bitcoin
bitcoin

$98327.283456 USD

-0.21%

ethereum
ethereum

$3634.883067 USD

-0.86%

xrp
xrp

$2.393797 USD

-1.75%

tether
tether

$0.999728 USD

-0.01%

solana
solana

$213.003271 USD

-1.48%

bnb
bnb

$706.632387 USD

-1.03%

dogecoin
dogecoin

$0.381667 USD

-1.52%

usd-coin
usd-coin

$0.999949 USD

0.00%

cardano
cardano

$1.091257 USD

1.40%

tron
tron

$0.262589 USD

-2.70%

avalanche
avalanche

$42.488481 USD

-0.30%

sui
sui

$5.228790 USD

-0.05%

chainlink
chainlink

$23.343061 USD

-1.87%

toncoin
toncoin

$5.682628 USD

-1.33%

shiba-inu
shiba-inu

$0.000024 USD

-2.70%

Cryptocurrency News Articles

CryptoQuant CEO Says 2025 Looks Promising for Bitcoin (BTC) as Donald Trump Administration Is Set to Take Power

Jan 04, 2025 at 04:55 am

The chief executive of market intelligence platform CryptoQuant is identifying what could unlock massive demand for Bitcoin (BTC) and other crypto assets.

CryptoQuant CEO Says 2025 Looks Promising for Bitcoin (BTC) as Donald Trump Administration Is Set to Take Power

A top crypto analyst is revealing what he believes could unleash huge demand for Bitcoin (BTC) and other digital assets.

In a new thread on the social media platform X, Ki Young Ju says that 2025 is shaping up to be a good year for crypto as the Donald Trump administration is set to take power, which will lead to a friendlier regulatory environment for cryptocurrencies.

“The United States now has the most bullish administration in the 15-year history of Bitcoin. Other countries will follow its lead. Eased regulatory risks will unlock greater demand and opportunities for Bitcoin, stablecoins, and crypto. 2025 looks promising.”

According to Ju, the last time Trump won in 2016, the apex crypto asset by market cap reacted positively. Ju says Trump will make Bitcoin “strong.”

However, Ju adds that the crypto king needs to recover on Coinbase’s premium index for it to truly rally. The premium index is a metric used by Coinbase to gauge the retail demand for BTC.

“Friend: Who is selling Bitcoin now?

Me: Old whales. High OTC volume and exchange deposits, but they won’t crash the market, in my opinion.

Buying pressure is mainly from U.S. institutions on Coinbase, but daily premium is at a 2-year low. Needs recovery for the next leg up.”

At the time of writing, the leading digital asset is changing hands for $97,939, which is a marginal increase over the last 24 hours.

News source:dailyhodl.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 06, 2025