Bitcoin Pumps to a New ATH of $98k as Donald Trump Considers a Dedicated Crypto Role in His Administration

Bitcoin's rally seems unstoppable, with analysts predicting $125k-$134k by the end of the year. The day's push is mainly due to the President-elect's talk of a role for a crypto specialist in the government

Fresh from the news that Donald Trump is considering a dedicated crypto role in his administration, Bitcoin (BTC) has pumped to a new all time high.

According to CoinGecko, BTC hit a high of $98,000 during today’s push. This sent BTC trending on X, together with the topics DeFi and $CUTO.

Analysts Predict Bitcoin’s Next Moves To $108k And BeyondBitcoin's rally seems unstoppable, with analysts predicting $125k-$134k by the end of the year. Today’s push is mainly due to the President-elect's talk of a role for a crypto specialist in the government, with this person having direct access to Trump.

Unsurprisingly, this sent $BTC trending on X, with popular analyst Ali Martinez tweeting yesterday “#Bitcoin looks like it did in December 2020. Even the RSI is nearly identical. If true, $BTC will go to $108,000, drop to $99,000 and bounce to $135,000!”

He followed this with a post today saying that BTC may hit $100k today, as it “appears to be breaking out of a bull flag on the lower time frames.”

Chart courtesy of TradingView and Ali Martinez

Commenters pointed out that this cycle cannot be compared to previous ones, given the flow of institutional money via the Spot ETFs and a pro-crypto administration about to take power in the US, for the first time in history.

Other analysts are also equally bullish, with Peter Brandt posting just after the elections that Bitcoin could move first to $134k and then to $327k in 2025.

Chart courtesy of TradingView and Peter Brandt

Businesses are feeling equally bullish with biopharmaceutical company Hoth Therapeutics planning to add $1 million worth of Bitcoin to their treasury and BTC maxi Michael Saylor declaring he intends to add $2.6 billion worth of Bitcoin to MicroStrategy. This is not long after he added $4.6 billion worth of BTC.

As BTC Trends On X, So Does New Project Cutoshi$CUTO, in case you haven’t heard of it yet, is the ticker for a coin belonging to presale project Cutoshi. CUTO was trending on X on November 13th and now trending again just over a week later on November 19th, together with DeFi and BTC.

According to Trends24, the ticker was trending on X in the US for 5 hours, hitting the number 1 spot. It also saw traction on X worldwide.

Courtesy of Trends24.in

The fact that $CUTO was trending yet again and at the same time as $BTC and DeFi, suggests that people understand the potential of what Cutoshi is offering – a meme coin within a DeFi ecosystem.

The Cutoshi team has created a meme based on the Chinese Lucky Cat and is building a DEX, NFTs with DeFi benefits, a merchandise shop and more.

The team is keen to point out that the Cutoshi learning academy is a key part of their offering as it will help people to understand and start using and profiting from DeFi.

The Cutoshi DEX is cross-chain to simplify the process of trading and switching between chains, something that is off putting for many would-be DeFi users.

$CUTO is still in presale which means that current buyers are getting in early with the token at a low price. The cost of CUTO goes up as every presale stage sells out, with stage 3 almost 50% complete.

With seven stages still to go, it’s likely that Cutoshi will hit the open market at the perfect time to take advantage of the renewed optimism surrounding crypto and retail’s desire for memes and decentralized finance.

It also offers the potential for large gains that are often seen with popular meme coins, particularly as the current market cap is just over a mere $10 million.

$CUTO can be acquired from their website, currently available for $0.0259 per token.

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