#今日市场观点 #数字货币大涨 ! Trump concept coins lead meme coins,
#比特币突破7万美元 #NFTand Cryptocurrency# On Monday (May 27), the U.S. market was closed for the Memorial Day holiday, which put digital assets in the spotlight, and they did not disappoint. Bitcoin (BTC) rose strongly to over $70,000 as optimism about cryptocurrencies rose after a new round of political support.
Data provided by TradingView showed that after opening just below $68,500 overnight, BTC quickly rose to $69,246 shortly before 10:30 p.m. EST, and then the bullish momentum weakened. Bitcoin then moved lower, rebounding from support near $68,350 several times before hitting an intraday low of $68,222.56 at 7:40 a.m. EST.
Since then, bulls have once again taken the lead, kicking off a rally that has pushed the top cryptocurrency to a series of intraday highs in rapid succession and eventually surpassed $70,000 per coin shortly after 11:30 a.m. ET.
Bitcoin saw a sharp pullback just before 4 p.m. ET, testing support around $69,150 twice before rebounding slightly. As of this writing, Bitcoin is last trading at $69,709.09.
Bitcoin Gains Republican Support
A large part of Bitcoin’s bullish momentum came from Republican presidential candidate Donald Trump’s announcement in a speech on Friday that if elected, he would guarantee self-custody for cryptocurrencies and would like to see tens of millions of American holders.
This was Trump’s strongest pro-cryptocurrency statement to date, and it got the entire crypto Twitter agitated.
Anthony Pompliano of Pomp Investments said on Twitter: “This is unreal. The presidential candidate made it clear that he would make the United States a leader in Bitcoin and cryptocurrencies while supporting self-custody.”
“All the critics are wrong,” Pomp added. “Governments won’t ban it, they’ll embrace it.”
Crypto journalist and Bitgrow Lab founder Vivek cited recent CryptoQuant data, noting that Bitcoin whales have been accumulating coins at a near-unprecedented pace.
Memecoins surge on Memorial Day
Most of the top 100 altcoins gained value on Monday as Bitcoin’s strength and Ethereum ETF approval breathed new life into the wider digital asset ecosystem.
The overall cryptocurrency market cap is currently $2.59 trillion, with Bitcoin accounting for 52.69%.