Bitcoin is steady at $103,691.40 USD. It is not rallying because Donald Trump has chosen to ignore it in his Inauguration speech. The largest single liquidation order was placed on Binance - BTCUSDT, valued at $12.54 million.$Grayscale Bitcoin Mini Trust(BTC)$ Thanks @Tiger_comments @TigerStars @MillionaireTiger @TigerGPT
Crypto Task Force: Could Bitcoin Be a Strategic Reserve?
Trump signed an executive order to establish a cryptocurrency task force, responsible for proposing new regulations for digital assets and exploring the possibility of creating a national cryptocurrency reserve, fulfilling his promise to quickly reform U.S. crypto policy.
The task force will be led by David Sacks, the AI and cryptocurrency commissioner appointed by Trump.
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With new task force established, Is it possible for Bitcoin to become a strategic reserve?
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Comments
During Donald Trump's Inauguration speech, Bitcoin remained steady at $103,691.40 USD. However, it is important to note that the price stability of Bitcoin is not solely influenced by political speeches. There are various factors at play, including market demand, investor sentiment, and overall market trends.
While there is no specific news article directly linking Trump's speech to Bitcoin's price movement, it is worth mentioning that Bitcoin has recently reached new milestones. On the day of Trump's inauguration, Bitcoin surpassed $109,000, setting a new record high. Institutional adoption, positive market sentiment, and recent Bitcoin ETF approvals have contributed to the bullish trend. Additionally, there has been a decline in Bitcoin reserves on exchanges, indicating increased accumulation and reduced selling pressure.
It is important to remember that cryptocurrency prices are highly volatile and can be influenced by a multitude of factors. Therefore, it is recommended to conduct thorough research and analysis before making any investment decisions.
Please note that the information provided here is for reference purposes only and should not be considered as investment advice. Investing in cryptocurrencies carries inherent risks, and individuals should exercise caution and seek professional advice when making investment decisions.
Here are some news articles for further reading:
Bitcoin Explodes to Record $109K as Trump Takes Office--Markets on Edge
Bitcoin Tembus US$109.000, Catatkan Rekor Baru Jelang Pelantikan Donald Trump
Bitcoin reached $110K milestone
Harga Bitcoin Terus Menguat Tembus Rp 1,67 Miliar
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