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Donald Trump Says He Wants All Remaining Bitcoin to Be 'Made in USA'
Early Tuesday, Trump, the first U.S. presidential candidate to accept crypto donations, met with executives of Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms.
Republican presidential candidate Donald Trump said on Tuesday that he wants all the remaining bitcoin to be made in the U.S., reiterating that it will help the country become energy-dominant.
"Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the
Republican presidential candidate Donald Trump said on Tuesday that he wants all the remaining bitcoin to be made in the U.S., reiterating that it will help the country become energy-dominant.
"Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
The U.S. Consumer Price Index (CPI) was flat in May, beating economist forecasts for a 0.1% rise and down from 0.3% in April.
On a year-over-year basis, CPI was up 3.3%, compared to analyst forecasts and the previous month's reading at 3.4%.
Bitcoin ($BTC )welcomed the soft inflation read, jumping to $69,400, up nearly 4% over the past 24 hours.
After inflation readings rapidly fell in 2022 and 2023 as the Federal Reserve jacked up interest rates, the trend stalled in the previous months a
On a year-over-year basis, CPI was up 3.3%, compared to analyst forecasts and the previous month's reading at 3.4%.
Bitcoin ($BTC )welcomed the soft inflation read, jumping to $69,400, up nearly 4% over the past 24 hours.
After inflation readings rapidly fell in 2022 and 2023 as the Federal Reserve jacked up interest rates, the trend stalled in the previous months a
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WillBTCBreak100KSoon
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$BTC Bitcoin is currently facing two significant resistance zones that could impact its upward momentum. The first major selling zone is around the $90,000 mark, which presents substantial selling pressure. However, an even stronger resistance level awaits at approximately $103,000, which I believe will be the heaviest hurdle for Bitcoin’s price to overcome.
As we approach these critical levels, it’s essential to remain cautious. It’s always wise to secure profits incrementally rather than holding out for an ideal peak. Overconfidence and greed can be detrimental, as we saw in 2021 when many held onto their assets too long, hoping for even higher returns, only to face sudden drops when the market turned. The key is to approach this rally strategically, taking profits along the way to protect gains and avoid potential losses if the market shifts unexpectedly.
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