Trump urgently announces Musk's appointment to the cabinet! The "Bitcoin Strategic Reserve" bill appears in Congress. China's mysteriously missing giant whale wakes up and sells bitcoins
Bitcoin hit record highs this week, reaching a peak of $93,265, and then the price of the currency showed a healthy correction, continuing to build support in the process. The "Trump Trade" is still the key. Although the "hawkish" signal from Federal Reserve Chairman Powell that he was not in a hurry to cut interest rates was suppressed over the weekend, Trump's major announcement this week that Musk will lead the newly established Department of Government Efficiency (D.O.G.E.) and the Bitcoin Strategic Reserve Act appeared in the U.S. Congress boosted the Bitcoin and meme coin markets. As the price of the currency soared, many whales woke up to dump their goods, and the legendary figure Su Xing, who "mysteriously disappeared" in China, cleared his positions.
