- BitcoinZella
- Posts
- Trump Crypto Team Buys $47M in Bitcoin
Trump Crypto Team Buys $47M in Bitcoin
The Trump administration’s crypto team shifts $47 million into Bitcoin via Wrapped Bitcoin (WBTC) just before Donald Trump’s inauguration as the 47th U.S. President.
Joe G & Money Talks
January 21, 2025 • Estimated Reading Time: 7 minutes
What we will talk about today...
"Ready to Breakout": $100K Support at the Center of Attention
Trump Crypto Team Buys $47M in Bitcoin
MicroStrategy Drops After Trump’s Inauguration Sidelines Crypto
Bitcoin’s price action hovers around $100K, with market indicators signaling an imminent breakout. Despite Inauguration Day volatility, BTC remains above key support levels, as analysts anticipate a return to trend-driven movements.
The #Bitcoin Choppiness Index is fully gassed, and ready to trend.
As covered back in late-Nov, the thesis was we likely had several weeks of chopsolidation before properly trending away from the $100k level.
We're there.
My latest analysis for @_checkonchain subs is below👇
— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_)
6:26 AM • Jan 21, 2025
Main Points:
Price Fluctuations: BTC tested $100K, facing pressure but maintaining critical support.
Market Liquidations: $500M in long positions liquidated within 24 hours.
Key Levels: Analysts highlight $97K as crucial for bullish sentiment.
Breakout Signals: Choppiness Index suggests a strong trend may follow recent sideways movements.
Detailed Insights:
$100K Support Holds: Despite post-inauguration volatility, BTC resisted breaking below $100K, with traders monitoring liquidity movements in the $97K-$99.5K range.
Liquidation Impact: Over $500M in crypto long positions liquidated, intensifying short-term market fluctuations.
Trading Focus: Analysts pinpoint December’s range ($90K-$108K) as pivotal for BTC’s next directional move.
Choppiness Index Signals: The index indicates the end of consolidation, paving the way for a decisive price trend.
SMA Relevance: Bitcoin’s 10-day simple moving average (SMA) at $99,969 is a key level for upcoming price action.dst market uncertainties, projecting significant gains for the cryptocurrency.
$BTC
Decembers High & Decembers Low defines the key range for me.
Acceptance out of either side most likely resolves in a trend.
For now, the market will keep both bulls and bears speculating, but in truth, it’s just another range and that’s where my focus remains.
Theres no… x.com/i/web/status/1…
— XO (@Trader_XO)
11:45 PM • Jan 20, 2025
$BTC is targeting the nearest liquidity on both sides.
The next key liquidity clusters are highlighted on the chart.
— Hyblock (@hyblockcapital)
3:43 AM • Jan 21, 2025
Bitcoin’s market conditions point to a critical juncture, with analysts anticipating either a breakout to new all-time highs or a retracement to test deeper support levels. Traders are urged to remain cautious amid heightened volatility and liquidity shifts.
WHAT WE RECOMMEND😉
To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You
|
|
Just Clicking The Subscribe Button Helps Us Continue
For Free Forever
Trump Crypto Team Buys $47M in Bitcoin
The Trump administration’s crypto team shifts $47 million into Bitcoin via Wrapped Bitcoin (WBTC) just before Donald Trump’s inauguration as the 47th U.S. President.
Main Points:
Treasury Shift to Bitcoin: Trump’s team invested $47M in Wrapped Bitcoin hours before his inauguration.
On-Chain Transparency: Transactions recorded on Etherscan show multiple $4.7M purchases via Cow Protocol.
Volatile BTC Movement: Bitcoin reached $109,000 but later retreated to $103,000 after the inauguration.
WLFI Activity: Trump’s DeFi project, World Liberty Financial, also acquired Ethereum, Chainlink, and Aave.
Meme Coins Controversy: Launch of TRUMP and MELANIA tokens draws mixed reactions.
Detailed Insights:
Strategic Investment: WLFI’s $47M Bitcoin purchase reflects increasing institutional interest in crypto.
Protocol Used: The transactions leveraged Cow Protocol, emphasizing secure decentralized trading.
Market Impact: BTC volatility spiked before and after Trump’s inauguration.
Mixed Sentiment: The meme coin launch faced criticism over potential conflicts of interest.
Bullish Outlook: Speculation around a Strategic Bitcoin Reserve fuels long-term optimism for BTC.
The Trump administration’s early move into Bitcoin signals a growing governmental interest in digital assets, even as controversies around other initiatives arise. BTC’s price action reflects this shifting narrative.
₿itcoin reached $102,188. -5.80%
♢Ethereum reached $3,242. -2.41%
President Trump’s speech avoided cryptocurrency mentions, triggering market declines for Bitcoin and related equities.
Main Points:
MicroStrategy shares fell 2.35% to $386.80 in overnight trading.
Bitcoin retreated below $102,000 after peaking pre-inauguration.
Trump’s “Golden Age of America” theme focused on traditional assets.
SEC chair change raises uncertainty for crypto regulations.
Detailed Insights:
MicroStrategy’s Reaction: Shares dropped after the inaugural address omitted crypto policies.
Bitcoin Decline: BTC fell to $101,775, shedding pre-speech gains.
Market Volatility: Crypto-related stocks and Bitcoin saw heavy sell-offs post-event.
SEC Leadership Shift: Mark Uyeda replaces Gary Gensler as SEC’s acting chair.
Gold Advocacy: Trump’s “Golden Age” nod emphasized traditional assets like gold.
Market reactions suggest increased speculation about crypto’s policy direction under the new administration. Analysts advise monitoring regulatory developments closely.
CAN YOU PREDICT THE PRICE?
Bitcoin Price Prediction for Tomorrow?🤔 |
HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪) What did you think of today's Newsletter? Don't worry, you won't hurt our feelings... 🥲 |
Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results