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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Donald Trump Appoints Bo Hines to Lead the Dominance Campaign of the U.S. Electronic Currency
President-elect Donald Trump is carrying out a mission to appoint a strong cryptocurrency team to rebuild the cryptocurrency history of the United States. With this goal in mind, Trump has announced Bo Hines, a former college football player and Republican candidate for 2022, as the CEO of the President's Advisory Council on Digital Assets, called the "Digital Asset Council". Trump announced on his social media account that Hines will work alongside David Sacks, Trump's cryptocurrency expert, to promote innovation and growth in the digital asset field. The market is paying attention to every political move because next month will be the month of politics and policies will determine the fate of cryptocurrencies. To support his cryptocurrency love, Trump is making every effort to turn the US into the “world cryptocurrency capital”. The industry is welcoming his big appointment plan to add Elon Musk and former SEC Commissioner Paul Atkins to key positions, implying friendlier regulations to help the cryptocurrency industry develop alongside technological advances.
AI and Scientific Leadership play a central role Trump also focused on other areas, Sriram Krishnan, a former partner at Andreessen Horowitz, has been appointed as a senior AI policy advisor. In addition, Trump has appointed Stephen Miran, a cryptocurrency advocate, as the chairman of the Economic Advisory Council, seen as a positive change on the political front. Is Bitcoin's psychology signaling a recovery? Bitcoin has witnessed a major bloodbath after the hawkish comments from the Fed. Since then, the price has dropped 10% from the peak of $108,300 and is currently trading near $95,000. Furthermore, social sentiment has dropped to its lowest level in 2024, with negative rumors and short sellers controlling the cryptocurrency space. However, Santiment sees this fear as an opportunity for Bitcoin to break out. Traditionally, when sentiment is low, it often signals a price breakout and many expect Bitcoin to regain momentum and surpass $100,000 after Trump officially joins in January.
This market could recover if regulations are not further delayed as many cryptocurrency assets still worry about the next legal disputes with the SEC. If Trump can provide a unified cryptocurrency policy, it will boost the global cryptocurrency market with the expectation that Bitcoin will reach $120,000 by 2025 as predicted by Mark Yusko, Founder, CEO, and CIO of Morgan Creek Capital.