Amid Bitcoin's current trading at $51,500, with a slight 0.50% decrease, attention turns to Donald Trump's burgeoning cryptocurrency endeavors, now valued at $5 million, largely fueled by Trump-branded tokens.
Trump's crypto portfolio sees a significant boost from Trump-branded tokens, contributing $2.98 million, alongside 340.531 ETH and 368.342 WETH, totaling nearly $2 million. His NFT collections further augment his crypto net worth to $5.38 million, with the TRUMP token witnessing a remarkable 44,309% surge to $5.19.
MAGA TRUMP Token Price Chart – Source: Tradingview
While Trump's direct influence on Bitcoin's value may be limited, his expanding crypto involvement could indirectly sway investor sentiments. As public figures like Trump embrace cryptocurrencies, heightened investor interest may affect Bitcoin prices and enthusiasm for digital assets.
Fred Krueger's optimistic outlook on Bitcoin ETFs mirrors George Soros's reflexivity theory, suggesting increased allocations could enhance Bitcoin's value through positive investor sentiment. The rapid adoption of Bitcoin ETFs, alongside institutional favor, hints at a paradigm shift in hedging strategies, challenging gold's traditional role.
Bitcoin trades at $51,519, maintaining above crucial support levels at $50,686. Immediate resistance lies at $52,479, followed by $54,443 and $56,497, while support zones include $49,420, $47,871, and $46,209. Market indicators suggest a balanced sentiment, with potential for upward movement if support holds firm, though a break below $50,700 could shift sentiment.
Bitcoin Price Prediction
Bullish sentiment prevails above $50,700, but caution advised below this level, signaling potential for upward movement if support remains firm.
The bank also predicts that the Ethereum ETF, expected to be approved on May 23, will lead to inflows of up to $45 billion in the first 12 months, with Ethereum prices climbing to $8,000 by the end of 2024.
JinseFinanceThe Web3 Foundation, an organization that continues to explore and promote the development of blockchain technology and decentralized applications, officially announced the launch of its decentralized future plan. At the same time, this move also officially sounded the clarion call for Polkadot to move towards a new future.
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EdmundMarch saw meme coin surge in crypto bull market. Dogwifhat (WIF) on Solana blockchain made millionaires from small investments. Recent gains indicate momentum. Success highlights meme coins' potential in broader crypto rally.
Huang BoPAC has successfully gathered a total of $85 million in funding for pro-cryptocurrency politicians to date.
ZoeyTrader turns $681,000 into $6.77M within 3 hours with SatoshiVM token launch, utilizing Banana Gun trading bot. The decentralized Bitcoin Layer-2 project aims to scale Bitcoin, leveraging Bitcoin Ordinals. However, caution is advised for aspiring traders, as success often requires experience and entails potential complexities and costs.
BerniceData shows the crypto futures market has observed almost $350 million liquidations during the past 24 hours as Bitcoin briefly ...
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CointelegraphAttackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward.
CointelegraphFortress Loans was attacked by oracle machine manipulation, and 1,048.1 ETH and 400,000 DAI (total value of about $2.98 million) were stolen.
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