Within the lead-up to President-elect Donald Trump’s inauguration on January 20, Bitcoin investors could also be in for good news, with a recent record highly anticipated.
Based on blockchain analytics platform Amberdata, there was a recent surge in whale activity. One trader recently spent around $6M to secure $100K in strike call options set to run out on March 28.
Thursday, December 5, would little question have been a proud day for the enigma that’s Satoshi Nakamoto when Bitcoin breached that elusive $100K mark for the primary time. Perhaps unsurprisingly, Trump claimed the credit for the Bitcoin milestone.
Bitcoin’s rally made it to $108K before running out of steam, ending the yr at $91.4K.
But as Trump’s inauguration looms closer, Bitcoin is once more gaining ground, with some analysts anticipating a recent record high following the January 20 inauguration. Bitcoin could surpass $100K, as its price currently stands at around $98.9K.
Last yr saw Bitcoin greater than double in value, and within the 4 weeks following Trump’s election, it was up greater than 50%. And the day prior to Bitcoin hitting $100K, Trump nominated the crypto-friendly Paul Atkins to run the US Securities and Exchange Commission.
Love or hate him, Trump – together with his decidedly pro-crypto stance and plan to ascertain a strategic reserve for digital assets – is bolstering Bitcoin’s price.
And while not everyone could also be looking forward to Trump’s big re-entry to the Whitehouse, it’s definitely excellent news for the crypto market.
MicroStrategy founder Michael Saylor appears to think so, too. On December 29, the corporate bought 2,138 $BTC ($209M) – the eighth consecutive week that MicroStrategy had increased its Bitcoin holdings.
Yesterday, MicroStrategy posted one other Bitcoin chart on its website, sparking rumors that one other large purchase is on the horizon.
Bitcoin Boost Set To Share The Love with Other Tokens
That surge in whale activity mirrors the broader market sentiment.
No wonder, then, that the highest presale coins are seeing massive investor interest. Take Wall Street Pepe ($WEPE), as an illustration. After launching on December 3, $WEPE has already raised an eye-watering $42M.
There’s lots to admire about Wall Street Pepe, although Saylor and Co won’t agree. In any case, this latest iteration of Pepe meme coins detests whales hiding in insider trader groups.
So he’s gathering a frog army of normal investors and arming them together with his impressive trading knowledge and insider suggestions.
It’s a Wolf of Wall Street meets Robin Hood scenario, where Wall Street Pepe helps those retail investors turn out to be whales in their very own rights. And that frog army is growing in leaps and bounds.
Anyone enthusiastic about joining Wall Street Pepe’s army can ‘enlist’ by heading to the official Wall Street Pepe website.
In the meanwhile, 1 $WEPE costs $0.000366, although that price is about to extend.
You possibly can buy $WEPE with $ETH, $BNB, $USDT, or a bank card. Either way, you’ll need a crypto wallet, similar to MetaMask or Best Wallet.
Speaking of, the Best Wallet token ($BEST) can be on presale. With $6.5M already raised and a current price of $0.0235, this utility token also looks set to reap the rewards of a bear market courtesy of the Trumpster’s upcoming inauguration.
It’s an exciting time for cryptocurrency, and the perfect is probably yet to return.
But before making any investments – whether it’s $BTC, $WEPE, or $BEST, remember to at all times DYOR. In any case, this text doesn’t constitute financial advice.