In the run-up to President-elect Donald Trump's inauguration on January 20, bitcoin investors may be in for some great news, with a highly anticipated new record high.
According to blockchain analytics platform Amberdata, there has been a <a target="_blank" href="https://x.com/Amberdataio/status/1875330854551220586″ target=”_blank” rel=”noopener nofollow”>recent increase in whale activity. A trader recently spent about $6 million to secure $100,000 in strike call options that will expire on March 28.
Thursday, December 5, would undoubtedly have been a proud day for the enigma that is Satoshi Nakamoto as bitcoin surpassed that elusive $100,000 mark for the first time. Perhaps, unsurprisingly, Trump claimed credit for the bitcoin milestone.
bitcoin rally hit $108,000 before running out of moneyteam, ending the year at $91.4K.
But as Trump's inauguration approaches, bitcoin is once again gaining ground, with some analysts anticipating a new high after the January 20 inauguration. bitcoin could surpass $100,000, as its price is currently around $98,900.
Last year, bitcoin's value more than doubled, and in the four weeks after Trump's election, it rose more than 50%. And the day before bitcoin hit $100,000, Trump nominated the crypto-friendly Paul Atkins to head the United States Securities and Exchange Commission.
Love him or hate him, Trump – with his determined pro-crypto position and plans to establish a strategic reserve for digital assets, is driving the price of bitcoin.
And although not everyone is waiting for Trump's great re-entry into the White House, it is undoubtedly good news for the cryptocurrency market.
MicroStrategy founder Michael Saylor seems to think so too. On December 29, the company purchased 2,138 $btc ($209 million), the eighth consecutive week that MicroStrategy increased its bitcoin holdings.
Yesterday, MicroStrategy published another bitcoin chart on its website, sparking rumors that another big purchase is on the horizon.
bitcoin Boost is ready to share the love with other tokens
That increase in whale activity reflects broader market sentiment.
It is no surprise, then, that the major pre-sale coins are generating great interest from investors. Take Wall Street Pepe ($WEPE) as an example. After launching on December 3, $WEPE has already raised a staggering $42 million.
There's a lot to admire about Wall Street Pepe, though Saylor and company may disagree. After all, this latest version of Pepe meme coins hates whales hiding in groups of insider traders.
So he's gathering an army of regular investors and arming them with his impressive trading knowledge and expert advice.
It's a Wolf of Wall Street meets Robin Hood scenario, where Wall Street Pepe is helping those retail investors become whales in their own right. And that army of frogs is growing by leaps and bounds.
Anyone interested in joining Wall Street Pepe's army can 'enlist' by contacting the official Wall Street Pepe's website.
At the moment, 1 $WEPE costs $0.000366, although that price will increase.
You can buy $WEPE with $eth, $BNB, $USDT or a bank card. Either way, you'll need a crypto wallet, like MetaMask or Best wallet.
Speaking of, the Best wallet token ($BEST) is also on pre-sale. With $6.5 million already raised and a current price of $0.0235, this utility token also looks set to reap the rewards of a bear market, courtesy of the Trumpster's upcoming inauguration.
It's an exciting time for cryptocurrencies and perhaps the best is yet to come.
But before making any investment, be it $btc, $WEPE or $BEST, always remember to DYOR. After all, this article does not constitute financial advice.
