November 5. Trump received 50.9% of the vote while Kamala only received 47.6%, with Trump\u2019s voter area being much more dominant.<\/p>\n

This victory is good news for the crypto ecosystem. Evidently, due to Donald Trump\u2019s superiority, the price of crypto tokens has skyrocketed, and Bitcoin has even become a new ATH.<\/p>\n

Check out the detailed explanation of the crypto ecosystem, which has strengthened again due to Donald Trump\u2019s victory in the 2024 US Election.<\/p>\n

Bitcoin Predicted to Hit $100,000 in Q! 2025<\/h2>\n

After yesterday BTC recorded a price of more than $75,000, today the\u00a0price of Bitcoin\u00a0<\/a>even touched $76,391 its highest price in 24 hours. When this article was written on November 7, BTC was trading at $75,216, with an increase of 3.05%. This price is, of course, very amazing and has only happened during this US election period.<\/p>\n

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You can see from the screenshot of the Bitrue price chart above. The BTC RSI value is at 71.74, which means the buying trend is still strong like yesterday, but if it is higher, it will be overbought.<\/p>\n

The Bitcoin MACD indicator also shows a bullish trend that could continue to climb along with Donald Trump\u2019s victory celebration. Because of these very positive BTC indicators, many crypto observers say that BTC could touch a price of $ 100,000 in Q1 2025.<\/p>\n

As reported from TradingView, Bitcoin\u2019s current dominance is at 60.05%, which is much higher than BTC\u2019s dominance on normal days, which is only in the 50s.<\/p>\n

Crypto is Greening<\/h2>\n

The crypto ecosystem has been green since yesterday. Not only Bitcoin but various Altcoins and meme coins have also experienced significant increases.<\/p>\n

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Ethereum continues to strengthen its price at $2,821, with an increase of more than 8%. In fact, in 24 hours,\u00a0ETH touched a price<\/a>\u00a0of $2,878. Just like BTC, Ethereum\u2019s RSI value is also very high at almost 80, with a MACD line that has jumped significantly, indicating that ETH\u2019s bullishness is happening and will be more positive in the future.<\/p>\n

SOL is also no different. The SOL MACD line indicates a positive bullishness. No mistake,\u00a0SOL\u2019s price<\/a>\u00a0also touched its highest price at $191.90 in the last 24 hours.<\/p>\n

Why Crypto Ecosystem Supports Donald Trump<\/h2>\n

Donald Trump has indeed attracted the sympathy of crypto investors. This is because, during the campaign, Donald Trump seemed serious about supporting this ecosystem. Trump was also recorded as stating 11 points to support crypto:<\/p>\n

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  1. Fire SEC Chairman Gary Gensler on Day 1<\/li>\n
  2. Establish a \u201cNational Bitcoin Stockpile\u201d<\/li>\n
  3. Make the United States the \u201cBitcoin and cryptocurrency capital of the world\u201d<\/li>\n
  4. Retain 100% of the 203,650 BTC$BTC ($14.95B) currently held by the U.S. government<\/li>\n
  5. Eliminate capital gains tax on Bitcoin<\/li>\n
  6. Support U.S. Bitcoin mining<\/li>\n
  7. End regulatory crackdowns (the \u201canti-crypto crusade\u201d)<\/li>\n
  8. Launch a \u201cBitcoin and crypto presidential advisory council\u201d<\/li>\n
  9. Protect individuals\u2019 rights to self-custody digital assets<\/li>\n
  10. No CBDC<\/li>\n
  11. Commute Ross Ulbricht\u2019s double-life sentence, the founder of Silk Road.<\/li>\n<\/ol>\n

    Conclusion<\/h2>\n

    Will the crypto ecosystem strengthen in the future during Donald Trump\u2019s leadership in the United States? Will Trump\u2019s promise to make crypto regulations easier and more protected, as Trump mentioned during the campaign?<\/p>\n

    To find out, you can access the\u00a0Bitrue website<\/a>. There, you will find out all the updates about the crypto ecosystem in real-time, wherever you are.<\/p>\n

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