Tag Archives: Trade cryptocurrency

TRPUST: Trump Meme Coin Now on Evest

TRPUST: Trump Meme Coin Now on Evest: The cryptocurrency world is buzzing with the addition of the Trump Meme Coin,
which is now officially available for trading on the Evest platform under the ticker TRPUST.
This launch marks a bold step into the growing trend of meme-inspired cryptocurrencies,
combining humor, cultural relevance, and investment potential.

 

Content

What is the Trump Meme Coin
Why Trade TRPUST on Evest
What Makes TRPUST a Compelling Investment
How to Trade TRPUST on Evest
Conclusion

 

 

 

 

What is the Trump Meme Coin (TRPUST)?

The Trump Meme Coin is a digital asset inspired by the larger-than-life persona of former U.S. President Donald Trump.
Part of the growing “meme coin” phenomenon,
TRPUST capitalizes on the blend of satire and financial innovation,
creating a cryptocurrency that appeals to traders, meme enthusiasts, and speculators alike.

Despite its playful nature, meme coins like TRPUST have shown their potential
to achieve significant market traction due to widespread interest and viral appeal.

 

Why Trade TRPUST on Evest?

The launch of TRPUST on Evest provides investors with a reliable and user-friendly platform to trade this unique cryptocurrency.
Here’s why Evest is the perfect choice for trading TRPUST:

User-Friendly Interface: Whether you’re a beginner or an experienced trader,
Evest offers an intuitive trading experience.

Security and Reliability: Evest ensures a secure trading environment, giving you peace of mind as you invest.

 

What Makes TRPUST a Compelling Investment?

Cultural Relevance: With a name tied to a globally recognized figure,
TRPUST attracts significant attention, increasing its trading potential.

Volatility and Opportunity: Meme coins are known for their dramatic price movements,
offering opportunities for high returns (though with associated risks).

Community Engagement: The meme coin market thrives on social media and community support,
adding momentum to coins like TRPUST.

 

 

 

 

 

 

How to Trade TRPUST on Evest

Sign Up: Create an account on the Evest platform quickly and easily.

Deposit Funds: Add money to your account using various secure payment options.

Search for TRPUST: Use the platform’s search feature to find the Trump Meme Coin.

Start Trading: Execute trades with a few clicks and watch your portfolio grow.

 

Conclusion

Adding Trump Meme Coin (TRPUST) to the Evest platform opens up a unique opportunity
for investors to explore the growing world of meme cryptocurrencies.
Whether you’re looking for a new addition to your portfolio
or a chance to ride the wave of viral digital assets,
TRPUST is worth considering.

Join Evest today and take advantage of this exciting new opportunity
to trade TRPUST with a secure platform and unparalleled ease.
Start your crypto journey with Evest!

 

TRPUST: Trump Meme Coin Now on Evest

Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech

Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech: The price of Bitcoin reached its highest level since mid-June
after Donald Trump expressed growing support for cryptocurrencies.
This and expectations that the U.S. Federal Reserve would cut interest rates boosted investor sentiment.

 

Content

Details

 

 

 

 

Details

The largest digital asset rose 2.6% on Monday to $69,462.
Smaller cryptocurrencies like Ethereum, Solana, and the meme-favorite Dogecoin also saw gains.

Republican presidential candidate Trump pledged at a weekend conference to make
the United States “the crypto capital of the planet and a Bitcoin superpower”
if he returns to the White House after the November elections.

Trump also stated that he would order the U.S. government to refrain from selling cryptocurrencies
seized in criminal cases and instead use them as the basis for what he called a “strategic Bitcoin reserve.”

Economist Chris Weston wrote in a note that the former president’s speech
at the Bitcoin conference in Nashville bolstered the original cryptocurrency and made it “a major election issue.”

At the same time, this week’s Federal Reserve meeting
is expected to lay the groundwork for starting an interest rate cut cycle,
a prospect that lifted market sentiment.

Bitcoin’s price is about $4,400 below its record high of nearly $74,000 in March.
Inflows into U.S. exchange-traded funds have boosted the token this year.

 

Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech.

Bitcoin Price Drops Due to News of the Collapsed Mt. Gox Exchange

Bitcoin Price Drops Due to News of the Collapsed Mt. Gox Exchange: The largest cryptocurrency, Bitcoin,
has faced significant pressure due to concerns about potential sales by creditors of the collapsed Mt. Gox exchange.
In this article, we will review the impact of this news on Bitcoin and other cryptocurrencies and additional factors that have influenced market sentiment.

