Topic: is Trump responsible for the bullish movement? (Read 387 times)

it's not about the election issue that is the cause. in fact they are truely economic influencers who really affect the market globally not only in crypto but in FIAT USD trading and gold which is pushed to the peak. However I think this will not last long there will be market saturation and will correct the price according to the actual price.

They aren't the only factor that are driving the market so crazy, if i know correctly we experienced ETF, then comes Halving all the event should be a driving forces for the market to gain so much increase within the past few months. The US also attributes to increase but we can't just give a total accolade to Trump for his winning.

Yes, Trump is all responsible. One thing about the crypto market is that something must be responsible for every big move. When the price drops, it will be linked to either one war or government policy. Now the price up immediately signs that Trump will win shew up. So, let's all agree that it's all about Trump and his friend Elon.

For sure everyone knows who is responsible for what is happening in the market and that is because of the kind of step that trump took, about involving is election with bitcoin because there is no way bitcoin would have appreciated if not for trump, yeah having a crypto free government helps the growth of bitcoin and even drive people to gain more confidence in investing in it but in a situation the government is always fighting against bitcoin people might not really pick intrest because of how the government sees bitcoin. And the moment trump work the election, there was increase in term of price.

And there is a lot of good things coming from the aspect of trump because trump have a good plan for bitcoin, and if they use it as a reserve funds, it will make things more interesting because it will affect the market, and the bitcoin reserve fund, will make a lot of sense.

Trump and Elon Musk are businessmen, and they are also huge investors in this crypto world so we have to understand few points they are surely doing nothing just for their own sack, and they are taking good benefit of this as well market is surely having his own worth, but players like these surely having huge impact, and they are also working on this for years how to bring things on their way so right now as they are still had time for having office things are going positive.

With this election and few laws about crypto it's going to have good stability and peoples will be also enjoyed good change because as mentioned we have many senators those are crypto-friendly and also want to bring soft policies for this mean now we are heading for new era in this crypto world after long wait with instability and bans and other rules and regulations which were preventing peoples to have something from this freely.

Trump has a contribution, but he is not the only one responsible; its a series of events, and this is something expected after the halving, plus we do not have bad news while Trump is mentioning Bitcoin and cryptocurrency in his campaign trail; all of this contributed to where Bitcoin is right now.
I think we can still get a pump even if Trump did not mention Bitcoin, but its not the kind of pump that we are experiencing right now; this is just the start and we will have more after Trump starts his duty at the White House.

Donald Trump's success is actually associated with the price movement of Bitcoin and other cryptocurrencies, but he is not the main reason for the pump.
The bull run we have been anticipating is just here, and it was influenced by the success of Trump in the just-concluded US presidential election. It has a price effect because the other opposition is like a threat to Bitcoin, and following some regulations the former US government placed on cryptocurrency, which caused panic among investors, has delayed the Bitcoin and other crypto price movement because it was the reason for is just here and it was influenced by the success of Trumph in the just concluded US presidential election, it has price effect because the other oppoition is like a threat to Bitcoin, and following some regulations the former US govermennt placed on cryptocurrency which cased panic among investors has delayed the Bicoin and other crypto price movement because it was the reason for the long bear market, that is why since Trumph knows what people want, he decided to support Bitcoin in his campign and he was successful, and that is why the bear market was over. However, he is personally not associated with any price control, and he or any other person has no right to manipulate Bitcoin price.

It's the people who bought because of them are the real reason. Trump didn't make it go up, we can't give credit to trump, it's the people who bought bitcoin because trump won that made bitcoin go up. That's the trick isn't it, bitcoin goes up when there are more buyers than sellers, so if people bought bitcoin unusually more than normal, the price goes up, no news, no improvement, no new feature, nothing makes it go up by itself, it's us that buy bitcoin that makes it go up.

So the question is, did Trump bought billions of dollars worth of bitcoin to make it go up? Did Elon? Nope. Who did? We did, everyone in the market who bought bitcoin in the last month, we are the reason and we are responsible for making it go up, that's it.

