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Trump Media on the Move: Will We See $62 or a Bigger Reset?Alright, trading family, let’s talk about what’s brewing with Trump Media Group (DJT). Here’s what I’m seeing: 1️⃣ Scenario 1: If we close above $34.52 on the 4-hour chart, we could see a strong push up to $42, $51, $62, and maybe beyond. 2️⃣ Scenario 2: A pullback to $28.94–$28 could set the stage for a bounce back up to those same zones. 3️⃣ Scenario 3: If we break below $25.41, we might head down to the $17–$20 range before finding support and potentially pushing back up. Stay patient, let the price action guide you, and remember—it’s all about riding the waves the market gives you. Always trade what you see, not what you think! Mindbloome Trading/ Kris
NASDAQ:DJT
by Mindbloome-Trading
TSLA: My Trade of the YearTSLA was my trade of the year… filled with frustrations, irritations, and annoyances. We hit 260-270 three times without pushing higher, and three times I didn’t sell. There was an upward gap to be filled around 289—mission accomplished. Then, on the 3D chart, there was this huge resistance, the red box, which was finally broken through. I just sold the remainder of my TSLA shares, accumulated heavily since this spring. Massive accumulation. These last shares had a PNL of +98%. Simply mind-blowing.
NASDAQ:TSLAShort
by Maximus20000
Cardano Founder A Potential Crypto Advisor to TrumpThe cryptocurrency world is buzzing with speculation about the potential appointment of Cardano founder Charles Hoskinson as a crypto advisor to the next US administration in 2025. This news has sparked excitement among ADA holders and crypto enthusiasts alike, with many wondering if this could trigger a significant bull run for the Cardano token (ADA). Hoskinson's Background and Vision Charles Hoskinson, a prominent figure in the crypto space, is known for his co-founding role in Ethereum and his subsequent creation of Cardano. He is a vocal advocate for blockchain technology and its potential to revolutionize various industries. Hoskinson's vision for Cardano is to create a sustainable and scalable blockchain platform that can support a wide range of decentralized applications (dApps). Potential Impact on Cardano (ADA) If Hoskinson were to become a crypto advisor to the next US administration, it could have a significant impact on the cryptocurrency market, particularly for Cardano. Here are some potential scenarios: • Increased Regulatory Clarity: Hoskinson's influence could lead to more favorable cryptocurrency regulations in the US. Clearer regulations would reduce uncertainty and attract more institutional investors to the market, potentially boosting the price of ADA. • Enhanced Adoption of Cardano: Hoskinson's position could help accelerate the adoption of Cardano's blockchain technology. Governments and businesses may be more inclined to explore the potential of Cardano for various use cases, such as supply chain management, voting systems, and financial services. This increased adoption could drive demand for ADA and push its price higher. • Positive Sentiment and Market Momentum: Hoskinson's appointment would likely generate positive sentiment and excitement around Cardano. This could lead to a surge in buying pressure, driving the price of ADA upwards. Additionally, it could attract new investors to the Cardano ecosystem, further fueling the price rally. ADA Price Prediction: Could It Reach $5? While it's difficult to predict the exact price of ADA, the potential positive impact of Hoskinson's appointment could certainly contribute to a significant price increase. However, reaching $5 would require a combination of favorable factors, including: • Continued Development and Innovation: Cardano's team needs to deliver on its development roadmap and introduce innovative features to attract developers and users. • Positive Market Sentiment: A sustained bullish market sentiment for cryptocurrencies would be beneficial for ADA's price. • Increased Institutional Adoption: Growing interest from institutional investors would provide significant support for the price of ADA. It's important to note that price predictions are speculative and subject to market volatility. While Hoskinson's appointment could be a major catalyst for ADA, other factors such as broader market trends, regulatory developments, and technical analysis will also play a crucial role in determining the price of ADA. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Dollar long to short (A controversial idea)It is no surprise that we have seen an influx of buyers in the dollar market since september when the news about Trump running for the election for a second time built alot of trust in the dollar. However, I don't believe this will last for very long. Market open we will see either one of two scenarios play out... scenario A: price will push up slightly causing a further BOS to the upside and taking ASH liquidity before then retracing into the 2H demand in order to mitigate the weekly supply deeper. Scenario B: Price will drop taking out the buyers from the 2H demand as this area is not yet validated by a structural break, price will then fill the 8H IMB and continue its push upwards into the weekly supply which is further validated against my XAU/USD breakdown. In conclusion, if not this week then within the next coming weeks we will see price react from this weekly supply or the weekly IMB above in order to continue in its overall downtrend. REMEMBER all it takes for the DXY to continue dropping is a major news event
TVC:DXYLong
by JamelCapital
XAU/USD to continue dropping?From both technical and fundamental analysis I believe we should be seeing the beginning of a gold drop. Gold has been nothing but bullish with extreme euphoric movement. Following Donald Trumps win in the American election we can expect the dollar to begin its bullish ascent meaning that its time for the XAU/USD to finally start its descent. from my charts we can see that I predict a slight bullish move from the market open reacting of an 8H Imbalance taking Asian high liquidity from the upside and reacting from another 8H IMB to ultimately continue in its downtrend at least until the daily zone that caused a previous break of structure to the upside.