 Content

Bitcoin Price Drops

Impact of the News on Markets

History of the Mt. Gox Exchange

Concerns in the Digital Assets Market

Bitcoin’s Previous Performance

 

 

 

Bitcoin Price Drops Due to News of the Collapsed Mt. Gox Exchange

The price of Bitcoin fell by about 5% to trade at $54,400 at 9:25 AM on Monday in Singapore,
roughly $19,000 below the record level it reached last March.
Smaller cryptocurrencies like Ethereum, XRP, and the meme-favorite Dogecoin also declined.

 

Impact of the News on Markets

Sentiment was also affected by signs that the German government is disposing of confiscated Bitcoin holdings,
and global markets are acting cautiously as investors assess the results of Sunday’s legislative elections in France.

 

History of the Mt. Gox Exchange

Mt. Gox, based in Tokyo, was once the world’s largest Bitcoin exchange.
It was hacked in 2011 and declared bankruptcy in 2014.
The long-awaited return of cryptocurrencies to creditors may lead to a significant supply of the currency in the market.

 

 

Concerns in the Digital Assets Market

Chris Weston, Head of Research at Pepperstone Group,
wrote in a research note that the main concern in the digital assets market right now is determining the timing of expected large Bitcoin sales,
particularly from Mt. Gox creditors and the German government.

 

Bitcoin’s Previous Performance

Bitcoin’s price reached an all-time high in the first quarter of this year,
driven by demand following the launch of cryptocurrency exchange-traded funds (ETFs) in the U.S.
However, inflows to these funds have since declined,
and Bitcoin’s outperformance of other assets like stocks, evident at the start of 2024, is also rapidly decreasing.

 

Bitcoin Price Drops Due to News of the Collapsed Mt. Gox Exchange

Bitcoin Touches a One-Month Low

Bitcoin Touches a One-Month Low in a Broad Crypto Market Selloff: Bitcoin has experienced a significant dip,
reaching its lowest point in a month amid a widespread selloff in the cryptocurrency market.
The market downturn is attributed to substantial outflows from digital asset
investment products and the prospect of sustained high US borrowing costs.

 

Content
Bitcoin’s Decline

Market Outflows and Economic Factors

Expert Insights

New Listing Stumbles

Regulatory Concerns in South Korea

 

 

 

Bitcoin’s Decline

Bitcoin, the largest digital asset, saw a decline of up to 2.7% on Tuesday, reaching levels not seen since mid-May.
However, it recovered slightly, trading at $65,740 as of 1:20 p.m. in Singapore.
This drop was mirrored by other smaller tokens, including Ether, Solana, and Dogecoin, which also experienced significant losses.

 

Market Outflows and Economic Factors

Data from CoinShares International Ltd. indicated that approximately $600 million
was withdrawn from digital-asset products last week, marking the highest outflow since March.
Persistent inflation has caused traders to revise their expectations for Federal Reserve interest-rate cuts this year,
creating a challenging environment for speculative investments like cryptocurrencies.
In contrast, stocks and bonds have delivered better returns than Bitcoin this quarter,
reversing the trend from the previous three months when digital assets outperformed traditional markets significantly.

 

Expert Insights

“Crypto is becoming increasingly exposed to macro triggers,” commented Caroline Bowler,
CEO of BTC Markets Pty.
Despite the current market challenges, Bowler remains optimistic about the long-term prospects for cryptocurrencies.

 

 

New Listing Stumbles

The waning appetite for new coins was evident across the crypto market.
For instance, the ZK token, associated with a highly anticipated project on the Ethereum blockchain,
plummeted by a third following its Monday listing. This is part of a broader trend where several new launches have faced sharp selloffs.

 

Regulatory Concerns in South Korea

In South Korea, new regulations set to take effect next month may compel exchanges
to reduce the number of tokens available to investors.
Given that South Korea is a significant market for smaller digital assets,
this news has likely unsettled some traders, contributing to the broader market selloff.

 

Bitcoin Touches a One-Month Low in a Broad Crypto Market Selloff

Bitcoin Posts Longest Winning Run Since March

Bitcoin Posts Longest Winning Run Since March: Bitcoin has risen again,
reflecting greater confidence in global markets about the possibility of the Federal Reserve cutting interest rates this year.
In this context, the largest five cryptocurrencies have increased over the past 24 hours, indicating growing optimism among investors.

 

Content

Bitcoin Posts Longest Winning Run Since March

Markets Betting on Cryptocurrencies

Collective Rise of Cryptocurrencies

Optimism for Bitcoin’s Future

 

 

 

Bitcoin Posts Longest Winning Run Since March

Bitcoin has risen again above the $70,000 mark, achieving gains for the fifth consecutive session.
This reflects greater confidence in global markets about the possibility
of the Federal Reserve cutting interest rates this year.
The largest cryptocurrency reached $70,530 as of 8:20 a.m. Wednesday in Singapore,
in its longest daily winning streak in three months.
This figure is about 5% lower than the previous record of $73,798, set in mid-March.