The election played a big part in the bull run, there is no denying that.

I do not consider Trump or Elon Musk to be responsible for the current market recovery. It is true that they are major players, but it is not true that they are directly responsible for the wave of rising value of the cryptocurrency market.

In fact, the main person responsible for what the market is experiencing today is the state of the market itself. The crypto market is an emerging market and its movement is still highly volatile due to precise and often simple factors. This explains the degree of risk that investors must be aware of before placing their investments because a price capable of jumping up by high rates is also capable of falling by high rates as well.

Other markets can be considered more stable compared to the crypto market. But this does not mean that they are not affected by important world events, especially the US presidential elections. Other markets such as oil or gold had recovered after the election results were announced, but by small and reasonable rates that ensure market stability.

yeah if the strategic bitcoin reserve is a real thing, expect bitcoin to be booming anywhere around the world, we all know most of countries on earth always follow example of financial step that the US is taking.
just imagine the future where every country have their own strategic bitcoin reserve much like strategic gold reserve but made of crypto and mostly bitcoin as a store of value and hedge against inflation, that'd be great.

can't wait to see this drastic step to be taken, we might be seeing historical event on the making right here.

Bitcoin would have tanked had the Democrats won, in my view.
The outlook for Bitcoin and crypto was uncertain before the election. Under the Democrats the future looked more of the same. Prices did increase but that was because Trump began championing crypto and a 50/50 chance of him becoming POTUS. Remember he was anti crypto in the past. Without a Trump victory there would not have been a rally as we've seen. Kamala made some noises about being more crypto friendly than Biden but nothing along the lines of Trump.
Prices also rose pre election because of the halving, the liquidity cycle (interest rates were seen as having topped out) bitcoin very susceptible to the liquidity cycle.

Trump is responsible for the bullish movement. His winning in the US presidential election has driven the FOMO. Look at the chart. BTC was dumping before announcement of his winning in the election. It's surging a lot after an announcement about him won election released at 7 november. It's still very bullish until this time.

People drived by FOMO of BTC used as strategic reserve. It creates massive demands from retail and instistutional investors. After BTC reached peak price, BTC dom moved down, and it trigger altcoins to surge a lot.

We shouldn't really consider it like that, we were dong fine and I agree with that, and this is of course helpful as well and we should be glad that it happened as well. The way he is promoting bitcoin, you would consider that he has a lot of money in bitcoin, I do not have any clue how much Trump personally owns, maybe a lot or maybe not a lot, but I am sure that it's good enough at the moment and we need to consider that he could have some personal benefit from this because he is promoting it that much. If he keeps this up and keeps promoting it, while holding the most powerful position in the world, I am sure that he is going to end up with a much better profit, because he will make it go super high and that will be great.

I wouldn't say did 180? I mean we were already up weren't we? That doesn't mean we didn't go even further up, of course after the election the price went up even more, but not like we were in some bear run before the election. Remember, we went from a bottom of under 20k dollars, we bottomed out at 15-16k during bear run, and peaked above 70k+ dollars, nearly 75k dollars before the election, that's a 3x increase even more wherever you look from, could be considered as high as 5x increase.

We haven't even done 50% increase so far since then, we are doing good don't get me wrong and I am very happy that we are breaking all time highs constantly, that is an awesome thing, but lets not act as if we were going down and then we started to go up.

Since the election the future for crypto has done a complete 180o! Trump and all those around him are themselves investors. Many of the senators been voted in are crypto friendly. Gary Gensler will be gone on Jan 20 a crypto friendly chair will replace him.Many commentators expect the outstanding cases to be dropped or settled thereafter.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.

No doubt that he did it and there will be more to the story for this cycle. Before, I'm not impressed of the news like this but then, something is really different on this cycle. Too many things have happened in a short span of time and yet, there's more to come that everyone anticipates.

So, I think you are part of the big network that this exchange has on this forum. But if ever you have made a lot of money in there and that is for real, congratulations!

