Bitcoin continues its recent upward trend, surging to 99,000 dollars per coin, reaching a new high and is expected to challenge the milestone price of 100,000 dollars.
Since Trump won the election on November 5, the entire cryptocurrency market has risen by about 1 trillion dollars.
Recent movements on the U.S. side include Securities and Exchange Commission Chairman Gary Gensler planning to step down on January 20, the same day Trump will be sworn in. During Gensler's tenure, the SEC took a series of enforcement actions regarding cryptocurrencies, and the industry expects these actions to gradually decrease after Trump takes office. Trump's transition team has already begun discussing whether to establish a new White House position specifically responsible for digital asset policy.
Looking back at the week before Trump took office, the American media's reports on "Harris's election" look more like a financial conspiracy, entirely for the purpose of harvesting. For example, suddenly promoting Harris's victory aimed to harvest some people's assets from gold, cryptocurrency, and the stock market.
No one would have thought that in just less than a month, no, in half a month, Bitcoin would rise from below 70,000 to nearly 100,000 dollars.
Bitcoin has been telling everyone for so many years with one sentence: as long as you dare to sell, any position is wrong. Coins should always be bought at low points and sold at high points, and it should be done in batches. Never pursue the highest point, otherwise, it is easy to be deceived.
But if you don't sell, you really dare to take profits. Regarding selling at a loss, opinions may vary. In any case, I believe that as long as it's selling at a profit, it’s always better than taking a loss, and that is the right thing to do.
With Trump taking office, as a businessman, he will definitely focus on making money, so Bitcoin has been continuously rising. Today, I saw FTT rising quite a bit, only to realize that I missed the news about Trump's meeting with the big-haired guy on 11.19, to see if Trump would let him out as a top talent to continue making money for America.
The future earning effect in the crypto space will focus on Musk and Trump, along with SOL that they support. It’s better to buy SOL and the ecosystem JTO, JUP than to play meme PVP every day. A few days ago, I mentioned in the group that SOL's new high would definitely lead the ecosystem to take off, and when the market comes, everything rises very high.
And the rise of Ethereum is indispensable, along with ENA, ETHFI, LDO, SSV, and others.
The reason has been mentioned before: the U.S. is cutting interest rates, and there will be continuous rate cuts in the future. Funds will definitely flow to places with higher interest rates. The staking interest for Ethereum and similar is around 10%, while in the U.S. it has dropped from 5% to 4.75%, 4.5%, and so on, continuously lower. Money will definitely flow first to large VC coins, and then to smaller ones, because the premise of earning is safety. In the crypto space, making money means grasping these larger premises and preparing in advance, then you just need to wait to make money later.
Finally, to answer a question from a fan, someone asked, maybe this big bull market is about to come. Is there a possibility of this?
Absolutely.
At the same time, we need to ask, does the current off-market capital support Bitcoin, Ethereum, and all altcoins to simultaneously explode and enter a big bull market?
At least I think it is insufficient, so now we can expect a small bull market, with rises at ten and eight points, but it will definitely involve risks.
So buy small, sell when necessary, ensuring more exit than entry, with small contracts. In short, this market is contradictory and far from being as safe as when Bitcoin was at low positions.