 

Markets Betting on Cryptocurrencies

Traders are pricing in a higher probability of an interest rate cut by the U.S. Federal Reserve as early as November,
The following data indicate moderate inflation in the United States and a weak job market.
Some U.S. Treasury bonds recorded their most significant two-day decline of the year,
easing financial conditions that could help speculative assets like cryptocurrencies.
Tom Couture, Vice President of Digital Asset Strategy at Fundstrat Global Advisors,
said in a note: “Cryptocurrencies are responding positively to rate-cut expectations.”

 

 

 

 

Collective Rise of Cryptocurrencies

The largest five cryptocurrencies, including Ethereum, Binance Coin, and Solana, have increased over the past 24 hours.
The value of popular coins among individual investors, such as Dogecoin, also rose.
Binance Coin is linked to the ecosystem surrounding Binance, the largest cryptocurrency trading platform,
and is often seen as a gauge of market sentiment.
CoinMarketCap data indicates that Binance Coin traded at around $695,
higher than its previous historical peak of about $691 in 2021.
The more than 100% rise in Binance Coin’s value this year suggests improved perceptions of Binance’s prospects
since last November, the company admitted to violating anti-money laundering and U.S. sanctions laws,
resulting in a historic fine of $4.3 billion.

 

Optimism for Bitcoin’s Future

Bitcoin has struggled to maintain its rise above $70,000 in recent days.
Still, optimists draw their enthusiasm from investment flows into dedicated cryptocurrency ETFs
in the U.S. and moves in Washington towards a regulatory framework for cryptocurrencies.
The 30-day short-term correlation between Bitcoin and
the Nasdaq 100 index of U.S. tech stocks reached its highest level since early 2023,
indicating that gains in the stock index could be accompanied by a rise in the leading cryptocurrency.

Michael Novogratz, the billionaire founder and CEO of Galaxy Digital, said on Bloomberg Television:
“The U.S. environment related to monetary policy is more positive for digital assets and is likely to help push
Bitcoin to a record level of $100,000 or even higher by the end of the year.”
Such sentiments indicate how bad memories and scandals associated with the digital asset market in 2022,
including the fraud that led to the collapse of the giant cryptocurrency exchange FTX, have faded, at least for now.

Ethereum’s value rose with the awaited debut of its ETFs

Ethereum’s value rose with the awaited debut of its ETFs:
Ethereum has become a focal point in the world of digital currencies
after it experienced its biggest leap in over a month.

This rise is linked to speculations about the possibility of launching new American-traded investment funds for the currency.

 

Content

Ethereum Gains

Spot Bitcoin Trading Funds

Traded Investment Funds Enhance the Value of “Ethereum”

Securities and Exchange Commission

 

 

 

 

Ethereum Gains

The second-largest digital currency was traded at around $3,710
maintaining gains of 8.5% from its peak during American trading hours.
Ethereum’s gains, which reached 62% since the beginning of the year,
are close to the 68% increase achieved by Bitcoin, the largest currency in the market.

 

Spot Bitcoin Trading Funds

Edward Chin, the co-founder of the digital hedge fund “Parataxis Capital,”
said there were discussions about a meeting between the issuers
of traded investment funds for the Ethereum currency and the US Securities and Exchange Commission.

The Securities and Exchange Commission,
which was initially skeptical, approved spot Bitcoin trading funds in the American exchange in January
after a court decision last year.
Since their launch in January, these funds have collected assets worth $59 billion,
making them among the most successful launches of a fund category ever.
This helped raise the value of “Bitcoin” to a record level in mid-March.

 

Traded Investment Funds Enhance the Value of Ethereum.

Investors realize the potential for “Ethereum’s” value to rise if the commission
allows the launch of traded investment funds directly containing the digital currency.
Major investment companies such as “Black Rock” and “Fidelity Investments”
have applied to launch such funds, but there are doubts about whether the regulatory authority will approve this.

Although “Bitcoin” is considered a commodity, the Securities and Exchange Commission
says that most other digital currencies are considered unregistered securities,
meaning the digital asset sector is rife with non-compliance.
Undoubtedly, explicitly classifying Ethereum as unregistered securities would
increase the challenges of launching a traded investment fund.

 

 

Securities and Exchange Commission

The Securities and Exchange Commission’s approval of “Bitcoin” spot funds

also depends on the relationship between the traded Bitcoin futures contracts
on the Chicago Mercantile Exchange and the price movements of the digital asset itself,
which was considered sufficient to detect fraud and manipulation.

Analysts for traded investment funds at “Bloomberg Intelligence,” James Seyffart and Eric Balchunas,
noted in a memo issued in late March,
a 75% probability that the Securities and Exchange Commission would reject “Ethereum” requests by May,
indicating that the decision could depend on data “showing relatively weak correlations between spot markets and futures markets.”