OANDA:XAUUSDShort
by JamelCapital
Lunar 2024: The Volatile Dragon Favors the Loud Rooster!🐲 Welcoming 2024: The Volatile Dragon Favors the Loud Rooster 🍊📢 🌕🧧 Happy New Year Wishes: Celebrating the Year of the Wood Dragon with Our Asian Friends 🎋✨ As we usher in the New Year, I extend my heartiest greetings and warmest wishes to our Asian friends. 🎊 May this Year of the Wood Dragon bring you abundant health, happiness, and prosperity. Let the lucky number 8 pave your path with fortune, and red envelopes fill your days with joy and luck. 🐉🍀 FXPROFESSOR's Prescience vs. Biden's Election Mode Bravado (fail!) 🔮💼 Kicking off the new Dragon year was President Joe Biden with a tweet that sparked discussions—complete with laser eyes and a confident assertion. But let's set the record straight: it was the FXPROFESSOR's sharp analysis here on TradingView that predicted the climb of Bitcoin with uncanny accuracy. Remember the post from January 12, 2023? It wasn't just drawn up; it was prophesied. While Biden may be in full election mode, trying to score points with the crypto crowd, it's the charts that tell the true tale. Yes, SP500 at AtH, dolalr strong, economy strong and inflation better but we are all aware that situation is not really good (Ukraine, immigration, war in Middle East, etc etc) As for Bitcoin: it should had been already much higher Mr President! We don't buy this, sorry! 📢Biden's tweet: twitter.com 🐉Professor's Prophecy in January 2023 with BTC at 18k breakout based on predicting the fundamentals that followed (rates, inflation, election mode, ETF approval): (click on play!🐉) Rooster's Rally in the Dragon's Year: Trump's Potential Political Resurgence 📣🍊 2024’s lunar calendar bestows favor upon the Rooster, an emblem of outspokenness and assurance. In a twist of fate, this bodes well for the audacious Donald Trump. The year of the Dragon favors the Rooster, and Trump's resemblance to the Rooster—both in spirit and, as we'll see in a shared link, in imagery—is uncanny. Will the stars align for his political comeback? The markets watch with bated breath, pondering the impact of his potential return. Trump is the Rooster (God help us all): globalnews.ca and www.bbc.com Volatile Fire of the Dragon: Charting the Course 🐲📈 The Wood Dragon heralds a year of market ebbs and flows, demanding our keenest analytical prowess and foresight. In Forex, the British Pound against the Japanese Yen—aptly nicknamed 'the Dragon'—serves as a perfect metaphor for the expected volatility. This year more than ever, we must clutch our charts tightly and trust in the insights that have guided us through tumultuous times. Let's dive into this year with the knowledge that our astrological and economic journey will be as intertwined as ever. Here's to a year where our trading decisions are as informed as they are inspired, and where our discussions are as robust as the markets we navigate. And don't be mistaken: 1. The Charts will show us the way just like they did in 2023 (click on play...) 2. Politicians are dirty people, 99% of the time. I support nobody, not Trump nor sleepy Joe Bye-Biden. I wish the US could have had a normal human being for a president like they did for so many decades and not this bipolar shit-show....sorry! One Love, The FXPROFESSOR 💙
Long
by FX_Professor
U.S. Elections: From Bullets to Green Candles🇺🇸 U.S. Elections: From Bullets to Green Candles 💡🌐 With Kamala Harris and Donald Trump both embracing pro-crypto stances, the upcoming elections are set to pivot towards crypto discussions. Moving away from controversies like the assassination attempt on Trump, the focus now is on who can best integrate crypto into America's future. Trump's bold statement about potentially using Bitcoin to back the U.S. dollar has sparked significant interest and debate. Bullish Election Impact on Crypto Both candidates are increasingly engaging with the crypto sector. Kamala is considering attending the Bitcoin 2024 conference, while Trump is expected to deliver a historic message at the same event. This shift signifies a potential future where crypto plays a central role in America's economic strategy. With the Federal Reserve expected to cut interest rates, following the trend of other central banks globally, the financial landscape could be set for significant changes. Bullish again Previous Predictions and Market Impact In January 2023, I accurately predicted a strong Bitcoin entry point at $17,000, emphasizing inflation, interest rates, and solid fundamentals. This proved crucial for significant gains. 🌐 By February 2024, I predicted Trump's resilience amidst pressure, highlighting his favored status as "the loud rooster," and he indeed remained a prominent figure. My analysis of the geopolitical landscape was spot on, with Biden stepping down, leaving Harris to face the new favorite: The Rooster Trump. 