U.S. Republican presidential candidate Trump announced early on the morning of the 6th that he had won the 2024 presidential election, marking his return to the White House. This news has not only had a significant impact on the global cryptocurrency market but also signals a historic shift in the U.S. government's attitude towards digital assets. In Trump's earlier speeches in 2024, he mentioned a series of plans, including firing current SEC Chairman Gary Gensler and reappointing a leader more supportive of cryptocurrencies; urging the U.S. government to hold strategic Bitcoin reserves; promising not to introduce central bank digital currency (CBDC) during his term; and vowing to make the U.S. a global cryptocurrency hub. Additionally, Trump's victory in today's U.S. election caused the price of Bitcoin to soar, setting a new historical high of $75,400.
Trump's series of policy statements has brought unprecedented optimism to the cryptocurrency industry. First, the decision to fire Gary Gensler is widely seen as favorable, as Gensler took a tough stance on cryptocurrencies during his tenure and strengthened market regulation. His departure means that the SEC may adopt more lenient policies, providing greater development space for the market. Second, Trump's policy proposal to have the U.S. government hold 'strategic Bitcoin reserves' is highly symbolic. If the U.S. government begins to hold Bitcoin as a national reserve, it will fundamentally change the global attitude towards Bitcoin and lay a solid foundation for its legalization. It would make Bitcoin no longer just a speculative tool, but an asset with sovereign backing.
In addition, Trump clearly stated that he would not introduce central bank digital currency (CBDC) during his term, a statement that has been widely recognized by cryptocurrency supporters. CBDC is seen as a centrally controlled digital currency, which contradicts the decentralized idea of Bitcoin. Trump's stance indicates that he respects individual financial privacy and supports decentralized financial innovation. This is exciting news for Bitcoin holders who wish to maintain anonymity and independence.
Trump also claimed, 'Bitcoin may one day surpass gold in market value.' This undoubtedly encourages investors who have long believed in the concept of 'digital gold.' Gold has always been viewed as a hedge against inflation, while Bitcoin, with its limited supply and decentralized characteristics, is considered the best alternative to 'digital gold.' Trump's statement will undoubtedly provide Bitcoin with greater legitimacy and social acceptance, especially for traditional investors who have yet to enter the cryptocurrency market.
Trump's declaration also includes a commitment to reduce the prison sentence of Bitcoin community member Ross Ulbricht. Ross Ulbricht is the founder of the dark web platform 'Silk Road,' who was sentenced to life in prison for illegal trading activities. However, he has a large number of supporters in the cryptocurrency community, as he is seen as a symbol of decentralized freedom ideals. Trump's move also indicates his friendly attitude towards the cryptocurrency community, further winning market support.
Trump has also promised to work towards making the United States the global capital of cryptocurrency and a superpower in Bitcoin. This vision is not just an affirmation of Bitcoin, but also sends a signal to the world: the United States will defend the freedom of financial innovation by supporting Bitcoin and cryptocurrencies. The core of this policy is to keep the United States at the forefront of technology and financial innovation, so as to gain an advantage in the global competition of digital currencies.
Trump's speech is inspiring. Bitcoin, as a representation of freedom, sovereignty, and an independent asset free from government coercion, will further develop due to Trump's support. In the coming years, we may see more countries following the United States' lead by holding Bitcoin as a strategic reserve and even introducing more friendly regulatory policies. Under Trump's support, the vast prospects of Bitcoin may gradually become apparent.
The U.S. spot Bitcoin ETF saw a net outflow of 1,722 coins yesterday, valued at $117 million.
BTC: Bitcoin formed a small bullish candle yesterday, with prices strongly above the 5-day moving average, indicating that buying power is accumulating. The U.S. election has triggered significant market fluctuations, and Trump's victory further pushed up Bitcoin's price, suggesting that the bullish momentum driven by this event is indicative of strong market confidence in Bitcoin. The RSI and CCI indicators show that the market is still in a relatively strong zone, maintaining an upward trend.
In summary, in the short term, due to the market psychological factor of 'the favorable news from Trump's victory turns into unfavorable news,' there may be a slight pullback. After the adjustment, Bitcoin still has room to rise, and is expected to challenge the high point of over $75,000 next.
ETH: Ethereum formed a spinning top yesterday, and today it has a bullish candle crossing multiple moving averages. In the short term, it is undergoing a slight pullback in conjunction with Bitcoin, and after the adjustment, it is expected to regain its upward momentum.
Altcoins: With Bitcoin's significant rise, many altcoins have also shown a following trend. However, currently, the rise of altcoins remains passive, mainly relying on Bitcoin's movement, and has not formed an independent upward trend. The so-called 'altcoin season' has not yet arrived; to see a comprehensive surge of various altcoins, we need to wait for Bitcoin's market value to reach a certain inflection point. When Bitcoin continues to strengthen and market funds flow from Bitcoin to altcoins, they may finally enter a true frenzy mode, resulting in a situation of 'a hundred coins blooming together'.
Today's Fear and Greed Index: 70 (Greed)#BTC创历史新高
