Bitcoin hits new ATH at $109k! Is Trump's inauguration a "Sell the news" event?

in LeoFinance20 hours ago

Hi HODLers, Hiveans and Lions,

Today is Trunp's 2nd inauguration Day! Crypto Markets clearly anticipated a pump and... it happened!

Nevertheless, after hitting $109k, $BTC retreated to around $105k as I am writing this article. There are a few moving parts but it is clear that Trump is clearly pro crypto and has been using the cookie jar to incraese his wealth.

While I am far from being an anti-Trump, I find his latest move to launch a $TRUMP coin for his own personal benefit: DISGUSTING.

There I said it.

Kalshi and PolyMarkets see 65%+ odds of Trump building a Bitcoin reserve in his first 100 days!

I really feel we are reaching the end of the 1st leg of the rally. What will be the narrative for us to reach new highs? Time will tell.

In the mean time, I am incraeasing my $HIVE, $LEO and $HBD holdings! Little by little.

Where do you think we go from here?

Source

Stay safe,

Posted Using INLEO

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It seems that the sell on news release function is finally working. In 24% BTC -2.5%, ETH -3.7%, SOL -9.72%

I still believe in a Buy-the-News event though it might only Happen in the coming days when the ETFs start buying again. Wall Street is closed today.