Trump and Elon became a very positive catalyst for the market, therefore their victory in the American election made the market very passionate because Trump was very friendly with Bitcoin and other Crypto, and I felt to be the biggest catalyst this year.

Altcoin many have been ATH but my personal opinion some among them will not have a new ATH, it will not happen to all because it needs more liquidity to get that position as Altcoin, if the coins you mention can get the attention of the market and trigger the new ATH, you Maybe it will be a very happy person, but than that all I think DOGE is far more likely to return to ATH.

BGB hitting 3 new ATH in 3 days is impressive but I won't say I'm surprised. You know for sure they've been up with lots of events, products and activities that require the use of BGB this placing it on high demands right?

Talking about market reaction, one of the notable forces that trigger a market movement in both positive and negative directions is news, The cryptocurrency market reacts to newlotlott and for that, since Trump made some positive comments towards bitcoin and cryptocurrency during his campaign, his winning news will impact on the price of bitcoin both for short term and long term basis.

That makes it clear that the post-halving and Trump victory have been pointed to be the major sources of the current Bitcoin and crypto bull market.

It's probably easier to list those that did than those that didn't. At this point, there are only a handful of altcoins that have reached ATHs in the past few days. The vast majority of others are still far from their previous ATHs from 3 or 4 years ago. At least as far as the top 20-30 altcoins are concerned, I haven't checked further.

In my opinion, Elon Musk and Trump benefited from Bitcoin, it was a mutual benefit.
And everything was ready to be fired and waiting for the crypto market.
In the US elections, many people remembered cryptocurrencies again because Trump and his friend Musk supported Bitcoin. BTC and SOL made ath, and the wait for ETH still continues.

An asset with a market capitalization of trillions of dollars but can increase 43% in just one month, this is beyond the imagination of many people. Not only you, many people who have experienced 1 or 2 bull season before will also be surprised by this increase.

Altcoin season may be underway but it's just beginning. In just the past 2 days, when BTC.DOM dropped from 61% to 59%, and a series of old altcoins such as XRP, ADA, ATOM...all increased by 200%-300% in just a few days. Although there are still many altcoins that have not increased in price, this is considered normal because every time a bull cycle comes, the top altcoins will always get pumped first and then the money will be poured into other segments of the market. So the only thing we need to do is be patient and be patient.

I believe the strongest altcoin season will come in January 2025 and that is also the time Trump officially becomes president.

Definitely Trump is one of the reason why the market turned bullish.

Yeah many altcoins have reach new ATH, but not all of them. There are still altcoins that haven't made new ATH, that's why invest in those coins, in hoping it will reach new ATH in the next year.

Chainlink, Aptos, Litecoin still not made new ATH.

What coins or tokens have you received the notification of their new ATH lately? I know that the price of so many altcoins are showing a good uptrend movement as the price of Bitcoin continues to surge high too but no so many of those coins has break their previous all time high.

Provably they are the one lead the pump right now its because this famous people and a President is showing their support on bitcoin. This make people feel crazy to acquire then with this demand rise up that's we see bitcoin to reach at the current figures.

To many altcoin also benefiting for this current hype gotten by bitcoin that's why to many of it pump and it pays off the effort and belief of its holder since their long time waited to happen already came.

Hopefully we can see more provably next year there would be more great things will happen to bitcoin also including those good altcoin in the market.

Maybe, because the sudden rally of bitcoin in the market happened a few days before the counting of votes in the US presidential election. And the fight against Harris was even quite good.
Many whale investors seem to have been talking about increasing the price value of bitcoin in the market.

And they really did it intentionally before the declaration counting of who won the election counting of votes in the US.

Well, that is quite a disappointment as I was expecting ETH and BNB to both pump and create a new ATH. I was expecting ETH to be the first altcoin to follow in the footsteps of Bitcoin in this bull run. It does have ETFs similar to Bitcoin but I fail to understand what is stopping the price from going up. Before the ETF was approved everyone was speculating Ethereum to hit $10K or more. It seems it is still stuck up between the price range of $3K to $4K and is repeating the same cycle.