🌐 Technical Analysis and Projections The chart shows a new nice flag, indicating potential significant upward movement. Expect big green candles, possibly pushing Bitcoin to $100,000 or even $160,000, influenced by the election dynamics. These bullish patterns are supported by strong fundamentals and increasing institutional interest. Political Influence on Market Sentiment The political climate has always had a profound impact on market sentiment. Trump's potential plan to use Bitcoin to back the U.S. dollar could revolutionize the financial landscape, driving significant market momentum. This unprecedented move might not only stabilize Bitcoin's value but also cement its status as a legitimate reserve asset. Future Outlook and Strategic Implications Looking ahead, the integration of crypto policies by either candidate could define America's financial future. Harris might continue the current administration's regulatory path, while Trump’s approach could be more radical, potentially transforming the U.S. dollar into a Bitcoin-backed currency. Investors should stay informed and prepared for rapid market changes. The anticipated interest rate cuts in the U.S. add another layer of complexity and opportunity, as they could stimulate the economy and potentially bolster the crypto market further. Let's hope for democracy and peace: no more bullets, big green candles. One Love, The FXPROFESSOR 💙 A bit of fun: 🏳️‍🌈Ka'mala (not Kama'la) Harris identifies as a she/her crypto enthousiast who keeps saying ''what can be unburdened by what has been" 🏴‍☠️ Trump has been dodging bullets like Neo in the Matrix , yelling 'FIGHT' seconds after being shot! Some serious Cowboy stuff! Who do you prefer and why? Let me know in the comments.
KRAKEN:BTCUSDLong
by FX_Professor
1
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr ! 1/ The crypto market typically dips ahead of US elections In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto 2/ The election results will trigger either a market boom or bust Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time. 3/ Trump/Harris will be terrible for the economy While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation. In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active. While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this: Zoom out → stay calm → remember…In the long run, crypto tends to prevail. November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand: 1/ October Recap Expectations were high for ‘Moontober,’ and it delivered (though gains were modest). October saw: - $ BTC up 11%, with the broader crypto market up 10% - US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October. This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal. 2/ Macro Outlook Now, on to November. This week features two major macro events: - US Elections – Tuesday, Nov 5th - Rate Cuts – Thursday, Nov 7th Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets. The bonus? Historically, Bitcoin’s average return in November is +43% If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end! Cross your fingers, toes, and eyes! 3/ Token Unlocks October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure. 4/ Earnings Reports This week brings earnings from: - Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF) - Arm (semiconductor architecture designers) - Qualcomm (wireless tech products) - Sony (self-explanatory) But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell. We’ll be here daily with updates as events unfold
Long
by moonypto
10
4 Winning Years Ahead for Traders Under TrumpOn November 5, 2024, the markets made it loud and clear—they’re excited about Donald J. Trump’s return to office. Stocks, the dollar, and other key assets all responded with strong moves that reflect investor confidence in what his policies might bring. Compare this to the last few years under Biden, and the difference is striking. The market barely budged during Biden’s presidency; even when he contracted COVID-19, it was business as usual. With Trump back, though, there’s an undeniable surge of optimism. Let’s look at what’s happening across the major assets and what it could mean for us traders in the days ahead. S&P 500 (SPX) The S&P 500 spiked from $5,704 to $6,018 on election night—a powerful rally that signals investor optimism. It seems the market is embracing Trump’s expected focus on tax cuts and pro-business policies. This kind of jump doesn’t happen without a reason; investors are clearly betting that Trump’s return will be good for corporate America and, by extension, for the economy. Gold (XAU/USD) In times of uncertainty, gold usually rallies as investors look for safe havens. But