With the results of the U.S. presidential election in, Donald Trump's victory has created a new investment boom in global markets.Bitcoin Price Approaches $90,000 MarkThe company has become the asset of choice for many investors.
Investors have poured money into assets thought to benefit from Trump's policies, particularly his plans for trade tariff adjustments and deregulation, which has prompted Bitcoin inSharp increase in one week 30%The
On the other hand, currencies such as the euro and the renminbi have come under pressure due to expectations of high interest rates in the United States. Cryptocurrency-related companies such as MicroStrategy, whose founder Michael Saylor recently raised his stake by another 27,200 Bitcoins to strengthen his position in the Bitcoin market, have benefited from the market.
bitcoin (virtual currency)recently reached a new high of over $89,000.Market speculation is that it could reach $100,000 within the year.The
Rising investor optimism, with asset managers such as Bernstein recommending an increase in Bitcoin positions, and forecasting platform Polymarket showing strong confidence in Bitcoin hitting $100,000, further fueled the upward momentum.
Analysts point to record inflows into Bitcoin ETFs and high trading volumes as indicative of continued investor interest.
Matt Hougan, Bitwise's Chief Investment Officer, said that long-term investors are showing strong support by not selling below $100,000 in their positions, and that this combination of positive market sentiment and cautious selling strategy could keep Bitcoin on an uptrend.
Bitcoin Price Analysis and Forecast
- Current Record: Bitcoin Surpasses $89,000
- Key Goal: $100,000 by the end of the year
- Bitcoin Aims for $90,000, Long Momentum Holds Above Key Support Levels
- Bitcoin remains in a long range and is currently trading at around $88,710, continuing its previous strong uptrend that saw it reach an intraday high near $89,080. The key support level at $87,110 is the key to maintaining an optimistic outlook as long as the BTC price stays above it.
- Immediate resistance is at $89,640, with further resistance at $91,430 and $93,670. These resistance levels could weigh on prices if buying momentum weakens. Lower support is at $87,110, with secondary support at $84,660 and $82,520 in case of a pullback.
Pepe Unchained Project Raises Nearly $27 Million in Presales
The rapid rise of Bitcoin has led to a recovery in the crypto market in general and in the fiat sector in particular. The recent high-profile Pepe Unchained project raised nearly $27 million in a pre-sale, attracting a lot of investor attention.
Pepe Unchained Up to 91% Annualized Percentage Yield (APY) a Highlight for InvestorsThe company has also been attracting investors who wish to participate in the early pre-sale.
Not only that, but the project's token distribution structure is clear.30% was used for pledge incentives and 20% was allocated to presales and marketingThis further strengthens the project's stable market outlook.
Pepe Unchained has also launched a Layer 2 solution called Pepe Chain, which is designed to solve the transaction bottleneck on the Ethernet network.
The chain provides users with a more flexible trading experience by reducing transaction fees and speeding up transactions.
With the launch of the developer incentive program "Pepe Frens with Benefits", the platform is expected to attract more application developers, enhance its ecosystem and further increase the value of $PEPU tokens.
The token's top ranking on the CoinSniper platform and the buzz on social media have put Pepe Unchained in the spotlight.
Crypto influencer support and high pledge participation bodes well for future potential. The project is scheduled to land on the Decentralized Exchange (DEX) after the close of the pre-sale, providing investors with a wider range of trading opportunities.
Conclusion
The election of Donald Trump and the policies that came with it are expected to spur a strong performance in the Bitcoin and Minicurrency markets. Bitcoin approached an all-time high of $90,000, making it a safe haven for stable assets, while emerging fan currencies, represented by Pepe Unchained, showed high return potential.
Whether it's the robust Bitcoin or the fast-growing cryptocurrency, these cryptocurrencies offer investors a wide range of choices, and Best Wallet has launched the "Coming Soon Token" feature, which makes it easy to participate in the pre-sale of new projects, enhancing investment opportunities and user experience.
With this feature, users can participate in pre-sales directly from the Best Wallet app. To view purchased tokens, import the purchase wallet into Best Wallet to see the current value of the tokens!
