Trump's Announcement Sparks Crypto Market Surge: What's Next?

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it5_lynxMember
Posts: 52 · Reputation: 190
#1Jan 24, 2021, 10:36 PM
Did you guys see XRP jump from $2.2 to almost $2.8? Even Bitcoin shot up to $89k! Crazy stuff... Is it really just the news from Trump or something else driving this? It’s been a while since we saw moves like this.
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dave2011Newbie
Posts: 10 · Reputation: 37
#2Jan 25, 2021, 03:55 AM
Yeah, I noticed Bitcoin wasn’t even mentioned initially. Kinda weird, right?
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MadNovaHero Member
Posts: 122 · Reputation: 3536
#3Jan 25, 2021, 04:39 AM
I think it’s all about the news. Bitcoin and Ethereum are now part of some strategic reserve plan. This is gonna attract a lot of investors from other countries. Trump has played the market before, lowering prices when he wanted to buy in.
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Posts: 73 · Reputation: 80
#4Jan 25, 2021, 10:12 AM
Lol, he definitely knows how to play the game. Mentioning XRP first seems strategic since they probably supported him financially.
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0xNovaFull Member
Posts: 45 · Reputation: 597
#5Jan 25, 2021, 10:50 AM
The market is responding how it should. It’s been stagnant for too long. Trump’s influence is real, and these coins have solid resistance now. We’re gonna see more bullish trends soon.
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chris.sigmaFull Member
Posts: 20 · Reputation: 632
#6Jan 25, 2021, 02:45 PM
Haha, he waits until the hype is built up. Genius move! If he wanted to include Bitcoin, he could have just said it earlier, but he knows how to get everyone excited.
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shrimpNewbie
Posts: 110 · Reputation: 20
#7Jan 25, 2021, 08:22 PM
Exactly, he builds the suspense! The FOMO from this is wild, but honestly, why didn’t Bitcoin hit $100k? Seems like there are always people with inside info making moves before announcements.
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0xAlphaNewbie
Posts: 35 · Reputation: 16
#8Jan 25, 2021, 08:48 PM
Fingers crossed we hit that $100k today! Trump’s announcement could really push Bitcoin back to its peak. With the crypto conference coming, I bet that will be a hot topic.
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mr_bearNewbie
Posts: 72 · Reputation: 11
#9Jan 25, 2021, 09:19 PM
Hope you're right, but if there’s no follow-up, I think we'll slide back down again. The sentiment is shaky.
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the_farmMember
Posts: 47 · Reputation: 44
#10Jan 26, 2021, 02:36 AM
I’m just a small Bitcoin holder. Don’t care about the politics. Just want to see Bitcoin rise so I can cash out. Trump’s recent news has definitely stirred things up.
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#11Jan 26, 2021, 06:06 AM
Sounds like this surge is legit, but it came from the news. I thought we’d settle around $80k for a while, so yeah, missed some buys. Funny how his tweet was more of a tease for BTC.
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it5_lynxMember
Posts: 52 · Reputation: 190
#12Jan 26, 2021, 10:04 AM
Right? He didn't even mention Bitcoin until later. That’s not cool... He was all about other coins first.
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pixel404Newbie
Posts: 45 · Reputation: 13
#13Jan 26, 2021, 02:38 PM
Yeah, but the price didn't hold. It dipped back below $90k way too quickly. This hype feels kinda temporary.
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dan_satNewbie
Posts: 14 · Reputation: 35
#14Jan 26, 2021, 07:29 PM
Back down to $85k already, huh? Seems like the FOMO didn’t last long. Feels like some manipulation at play here.
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d4n_4tlasFull Member
Posts: 4 · Reputation: 260
#15Jan 26, 2021, 10:08 PM
Definitely, after that spike, it’s like someone pulled the rug. The momentum isn’t what it used to be. We need some solid proof of institutional investment.
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0xFarmFull Member
Posts: 47 · Reputation: 779
#16Jan 27, 2021, 12:10 AM
For sure, and he finally said Bitcoin will be part of the reserve. It’s not a surprise he’s been planning this all along.
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b34r2013Senior Member
Posts: 30 · Reputation: 1819
#17Jan 27, 2021, 01:16 AM
Honestly, it feels like insider trading to me. The way the pumps aligned with his announcement? Someone knew something.
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pixel404Newbie
Posts: 45 · Reputation: 13
#18Jan 27, 2021, 04:57 AM
Could be true. But also, the hype doesn’t guarantee a continued rise... everything can change rapidly.
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bridge_2014Senior Member
Posts: 54 · Reputation: 870
#19Jan 27, 2021, 08:52 AM
Yeah, watching the price drop while typing this. Feels like we’re in a rollercoaster. Waiting for another opportunity to buy.
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mr_satoshiFull Member
Posts: 17 · Reputation: 589
#20Jan 27, 2021, 02:00 PM
Lol, if he hadn’t mentioned Bitcoin, it’d just raise more questions. This volatility is exhausting!
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