on election night, we saw the opposite: XAU/USD dropped from $2,750 to $2,643 per troy ounce. This decline tells us that investors feel less inclined to hedge their bets with gold, opting instead for assets tied to economic growth. When people pull out of safe havens, it's often a sign they’re feeling pretty good about what’s ahead. U.S. Dollar Index (DXY) The dollar had its own rally, with the DXY climbing from 103.3 to 105.4. This spike reflects confidence in the U.S. economy’s potential under Trump’s leadership. With the dollar gaining strength, it’s clear that investors expect strong economic fundamentals and possibly higher interest rates—both of which could keep the dollar in demand. Dow Jones Industrial Average (DJI) The Dow also rallied, jumping from $41,649 to $44,173. This boost is especially interesting because it reflects optimism in sectors like manufacturing, energy, and infrastructure—industries Trump has supported in the past. Investors are likely betting on policy moves that could provide a lift to U.S. industries, potentially driving corporate profits higher. WTI Crude Oil (WTI) Looking forward, I’m expecting WTI prices to come under pressure as Trump likely revisits his focus on domestic oil production. If he revives the “drill, baby, drill” approach, we could see supply levels increase, which would weigh on prices. This potential shift in energy policy is something to keep an eye on, as it could create fresh trading opportunities. The Big Picture From stocks to the dollar, the market’s reaction seems to signal that Trump’s return is seen as positive for growth and stability. Reflecting on his previous term, I remember trading seemed almost simpler—beyond economic reports, following Trump’s statements (especially on Twitter) often gave insight into market sentiment. We might be looking at a similar environment now. Final Thoughts for Traders Trump’s re-election sets the stage for market dynamics we’ve seen before, with a familiar blend of optimism and volatility. For traders, this could mean more straightforward strategies, particularly by keeping an eye on policy shifts and economic indicators. With Trump’s leadership back in play, I believe the next four years could be some of the best trading years we’ve seen. Whether you’re in stocks, commodities, or forex, it’s clear the market is responding—and as traders, there’s a lot we can take away from that.
OANDA:XAUUSD
by GoldCartel
27
A capture of inflation, dilution and stimulus /2024As we see by the chart, we had a series of events mostly around mega-stimulus for Covid and a massive dilution of currency as triggering events. Inflation rose and is now back down close to the desirable 2% inflation. We don't want prices to go back to where they were, that is deflation and is not healthy for an economy. We want prices to stay near the same year after year with modest inflation. When inflation rises too fast, we increase interest rates to slow down spending, to reduce inflation. The best we can do is work on wage growth to accommodate the inflation from our past years while maintaining modest inflation. At 2.4% inflation currently, there really is pretty much nothing to fix anymore, we just need to keep it around where it is, a little lower really and work on modest wage growth. Looking at this data, it really looks like the vast majority of the culpability of that inflation we had came from 2020, one of the single worst years financially as a country with inflation starting to rise immediately in 2021, and exacerbated some in 2021. Looking at this chart, there is a tangible possibility that we see >10% inflation by 2027 Here is the M2 money supply chart:
ECONOMICS:USIRYYEducation
by EncryptShawn
Spring is ComingThe last months in crypto markets have been firmly in the shadow of the looming US presidential elections. Whatever one's political stance, it was hard to argue that a Donald Trump victory would not be immensely positive for the crypto industry. The ongoing legal fights between US regulators such as the SEC and the crypto industry and the Biden administration's open hostility to the industry were a constant backdrop of the past years. In sharp contract, Republican candidate Trump had embraced the industry in early 2024. His appearance at a large Bitcoin conference in Nashville, his announcement to fire SEC chairman Gary Gensler on day 1 of a Trump administration and also his promise to build a national US Bitcoin reserve have been music to the ears of many a crypto trader. No wonder that as soon as Trump started to take the lead on election night, Bitcoin rallied sharply. A new all-time-high of $75,000 per one Bitcoin was reached nearly effortlessly. Bitcoin has been trading above $76,000 for most of the post-election days. Across