The Securities and Exchange Commission did not immediately respond
to a request for comment on any discussions related to the requests for
launching traded investment funds for the “Ethereum” currency between it and the potential issuers,
Note that they submitted the request after the official working hours.

 

Ethereum’s value rose with the awaited debut of its ETFs

Bitcoin Achieves Four-Week Winning Streak


Bitcoin Achieves Four-Week Winning Streak: Bitcoin, the largest cryptocurrency, has achieved four consecutive weeks of gains and is approaching $52,000 amid expectations of setting a new record.

 

Topics

Cryptocurrency Market Downturn

Weekly Gains

Bitcoin Market

 

 

Cryptocurrency Market Downturn

Just a year ago, the crypto market was dominated by a downturn,
and the mere thought of Bitcoin reaching a record level approaching $69,000
was considered a dream or wishful thinking.
Now, after 12 months, studies have begun to suggest the possibility of this.

“The technical analysis comparing the rise of the largest digital assets to $52,000
with previous fluctuations forecasts further gains in the coming weeks.
Some of these studies are outlined below—
with the caveat that the past is not always a reliable indicator of the future,
especially for a young and volatile asset like Bitcoin.”

Weekly Gains

Since the beginning of 2023, the price of Bitcoin has tripled,
with optimism surrounding the approval of exchange-traded funds (ETFs)
in the US stock market for direct Bitcoin trading,
in addition to the approaching decrease in supply from the halving.
The rise has ensured consecutive increases for four weeks until February 18.

Over the past five years, the value of the cryptocurrency
has increased by an average of 49% following a series of four-week gains,
according to a Bloomberg report, which could push the price of Bitcoin to $78,000.

Richard Galvin, founder of investment firm “DACM,”
which focuses on cryptocurrencies, said: “The Bitcoin market remains strong.”

 

Bitcoin Market

Speculators use option contracts for a variety of trading approaches.
Data from Deribit, the largest digital options exchange,
show that Bitcoin call spreads are among the most popular strategies currently.
This indicates that investors see the potential for further increases in the price of Bitcoin,
but not necessarily significant ones.
A bull call spread involves purchasing a call option,
which is partially funded by selling a contract of the same term at a higher strike price.

Caroline Mauron, the co-founder of digital asset derivatives liquidity provider Orbit Markets, said:
“The options market as a whole is currently estimating the probability
of achieving a new record level before the halving at around 20% to 25%, which seems acceptable to us.”

Bitcoin was little changed at $51,956
, close to its highest level in over two years. Among smaller currencies,
the Worldcoin token from a project co-founded by OpenAI’s Sam Altman was notable,
surging 32% in the past few hours, as CoinGecko figures show.

 

Bitcoin Achieves Four-Week Winning Streak

Bitcoin Surpasses $45,000 as Expectations Rise for Bitcoin ETF


Bitcoin Surpasses $45000 as Expectations Rise for Bitcoin ETF: For the first time since April 2022, the price of Bitcoin, reached $45,000 and expectations are high for the approval of the launch of Bitcoin exchange-traded funds.
 Traders bet that the price of Bitcoin would reach $50,000, capitalizing on the ETF’s optimism.

 

Topics

Bitcoin price rise

Bitcoin Recovery

 

Bitcoin price rise

The price of Bitcoin (the largest cryptocurrency)rose by 4% to the highest level since April 2022 and reached $44,844,
the price of other cryptocurrencies also rose, and the price of Ethereum (the second largest cryptocurrency) rose by about 2.6%.
Since the beginning of December 2023, the price of Bitcoin has increased by more than 15%,
ahead of the US Securities and Exchange Commission’s January 15 issuance date that would allow the adoption of Bitcoin for exchange-traded funds.
Hayden Hughes, co-founder of social media trading platform Alpha Impact,
said there is a group of traders in the US and Europe who fear missing the opportunity
to invest in Bitcoin before the US Securities and Exchange Commission makes the decision.
There is a swap fee and some have started the new year by purchasing Bitcoin.
Traders expect the price of Bitcoin to reach $50,000 but remain optimistic about the launch of exchange-traded funds.

 

Bitcoin Recovery

Strong demand for risky assets, supported by expectations of lower interest rates in the United States,
has led to a rally in Bitcoin in recent months, and this growth has offset the losses that resulted from the sharp drop in the currency’s price,
was partially offset in 2022, which has expanded to the cryptocurrency market, 

be known that the price of Bitcoin is still below the all-time high that reached around $69,000 in 2021 during the COVID-19 pandemic.

 

Bitcoin Surpasses $45,000 as Expectations Rise for Bitcoin ETF