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Bitcoin Rebounds: What's Driving the $95K Rally?
Bitcoin recovered above $95,000 following a brief dip to $90K. Key drivers include rising demand on Coinbase and increasing apparent demand, signaling bullish momentum.
Joe G & Money Talks
November 28, 2024 • Estimated Reading Time: 8 minutes
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What we will talk about today...
Bitcoin Rebounds: What's Driving the $95K Rally?
Joe Rogan’s Bitcoin Soars 30,000%—But Is He Still Holding?
Bitcoin Surges Post-Trump Win: Bullish Promises or Temporary Hype?
Bitcoin recovered above $95,000 following a brief dip to $90K. Key drivers include rising demand on Coinbase and increasing apparent demand, signaling bullish momentum.
Bitcoin demand growth is accelerating again after the recent price correction.
Demand expansion is what will get Bitcoin higher.
— Julio Moreno (@jjcmoreno)
5:29 PM • Nov 27, 2024
Main Points:
Recovery from $90K: BTC gained 4.22%, closing above $95K with bullish technical signs.
Coinbase Premium Impact: Increased U.S. retail demand drove the price recovery.
Growing Demand: Apparent demand surged 13x since October, reaching 243,765 BTC.
Next Resistance Levels: Bitcoin eyes $97K-$100K amid short liquidity clusters.
Detailed Insights:
Coinbase Premium: A positive premium gap indicates heightened U.S. buying pressure, reversing the Nov. 25 dip.
Technical Indicators: BTC must sustain above $95K for continued bullish momentum; $93K serves as key support.
Liquidity Dynamics: $350M in leveraged positions between $97K-$100K attracts upward momentum.
Potential Pullback: A retracement to the $93K-$95K range or Fibonacci golden zone remains possible.
Bitcoin’s current trajectory highlights strong investor interest, but volatility around resistance zones demands caution.
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Joe Rogan’s Bitcoin Soars 30,000%—But Is He Still Holding?
Joe Rogan’s decade-old Bitcoin stash, now worth over $500K, showcases either steadfast conviction or a lost private key mystery.
Joe, if you're going to let 5 bitcoin sit in the this wallet forever and don't really care, because $200,000 is basically an uninteresting amount of pocket change to you, I think you should give it to charity (assuming you still have the keys).
— Daniel Ƀrrr (@csuwildcat)
1:38 PM • Feb 6, 2024
Main Points:
Bitcoin Holding: Rogan’s wallet holds 5.243 BTC, now valued at $502,011.
Massive Gains: Initial value of $1,645 has grown by over 30,000% in 10 years.
HODLing Mystery: No transactions since 2014—conviction or forgotten keys?
Community Response: Calls for donation if Rogan has no intent to use it.
Detailed Insights:
Early Adoption: Rogan publicly shared his Bitcoin address in 2014, showing an early interest in cryptocurrency.
Speculation on Keys: Bitcoin technologist Jameson Lopp suspects Rogan may have lost his private keys.
Charity Suggestions: Observers suggest Rogan donate his BTC if it’s “uninteresting” to him.
Faith in Bitcoin: Rogan remains a Bitcoin advocate, calling it a “universal viable currency” on his podcast.
Joe's got 5 coins sitting in an address that was never spent from after a decade. How much you wanna bet he lost the key?
— Jameson Lopp (@lopp)
1:32 PM • Feb 6, 2024
Rogan’s Bitcoin saga underscores early adoption benefits, the risks of lost keys, and the enduring potential of cryptocurrency.
₿itcoin reached $95,080. +1.45%
♢Ethereum reached $3,609. +4.26%
Bitcoin's value nears $100,000 as Donald Trump's pro-crypto agenda fuels optimism. Will his promises of a Bitcoin reserve and clearer regulations ignite lasting growth?
BREAKING: I am now in discussions to introduce ‘Strategic Bitcoin Reserve’ legislation in the Great State of Texas.
The states WILL lead. 🇺🇸
— Dennis Porter (@Dennis_Porter_)
4:51 PM • Nov 21, 2024
Main Points:
Market Reaction: Bitcoin's price soared from $69K to nearly $100K post-election.
Pro-Crypto Policies: Trump plans a Bitcoin reserve, regulatory clarity, and adoption initiatives.
State Competition: U.S. states like Texas and Pennsylvania explore Bitcoin reserves.
Institutional Push: SEC-approved Bitcoin ETFs spur broader adoption by firms like BlackRock.
Partisan Divide: Republicans rally behind Bitcoin; Democrats remain divided.
Detailed Insights:
Federal Reserve Impact: Concerns over U.S. debt drive Bitcoin's appeal as an inflation hedge.
Institutional Interest: Fidelity and BlackRock's involvement boosts Bitcoin's legitimacy.
State-Level Momentum: States joining the crypto race could spark a competitive adoption trend.
Regulatory Optimism: Gensler's departure and a Trump-appointed SEC chief may favor crypto growth.
Political Landscape: Trump's pro-Bitcoin stance contrasts with Democratic skepticism, heightening its partisan nature.
Bitcoin’s post-Trump rally underscores the intersection of politics, policy, and crypto potential. Will these promises sustain the surge?
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results