the industry, the drop in tension is almost palpable. No longer will a bad faith regulator pursue legitimate companies such as Coinbase, Uniswap or Consensys at will. No longer will Senate block common-sense crypto regulatory frameworks. The possibilities now seem almost limitless. Coins of Decentralized Finance (DeFi) projects have seen some of the largest rallies since election days. Not only will these projects benefit from regulatory clarity, but their tokens might also start to receive genuine utility such as revenue shares. The fundraising environment for projects should become more open. Maybe more onchain projects will open up to American users. It is common practice for projects to geo-block American users for fear of the long arms of US law enforcement. It is nearly poetic justice that mainstream pollsters predicting a tight election were outperformed by Polymarket, a crypto-based prediction market that continuously showed Trump well ahead of his Democrat opponent Kamala Harris. What will the next months hold? US presidential elections tend to be bullish for crypto markets. After Obama’s 2012 victory, Bitcoin rose nearly 2,400% within a year. In 2016, following Trump’s success, Bitcoin soared 960% over the following 12 months. One year after Biden’s 2020 win, Bitcoin rose another 360%. Of course, Bitcoin's large market cap means that much more new capital must enter to move the price substantially. Yet, the optimism in the industry right now makes everything seem possible. Sure, disappointment could always come next year, but for now, Spring has arrived early. Let's enjoy the party while it lasts.
Long
by Coinrule
2
Three days after elections and one after FED cutStarting with #VIX the value decreased a lot after elections showing the decrease in investors fear With less fear we can follow the #SPX #DX1! #BTC1! which strongly rise their value. Commodites in general seems to had loss some points with Dollar strength, in this chart we can watch #GC1! and #BZ1! as benchmark In the case of Brent we can see a double top even with line chart. #US10Y decreased after 25bp cut nevertheless with Trump election US will probably activate more worldwide tariffs and this can lead to an increase in prices, and so the next couple months CPI will be a important measure to look at US economy in the future. So even it's decreasing and bonds are inversly to prices, I should keep an eye on it
TVC:US10Y
by AFCapital21
Japan’s consumer spending slips, yen extends gainsThe Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% on Wednesday and rebounding on Thursday with a 1.1% gain. Japan’s household spending fell by 1.1% y/y in September, following a 1.9% drop in August. This was better than the market estimate of -2.1%. Household spending has declined in 10 of the past 12 months, as consumer confidence fell in October and inflation is relatively high. On a monthly basis, household spending decreased 1.3%, after a strong 2% gain in August. This beat the market estimate of 0.7%. The weak yen is also weighing on consumers, who are being squeezed as their purchasing power has fallen. The yen fell to three-month lows this week against the dollar and if the downswing continues, the Bank of Japan will be under pressure to respond with a rate hike. Although consumers are holding tight on the purse strings, wages have been rising and the BoJ is hopeful that will translate into increased consumer spending and demand-driven inflation. Consumer spending makes up more than half of the economy and BoJ is unlikely to make further rate hikes until it sees stronger consumer spending. The markets don’t expect a rate hike until early 2025. The Federal Reserve didn’t surprise anyone with a 25-basis point rate cut on Wednesday. This is the second cut in the easing cycle after an oversized 50-bp chop in September. The vote was unanimous and unlike the Bank of Japan, the Fed has been transparent and telegraphed its plan to cut rates ahead of the meeting. The Fed is expected to continue cutting rates in the coming meeting and will be keeping a close eye on inflation and employment reports. USD/JPY faces resistance at 153.44 and 154.17 152.16 and 151.43 are the next support levels
by OANDA
BTC - Bullish Phase Confirmed!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? and this post from last month? 📌 It is confirmed. Pattern 1 Activated after breaking above the red channel and 70k. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
Long
by TheSignalyst
11
Trump wins? $DJT to fall into election, then rally after?I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win. We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls. To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election. Let's see how it plays out over the next week.
