CandleFocus Bitcoin Breaks $107,000 in Parabolic Advance As ‘Crypto President’ Trump Acquires DeFi Coins
2024-12-16
Author: Content Editor
Bitcoin (BTC) has reached a new all-time high and is trading above $107,000, with a nearly 10% increase in the past week and a 150% increase year-to-date. President-elect Donald Trump, known as the "crypto president," has reportedly accumulated $50 million worth of altcoins, including Ethereum (ETH), Chainlink (LINK), and Aave. Trump expressed openness to a national Bitcoin reserve in an interview with CNBC's Jim Cramer. Analysts suggest that Trump's comments have thwarted hopes for a Bitcoin correction, and some predict Bitcoin could reach $180,000. Additionally, there are indications of an upcoming altseason based on market patterns.
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