BTC falls below $56,000, Trump may return to the White House to raise the price of the currency!
The latest market shows that Bitcoin has fallen below $56,000, and the current price is $55,927.61, with a daily decline of 3.9%. The market fluctuates quite violently, so everyone must pay attention to risk control.
Financial Times broke the news: Trump may return to the White House, and Bitcoin may rise sharply
The Financial Times of the United Kingdom reported that former President Trump may return to the White House. This matter has caused a stir in the cryptocurrency circle, and many analysts believe that this will make the price of Bitcoin rise sharply. Why? Because Trump is regarded as a "hard fan" of cryptocurrency, and his policies and positions are quite supportive of this thing. Now, the "Trump effect" is becoming more and more popular among cryptocurrency traders.
However, Bitcoin has not had a good time recently. Miners' selling, increased regulation in the United States and Germany, and the expectation of repayment in the Mt.Gox bankruptcy case have all put pressure on it. The price even fell below the $54,000 mark for the first time in several months.
But analysts are still optimistic. They believe that if Trump can be successfully elected, Bitcoin may usher in a wave of surges. It may reach a new high in August. By election day, it is not a dream for the price to reach $100,000.
Latest market news
At the time of writing, according to Coingecko data:
The latest transaction price of Bitcoin is $55,854.15, down 4.2% on the day;
Ethereum is not to be outdone, with the latest transaction price of $2,926.56, down 4.5%;
BNB is even worse, with the latest transaction price of $489.68, down 7.1%;
SOL is not spared, with the latest transaction price of $131.80, down 8.0%;
DOGE is not much better, with the latest transaction price of $0.1041, down 8.3%;
There is also XPR, with the latest transaction price of $0.4192, also down 6.6%.
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