Donald Trump’s Bitcoin 
$67,355 The change in attitude towards this issue is noteworthy. Trump, who has in the past called Bitcoin a “fraud” due to its volatility and posing a threat to the US dollar, has taken a surprising step in his 2024 presidential campaign and started taking a crypto-friendly stance. Trump, who described Bitcoin as an “extraordinary technology” in his recent statements, also announced that he started Bitcoin transactions.
Crypto Trend and Market Reaction
This change did not remain just in words. Trump took his first foray into digital assets by releasing an NFT collection in 2022. Additionally, according to publicly disclosed information, Trump has significant holdings in Bitcoin. Market experts state that this support may herald an upward movement in Bitcoin prices. It is even said that Bitcoin may reach record levels if Trump is re-elected.
Failed Crypto Project: World Liberty Financial Token
Trump has also attempted to launch his own cryptocurrency. However, the World Liberty Financial (WLFI) token project was not successful. The token was only available to accredited US investors and could not be bought or sold. These restrictions deterred potential buyers. Moreover, the project’s website experienced technical glitches and sales fell below expectations.
The Boom in Crypto ETFs
Meanwhile, interest in cryptocurrency ETFs has reached record levels. Bitcoin, Solana and Ethereum 
$2,621 Important assets such as have increased by 11% in just one week. More than $600 million was invested in crypto ETFs during this period, and the total value of assets under management exceeded $60 billion. BlackRock’s Bitcoin ETF experienced a notable increase, seeing strong demand.
Additionally, Australian firm Monochrome introduced a new ETF that provides cash-settled and physically backed Ethereum transactions. These developments show that crypto assets are becoming more integrated with traditional financial products. Investors can now invest in cryptocurrencies through platforms they are more familiar with.
Current Status of Bitcoin
Bitcoin is currently trading above $67,000. Technical analysts say a potential rally is around the corner. Market bulls are building momentum and some indicators point to an upside move being imminent. It is predicted that Bitcoin could test $70,000 if the $62,500 support level is broken and the $68,000 resistance level is exceeded.
14-day RSI data also indicates that Bitcoin may move upwards. Factors such as increased corporate purchases and the resurgence of Bitcoin as a hedge against inflation may support the increase in prices. If Bitcoin surpasses the $68,000 level, there could be a stronger uptrend.
This activity in the cryptocurrency market shows that digital assets are now attracting the attention of not only investors but also politicians and large institutions. Continued interest could lead to broader acceptance of cryptocurrencies in the financial world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
