JAKARTA - Over the past 24 hours, the price of Bitcoin (BTC) has shot up close to US$65,000 (Rp1.05 billion) with an increase of 6.35 percent or nearly 20 percent in the past week.
Crypto's Financial Expert, Panji Yudha said that the rise in the crypto market this time was driven by political events, sloping inflation, Jerome Powell's dovish speech and the accumulation of investment managers.
According to him, the attack on Donald Trump, which occurred during a rally in Pennsylvania on Sunday, July 14, had a direct impact on the crypto market. As soon as the news broke, Bitcoin & altcoins jumped.
Trump's effect, as a pro-Bitcoin candidate, has played an important role in this dynamics. Followed by increased liquidity with Investors who are confident in Trump's health, increasing their confidence in digital assets, thereby contributing to this dramatic increase, "explained Panji.
Trump is seen as a more crypto-friendly candidate than President Joe Biden. So the pro-crypto candidate probability to win elections is 70 percent at the Polymarket.
SEE ALSO:
-
| BERITA
Penyelidik Analisis Ponsel Penembak Trump, Motif Pelaku Belum Terungkap
15 Juli 2024, 23:29
Former US President Donald Trump was also announced as one of the speakers at the Bitcoin 2024 conference which will take place in Nashville, Tennessee, from July 25 to 27.
"Currently, if BTC stays above US$64,000 (Rp1.03 billion) support, then it can continue to rise to the next resistance at US$69,000 (Rp1.1 billion). However, if it drops below, US$64,000 (Rp1.03 billion), BTC could weaken to US$62,000 (Rp1 billion)," explained Panji.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
Most Popular Tags
#ridwan kamil #Pope Francis #pramono anung #Rano Carno #election 2024Popular
