For its part, The rest of the cryptocurrencies operate with gains of up to 11% led by Chainlink, followed by Hedera (7.2%) and Ethereum (4.8%). Something to note is that a cryptocurrency linked to Trump is down 11%, but so far this week it has gained more than 700%.
The world’s largest cryptocurrency has skyrocketed since Trump won the presidential election in November, and Bitcoin surpassed $100,000 for the first time in early December.
This came after Trump appointed Paul Atkins, supporter of cryptocurrencies, to lead the Securities and Exchange Commission (SEC), the US financial regulator, a decision that reinforced optimism that the new president will deregulate the sector. Despite having considered cryptocurrencies a “scam”, Trump changed his position and was one of their main defenders during his election campaign.
Over the weekend it launched its own cryptocurrency, called $TRUMP, which unleashed a very high demand, shooting up its market capitalization to several billion dollars.
Trump’s plans for Bitcoin
Bitcoin had taken off at the end of last week, driven by information from Bloomberg, which cites sources close to this debate, according to which the president-elect plans to issue an executive order that Elevate cryptocurrencies to the rank of political priority and give voice to sector actors in your government.
The article also indicated that there are plans to create a national strategic reserve of bitcoins, which would encompass the government’s current holdings in the cryptocurrency.
The truth is that Trump’s stance on crypto assets means a radical change compared to the restrictive policies of the Joe Biden Governmentwhich increased regulatory pressure and made it difficult for crypto companies to access the traditional financial system.
“This new era could redefine the global landscape of digital assets and place the United States at the forefront of innovation in this sector destined to revolutionize many business models,” said Javier Molina, senior markets analyst at eToro.
From a technical point of view, this expert highlighted that cryptocurrency has its next bullish objective at US$120,000. “The support of US$90,000 worked as the first control zone and from that level, we surpassed US$100,000 and we are on the verge of attacking the zone of maximums delimited by US$107,000 -108,000 If prices manage to break that reference upwards, first target at US$120,000. If they don’t, pay attention to the price. US$100,000 as the first support and US$98,000 as the next reference,” he explained.
Melania Trump presented her own memecoin
On Sunday, the future first lady, Melania Trump, presented her own cryptocurrency online, baptized Melania. The memecoin can be purchased on the website https://melaniameme.com/ and shows the Republican leader’s wife in black and white, smiling and with her hands together covering part of her face.
The page on which it is available specifies that it is a digital collectible intended to function as an expression of support and commitment to the values embodied by it, and emphasizes that it is not intended to be an investment opportunity or be subject to it.
Source: Ambito
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