After Trump’s victory, the cryptocurrency market managed to recover a lot of ground, also driven by the recent news according to which the Fed cut interest rate by 25 bps.
The price of Bitcoinoften highly reactive to news coming from the States, had already reached a new ATH close to $77,000 and had remained relatively stable; today it remains above $76,000.
Today BTC is the ninth largest asset in the world, with a market cap of 1.5 trillion dollars: will he be able to reach first position, displacing the giant, i.e. gold? Pre-sale of the new BUTT it could follow the market wave and explode with the listing: its pre-sale has currently exceeded $25.5 million.
Bitcoin Hits New ATH as Fed Cuts Federal Funds Rate
In line with market expectations, la Federal Reserve US cut its key federal funds rate by 25 basis points to 4.5%-4.75% on Thursday, following moves by other central banks to ease monetary policy. Meanwhile, Bitcoin rose to a new all-time high of $76,700.
This rate reduction comes later Donald Trump’s electoral victoryin line with his previous call for lower interest rates to stimulate economic growth.
Although Trump has no direct control over Fed policies, cutting rates goes hand in hand with his economic program and campaign promises.
This rate cut interrupts a years-long hiatus and represents only the second reduction in four years. Meanwhile the Bank of England it cut its rates by 25 basis points and the Swedish Riksbank by half a percentage point.
Following the FOMC decision, Bitcoin price settled at around $76,718, its new all-time high, after rising 1.43% in the last 24 hours. Investors are very attentive to what the Fed chairman, Jerome Powellwill say about the future direction of the central bank, after Donald Trump’s decisive electoral victory in the United States.
The president-elect’s planned policies, including tax cuts, tariffs and deregulation, aimed at spurring economic growth, could fuel inflation, leading the Fed to adopt a more conservative stance.
This could lead to a slowdown, halt or even reversal of recent rate cuts. The latest news has been very positive for Bitcoin, which posted notable gains in November.
Bitcoin surged in value as Donald Trump took a lead in the presidential election earlier this week, surpassing its previous all-time high set in March.
Currently, Bitcoin is up 9.48% over the week and over 22% over the past month. With a market capitalization now exceeding $1.5 trillion, Bitcoin ranks as the ninth largest financial asset globally: Will he be able to become the first?
According to some analysts, Bitcoin can climb the rankings and become the first global asset
While countless observations have been made about Bitcoin being the new gold, one bank has a slightly different take on the two assets, saying that gold is actually the new Bitcoin.
In his latest report, Daniel Ghali, Senior Commodity Strategist presso TD SecuritiesIn fact, he noted that gold has behaved more like Bitcoin, as its unprecedented surge this summer to all-time highs was never based on fundamental factors.
“A comprehensive flow-based approach does not support the latest leg of this rally,” Ghali wrote in his report. “There is no shortage of compelling macro narratives chasing the gold meltdown in recent months. Unfortunately, these narratives have not been effectively supported by the flows.”
Ghali speculated that gold’s recent run to $2,800 an ounce was mainly because investors were hoarding gold, then prices recovered because supply was limited.
However, he added that this phase of momentum has now passed, so it is not surprising that gold is experiencing significant selling pressure, as investors are taking profits.
“The increase in USD/US rates does not bode well for Western flows. Fund flows are weak,” he said. Although gold is facing significant headwinds, Ghali noted that its uptrend still has a long way to go before it can be said to be in danger.
If gold therefore behaves like BTC, what is now the ninth asset could, driven by recent events, aim to rise in the rankings, becoming the first in all respects.
PEPU surpasses $25 million in presale, boosted by crypto market recovery
PEPU is the new native meme coin of Pepe Unchained, one of the best projects of the year, which exceeded $25 million in pre-sale not only due to the recovery of the crypto sector, but also for the Pepe Chainor one blockchain layer-2 that the project intends to implement, and that it wants to solve problems such as congestion on the Ethereum network.
The Pepe Chain will also make transactions faster and allow the payment of lower taxes, as well as focusing mainly on meme coins, unique in its kind.
Much importance is given to marketing maneuvers, which aim to make the project viral: a recent innovation was the Pepe Frens With Benefitsa program that helps developers create apps on the project’s Layer 2 blockchain and in which it is possible to participate right now by requesting funding.
The latest arrival is also the “Pepe’s Pump Pad“, or a meme coin Launchpad, based on the Pepe Chain, which allows everyone, regardless of coding knowledge or not, to launch their own meme coins.
Given the characteristics of the project and also the possibility that PEPU will make 100x with the listing, it is advisable to evaluate whether to buy Pepe Unchained, before the next price increase: to do so, simply connect your crypto wallet to the official page and use ETH, USDT, BNB or a bank credit/debit card.
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