NASDAQ:DJTLong
by benjihyam
21
Bitcoin Rips to $76,000 on Trump Pump. Can It Hit $100,000 Next?Bitcoin BTC/USD was fully onboard with Donald Trump’s race to the White House. With much fanfare and celebration, the orange coin crossed $76,000 to hit a new record as the former President clinched the top spot in American politics in a stunning comeback, defeating Democrat Kamala Harris. So, what’s with that big surge and what can you expect ahead for the crypto industry under a Trump presidency? Let’s find out. Bitcoin BTC/USD , the original cryptocurrency, is in full beast mode now that former President Donald Trump has defeated Vice President Kamala Harris to win the White House. The price of Bitcoin rocketed to the rarefied air of $76,000 on Wednesday, gaining more than 9% on the day and catapulting its valuation to a record $1.5 trillion. Bitcoin has been a centerpiece in Donald Trump’s campaigning efforts. It’s part technology, part investment — two things Trump loves and embraces. In fact, he seems enamored with the coin and went the extra mile for it. Not only has he reiterated his support for the crypto industry, but has vowed to make the US “the Bitcoin superpower of the world” and the “crypto capital of the world.” Big-shot crypto players, such as Andreessen Horowitz and Gemini founders the Winklevoss twins are cheering Trump’s victory after they had endorsed him and spent lavishly on his campaign and on promoting pro-crypto candidates for Congress. “We are on the brink of a new American Renaissance,” said Tyler Winklevoss in a post on X . “The crypto army is striking!” Brian Armstrong, CEO of Coinbase COIN , also praised Trump’s election win. “Welcome to the new members of America's most pro-crypto Congress ever…” the crypto exchange boss said on X . “219+ pro-crypto candidates and counting have now been elected to the House & Senate.” “Tonight the crypto voter has spoken decisively.” Hopes are high now and the agenda is already looking busy. Overjoyed crypto circles expect three main things from Trump: 1) To pass crypto-friendly laws and regulations that will help propel the industry ahead of its foreign competitors (China and Russia, mostly) in terms of business, mining and trading. 2) To fire Securities and Exchange Commission Chairman Gary Gensler “on day one.” Gensler is seen as a villain to the broader adoption of crypto both on Wall Street and in general. During Gensler’s tenure, the SEC has chased down crypto exchanges, such as Coinbase, Kraken and Crypto.com with more than 100 lawsuits. 3) To create a Bitcoin strategic reserve — a lofty ambition, which will make sure the US government never sells its Bitcoin (currently the US holds roughly 200,000 BTC). More on this below. There’s already a bill introduced by Sen. Cynthia Lummis (R–Wyo.) to whip up a reserve with a target of 1 million Bitcoin over five years (200,000 BTC a year). “For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump has said during a campaign speech. “If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future,” he said. Currently, the government every now and then auctions off its Bitcoin, which has been seized from criminals. With that in mind, how is Trump and the Republicans broadly going to approach the next four years? In short: Pro-business Pro-growth Light regulations Low taxes Or, as Tesla TSLA CEO and vocal Trump backer Elon Musk expects, "The future is gonna be so 🔥" Besides Bitcoin, how did the result of Election Day bump up other digital assets and crypto stocks? Ethereum ETHUSD , the second-largest coin, got a 10% boost to its price, going over $2,800 a piece. Solana SOLUSD , an Ethereum rival, pumped to levels above $190 from under $170. Dogecoin DOGEUSD , the Shiba Inu-themed coin beloved by Musk, surged more than 30% in volatile trading and crossed 21 cents before paring back some of the gains to slide under the 20-cent threshold. In general, it was a good day for cryptocurrency markets . Crypto stocks reacted with a sharp dash to higher grounds as well. Crypto exchange Coinbase COIN pumped 31% to notch its best day ever . Bitcoin-hoarding software firm MicroStrategy MSTR surged 13%, lifting its year-to-day gains to a whopping 276% increase. Crypto miners’ stocks also participated in the rally. Riot Platforms RIOT gained 26% on the day, followed by Marathon Digital’s MARA 19% increase. Another Bitcoin miner, Core Scientific CORZ , closed up by 10% on the day. Over to the exchange-traded fund space. The burgeoning crypto ETF space turned up some impressive figures. The pack of 11 spot Bitcoin ETFs collectively pulled in $612 million of net new money on Wednesday. The spot Bitcoin investment vehicles now command $26 billion in assets under management. Ethereum ETFs, a bundle of 9 , picked up $52 million of daily net inflows, bringing the total amount of investments to $1.35 billion. With that said, were you brave enough to chip in before the big Election Day? And do you think the door to $100,000 is now wide open? Drop your thoughts below and let’s whip up the discussion!
BITSTAMP:BTCUSD
by TradingView
26