BTC had 43% increase in one month.. I've been in crypto for 3 years now and I've not seen that.. the thing is, proper alt ssason hasn't started. But some tokens are outperforming the others. SOL, BGB for example has dominated. I believe  it's the first top exchange token to hit ATH this month.. let's see how far it could go

Trump or Elon isn't responsible for the rise in price of BTC or the presumed return of the bullish season. It just because they are bigger supporters of cryptocurrency and Bitcoin and they made it public during one of the worlds most required event of which is the U.S presidential elections.
If you have been into crypto currency for a long time now, you should know that volatility is a major drive that affects the cryptocurrency market and as such, major news happenings and updates would have a way to affect the economy of the state.
Investors wait for such kind of volatilities so as to take advantage of the market and that's a fact that has made many wealthy during this Trump and Elon collaboration.

Yes, Trump still needs to be officially inaugurated as the President of the United States. When Trump is officially inaugurated, we will see new ATH for the crucial coins in the market. Again, when Trump is inaugurated formally, the price of Bitcoin is expected to exceed 100k.

Other coins whose prices could not create new ATH may start pumping after Trump is officially inaugurated to make new ATH. Let's see what happens. We will have to wait until Trump is officially inaugurated.

Regarding the influence on the altcoin market, we can even be more specific: Gary Gensler was quite skeptical of altcoins, above all of centralized ones like XRP and Solana.

Now Gensler is about to leave. And instead there are even rumours about the possibility of an US government advisory board which includes people from the XRP team. Perhaps from the most centralized of al altcoins (see here).

Centralized altcoins are very likely those most benefitted from the Trump administration. That's why Solana probably hit an ATH and XRP is making enormous gains.

I can only advise: be very, very careful in this bull run. Investor protection exists for a reason, but now it will be weakened. Above all, but not only in the US. Ride the waves but only with money you'll expect to lose. There will be even less protection than in the 2021 bull runs, I smell similarities to 2017/18 where a lot of very dubious projects came to fame and led to huge losses for many people. Perhaps the market is a bit more mature, but don't expect too much fairness from the altcoin "dev teams" in this scenario.

Oh my goodness, sincerely I have never experienced this before ever since I joined the cryptocurrency world and I been seeing madness towards the market, and it seems that crypto currency is that easy going investment where people wouldn't mind any coin they invested and would get profits instantly. Sometimes I began to question myself about the market. Though I know the market is real and for sure we are in the bull market so Bitcoin and any other cryptographic money would definitely Gain strength over the market.

He is partially responsible, yes, because the ongoing speculation about how is going allegedly going to be pro-Bitcoin and pro-cryptocurrency. Basically investors and traders are betting on him being a president which will introduce legislation which will be favorable for long time holders, like tax cuts, if so then people will have more reasons to invest in Bitcoin and other tokens for the sake of profit and lower taxes.
Also, other things which could be influencing the price of cryptocurrencies are the fact the halving of Bitcoin took place not long ago and what we are seeing is a delayed effect on the decrease of supply and an increase of the demand for satoshis.
Though, the market seems to be getting specially greedy and the FOMO is in all time high as well, so one needs to be careful before deciding on whether it is good idea to buy in a position right now, corrections are always a possibility, specially if Trump under delivers what he has promised during is campaign (practically what most politicians do, anyways).

BTC and SOL have hit new ATHs in recent days, but ETH has not. ETH still has a long way to go before reaching its previous ATH of $4,891.70 from three years ago.

As for the memecoins, of the three most popular, only PEPE reached a new ATH about ten days ago. DOGE and SHIB are still more than 50% down from their previous ATH.

Partly he is, remember, Trump becomes relevant in the Crypto world because of his promises and now there was a leak that he is in the process of appointing the next crypto czar and this will pump the prices of not only Bitcoin but also other currencies further, and to think Trump is not yet officially inagurated as the President of US.


Leak Reveals Trump Crypto Bombshell As Bitcoin Suddenly Surges Toward $100,000 Price

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