Is Trump's token the driving force behind Bitcoin's surge?
Earlier this month, the price of BTC dropped to around $90,000, only to recover to $100,000 on Thursday. Since then, the price has continued to soar, hitting an all-time high of $105,900 on Friday.
Trump's new meme token has stirred up the Bitcoin and the entire cryptocurrency community. Yesterday morning, Trump launched his new meme token, sending shockwaves through the Bitcoin and cryptocurrency space.
Most analysts and traders are preparing for continued volatility in the cryptocurrency market. Nevertheless, Trump's promotion of his new meme coin has sent an optimistic message that he intends to fulfill his crypto commitments, igniting investor hopes.
By Friday afternoon, Bitcoin's trading price had reached $104,800, soaring later that day to $105,900. The trading price of Bitcoin is $105,283, up 0.83% in the past 24 hours. Its 24-hour trading volume is $50.24 billion.
Trump has promised that he is ready to issue over 100 executive orders immediately upon taking office. Some suggest that some executive orders will be related to Bitcoin or cryptocurrencies, and that once he takes office, price expectations will be high. During the first 100 days of Trump's term, there will be at least one cryptocurrency executive order.
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Will this time Trump's issuance of currency trigger a wave of currency issuance by presidents? If presidents of various countries are all issuing currency, then the next few years will truly be the era of memes.
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The price of Solana has reached a historical high amid the excitement surrounding the meme coin launched by Donald Trump's team.
🚀🚀The token's price reached $39 with a market capitalization of about $6 billion. The meme coin took the 27th place in the CoinMarketCap ranking in less than a day since its launch.
#BTCNextATH? Bitcoin (BTC) is currently trading at $103,507, with an intraday high of $105,912 and a low of $102,204.
In the run-up to President Donald Trump’s inauguration on January 20, 2025, the crypto market is showing interesting dynamics. Bitcoin hit its highest level this year, trading around $104,800 and reaching a peak of nearly $105,900. The Trump administration plans to issue more than 100 executive orders focused on the digital asset industry, including policies on crypto de-banking and accounting, with a more favorable regulatory framework. In addition, there are plans to establish a bitcoin strategic reserve and a crypto council, signaling a shift from previous regulatory stances.
Analysts predict that Bitcoin could reach $225,000 per coin by 2025, driven by institutional adoption and greater regulatory clarity. Some other predictions put the figure higher; for example, Robert Kiyosaki predicts Bitcoin price could hit $500,000 by 2025. However, factors such as rising bond yields could affect Bitcoin price, with a potential drop to $90,000 if the $92,000 support level is broken.
Overall, while the crypto market outlook in 2025 looks promising with the potential for more supportive policies and increased adoption, investors should remain vigilant about market volatility and macroeconomic factors that could affect the price of digital assets.
Cryptocurrency whales are individuals or entities that possess significant amounts of a particular cryptocurrency. These whales have the potential to influence the market and create fluctuations in token valuations.
Identifying and understanding the activities of crypto whales can provide valuable insights into the future of the markets they are involved in. While determining the exact identity of the largest crypto whales can be challenging due to the anonymous nature of cryptocurrency transactions, there are some well-known individuals in the space who are recognized as significant players. Here are some of the prominent crypto whales currently known based on expert estimates:
Satoshi Nakamoto: The pseudonymous creator of Bitcoin, Satoshi Nakamoto is believed to hold around 1 million BTC, making him potentially the biggest crypto whale with a value of approximately $19.2 billion.Changpeng Zhao: CEO of Binance, Changpeng Zhao is considered a significant Bitcoin whale, although specific details about his holdings are not publicly disclosed. Reports suggest his net worth is around $96 billion.Michael Saylor: An American entrepreneur and one of the largest Bitcoin whales, Michael Saylor owns more than 17,732 bitcoins, worth over $1.14 billion. His company, MicroStrategy, also holds a substantial Bitcoin reserve.Chris Larsen: Co-founder of Eloan and Ripple, Chris Larsen holds at least 5.19 billion XRP, amounting to a net worth of approximately $37.3 billion.Brian Armstrong: As the CEO of Coinbase, one of the largest crypto exchanges, Brian Armstrong's personal crypto holdings contribute significantly to his net worth, estimated to be around $6.5 billion.Vitalik Buterin: As the co-creator of Ethereum, Vitalik Buterin is known as a major Ethereum whale, although the exact extent of his holdings is unknown. He was once reported to hold approximately 355,000 Ethereum, along with other substantial coin holdings.Tim Draper: Venture capitalist Tim Draper made a significant investment in Bitcoin, purchasing 30,000 bitcoins during the Silk Road auction. While the current quantity is undisclosed, he is estimated to have a crypto portfolio valued at over $1 billion.The Winklevoss Twins: The Winklevoss twins gained significant recognition for accusing Mark Zuckerberg of appropriating their social network idea. Following a settlement in 2012, they received approximately $65 million and chose to invest it in a substantial amount of Bitcoin. It was reported that their investment accounted for approximately 1% of the total Bitcoin supply at that time. To this day, the Winklevoss twins are regarded as prominent Bitcoin whales, with a portfolio consisting of approximately 70,000 bitcoins along with various other cryptocurrencies.Barry Silbert: Barry Silbert, through his Digital Currency Group and Grayscale, manages a portfolio of digital assets worth over $28 billion, including Bitcoin and Ether.Jed McCaleb: As one of the co-founders of Ripple, Jed McCaleb holds approximately 3.4 billion XRP, valued at around $1.6 billion.
