'Trump time' for Bitcoin: How Donald Trump is sparking a crypto surge
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1 month, 4 weeks ago

'Trump time' for Bitcoin: How Donald Trump is sparking a crypto surge

India Today  

With Donald Trump’s return to power, the crypto world is buzzing with optimism and the possibility of Bitcoin reaching the $100,000 mark may come true. However, it’s essential for investors to remain cautious and avoid making decisions solely based on market trends or excitement.” Raj Karkara, COO of ZebPay, echoed these sentiments, stating that Bitcoin’s surge “underscores the growing confidence in digital assets.” With Bitcoin holding a market dominance of around 58.25%, he noted, “ZebPay has seen a 55% increase in trading volume over the past 24 hours. This momentum shows Bitcoin’s strength in the market and its broad appeal among investors.” INFLATION DATA AND TECHNICAL SIGNALS FOR BITCOIN Release of the US Consumer Price Index data could further influence Bitcoin’s trajectory. Avinash Shekhar, Co-founder and CEO of Pi42, highlighted this point, and said, “If the data shows inflation is falling, it could fuel Bitcoin’s journey towards $100,000 sooner, possibly by March or April next year.” Shekhar added that Bitcoin’s recent breakout from a “Cup and Handle” pattern suggests it could move to new highs if it breaks and holds the $88-89,000 level.

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