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The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.
Nate Geraci, president of ETF Store, said ETFs are simply a bridge for the mainstream to access crypto. Once that bridge is fully built, no going back.
Since Bitcoin broke through its extended consolidation phase on October 13, where it traded at $62,507, it has risen over 40%.
Trump is reportedly considering several key officials to help with crypto regulation and ease rules, in support of the sector.
Crypto traders lost nearly $700 million in liquidation on Monday as Bitcoin continues to rally.
The crypto market has gained significant bullish momentum in the recent past following the interest rate cuts in the US and the UK and the overwhelming victory of Donald Trump.
The ongoing Bitcoin price rally could cool down before continuing with the bull market, thus triggering more crypto volatility and forced liquidation.
The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.
The positive sentiment extended to altcoins, with Ethereum reaching $3,100 and Solana crossing $200 for the first time this year
Bitcoin surged to a new all-time high of $81,858 this week, gaining over 17.5% and adding $300 billion to its market cap this week itself.
The US Federal Reserve reduced its interest rate by 25 basis points on Thursday, in a decision did not exactly come as a surprise.
Dan Gallagher, Robinhood’s chief legal officer and a former SEC commissioner, is reportedly the leading candidate to replace SEC Chair Gary Gensler in the incoming Trump administration.
Bitcoin reached a new all-time high of $76,000, resulting in $256 million in forced liquidations.
The demand vs supply shock for Bitcoin is expected to significantly increase ahead and bolster the ongoing bullish breakout.
Binance founder and former CEO has disclosed life after prison and the current insight on his ownership of Binance.