It's important to note that cryptocurrency holdings can change over time due to market fluctuations and additional investments or divestments by these individuals. The cryptocurrency market is highly volatile, and new whales may emerge in the future.
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#TRUMP上线币安合约 asked me whether to implement a strategic operation on $Trump, considering the price is so high, is there still profit potential? For such a highly popular cryptocurrency, it is definitely high risk and high reward, and it is also highly controlled. You think it has peaked, but it continues to rise; you think it can't drop anymore, but it crashes down. In short, it is essentially a gambling strategy, as long as you can bear the losses. After all, if you have confidence, you can buy the spot and wait for it to rise. If you don't have confidence, Binance also has $Trump contracts, and you can short it as well. In conclusion, it is definitely high risk and high volatility; you just need to withstand it.
🔥UXLINK, the absolute leader of Web3 social infrastructure and the social king of the year, has launched a public chain
1. Public chain UXLINK ONE Chain!
The test network is already available! Link:
2. UXLINK institutional unlocking and airdrops in the second quarter are estimated to have ended. Looking at the market, there was a drop of about 20% on 18/19, with an amplitude of almost 30%, and the average daily transaction was about 1 billion US dollars, almost three times the previous one.
You should know that UXLINK spot holders are mainly in South Korea, and South Korea has not unlocked chips. This is a good thing. At the same time, when UXLINK's investors unlocked this round, it was heard that funds in North America and the Middle East had received goods at an OTC price of no less than 30 million US dollars. The market was collectively optimistic while the spot selling pressure was reduced, and the token was ready to take off at any time.
3. UXLINK continues to advance the Japanese market and strengthen community building. It has been listed on the three major cryptocurrency exchanges in South Korea in the Korean market, and has been invested by star institutions such as OKX, Matrxiport, SevenX, and Hashkey
🚀Currently, the test network can be applied for, everyone come and participate!
Simply put, as an important part of the Social Growth Layer, it is built on Optimistic Rollup
🧐Let's take a look at its unique advantages?
It inherits the scalability and efficiency of Rollup, while introducing unique innovative solutions: comprehensive social account abstraction and native cross-chain framework.
🥳In short, the selling pressure is reduced, the technology is upgraded, the test network is online, is the main network far away? At present, the turnover is sufficient, and the digestion brought by the unlocking should be completed within 1-2 days. The bad news has been exhausted, various good news plus staking activities, etc., now should be a good time to buy the bottom. Brother Bao went to increase his position first!!
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Insights into the latest cryptocurrency news! Detect favorable and unfavorable news! Assess market trends!
1. A certain whale bought 1 million TRUMP and 312,571 SOL after the launch of TRUMP, with a total unrealized profit of 41.6 million USD 2. The TRUMP team deposited 4.5 million TRUMP into Binance, having deposited 29.92 million tokens into CEX in the past 24 hours 3. In the past 30 days, Coinbase Pro's Bitcoin wallet balance decreased by 30,845.01, and Bitfinex decreased by 23,681.58 4. Predictions on Polymarket show the probability of Trump approving a strategic Bitcoin reserve within 100 days of taking office has risen to 43% 5. TRUMP's market capitalization reached 6.5 billion USD, surpassing major crypto projects like Polygon and Arbitrum 6. Cardano co-founder: 78.5% of Trump's net worth is in cryptocurrency