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Bitcoin Retreats After Hitting New Record High As Trump Avoids Mention Of Crypto During Inauguration Speech

The price of Bitcoin, the world’s biggest and best-known cryptocurrency, hit a new all-time high near $109,000 on Monday as hopes grew for a strategic BTC national reserve but swiftly dropped to the $103K zone after President Donald Trump’s silence on crypto at his inauguration speech. Bitcoin Sheds 5% After Trump Inauguration After surging to a new record high of $108,786 on Monday morning, Bitcoin lost 5% of its value to trade at $103,279 as of press time. President Trump’s Official TRUMP also succumbed to selling pressure, plunging over 43% over the last 24 hours to change hands at $38.60. In his inauguration speech, Trump trumpeted his support for innovation, though he didn’t specifically make mention of crypto. “There’s no nation like our nation,” Trump declared. “Americans are explorers, builders, innovators, entrepreneurs, and pioneers. The spirit of the frontier is written into our hearts.” Many crypto observers had expected the new president to address crypto in some form, including discussing the establishment of the highly-awaited national Bitcoin strategic reserve. Others speculated that he might mention the $TRUMP and $MELANIA meme coins that launched over the weekend and sparked a speculative frenzy. However, he did not mention these newly launched meme coins either. Trump’s Plans For Bitcoin While the previous Biden administration lodged unrelenting attacks on the nascent crypto industry over the last four years, Trump has vowed to nurture the crypto industry, appoint pro-crypto regulators, and allow entrepreneurs to launch products without fear of lawsuits. Previously skeptical, Trump has repeatedly voiced support for Bitcoin as a strategic asset, outlining plans for the creation of a U.S. BTC reserve to boost economic stability. It was revealed last week that Trump is reportedly poised to issue executive orders that encompass abolishing the U.S. Securities and Exchange Commission’s controversial accounting guidance. The new administration is also planning to issue an executive order to set digital assets as a “ national priority .” Overall, traders are hoping that a slew of Trump-issued crypto executive orders in the coming days will embolden the bulls and reverse the current bearish price movement.

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin’s Breakout Potential: Analyzing Trends and Market Factors Impacting Price Movements

According to a recent report from Matrixport on January 21st, the trading price of Bitcoin has been navigating within a tightening wedge pattern since mid-November. This market behavior is shaped ZyCrypto

Is eCryptobit.com a Reliable Platform for Cryptocurrency Investments?

eCryptobit.com: An Overview eCryptobit.com is an online platform that claims to specialize in cryptocurrency investments, offering users the ability to trade, invest, and grow their digital asset portfolios. As cryptocurrencies continue to reshape global finance, platforms like eCryptobit.com promise users high returns through innovative trading strategies. Key Features of eCryptobit.com 1. Wide Range of Cryptocurrencies Supports popular assets like Bitcoin (BTC), Ethereum (ETH), and altcoins. Offers diversified investment opportunities to minimize risks. 2. User-Friendly Interface Simplified account setup and intuitive navigation for both beginners and experienced traders. 3. Investment Plans Offers tiered investment options based on risk appetite and expected returns. Claims to provide competitive interest rates on deposited funds. 4. Security Measures Emphasizes encryption and secure fund storage to protect user investments. 5. Customer Support Provides 24/7 assistance to resolve user queries and offer guidance. How to Invest with eCryptobit.com Step 1: Create an Account Visit the eCryptobit.com website and register with your email and basic details. Step 2: Verify Your Identity Complete KYC (Know Your Customer) requirements to comply with regulations. Step 3: Deposit Funds Fund your account using supported payment methods, including cryptocurrencies or fiat. Step 4: Choose an Investment Plan Select an investment strategy aligned with your financial goals. Step 5: Monitor and Withdraw Track your investment performance through the platform’s dashboard. Withdraw profits as needed. Pros and Cons of eCryptobit.com Advantages Diverse Options: A variety of cryptocurrencies and investment plans. Accessibility: Simple onboarding for new investors. Potential Returns: Promises of high ROI compared to traditional investments. Disadvantages Lack of Transparency: Limited public information about the company’s team or operations. Risk of Scams: As with any crypto platform, there’s a risk of fraudulent activities. Unregulated Platform: Operating in an unregulated space can expose users to additional risks. Red Flags to Watch Out For When considering platforms like eCryptobit.com, be cautious of the following: Lack of Regulation: Check if the platform is registered with financial authorities. Unrealistic Promises: Be wary of guarantees of fixed returns, as crypto markets are volatile. Limited Reviews: A lack of credible user feedback could signal a potential scam. Hidden Fees: Ensure transparency regarding transaction or withdrawal charges. How to Verify eCryptobit.com’s Legitimacy 1. Research the Team Look for publicly available information about the founders and management. 2. Read User Reviews Check platforms like Trustpilot or Reddit for authentic user experiences. 3. Verify Security Measures Ensure the platform uses industry-standard encryption and cold storage for funds. 4. Test Customer Support Reach out with queries to assess the responsiveness and professionalism of the support team. Alternatives to eCryptobit.com If you’re unsure about eCryptobit.com, consider these reputable platforms: Coinbase: User-friendly for beginners, regulated in the U.S. Binance: Offers a wide range of cryptocurrencies and advanced trading features. Kraken: Known for robust security and a variety of trading tools. eToro: Combines crypto trading with social investment features. Conclusion While eCryptobit.com presents itself as a promising investment platform, potential investors should exercise caution and conduct thorough research before committing funds. The cryptocurrency market is inherently risky, and platforms operating without regulatory oversight can add to the uncertainty. Always prioritize security, transparency, and credibility when choosing a platform to manage your digital assets. To learn more about innovative platforms and startups shaping the crypto industry, explore our article on latest news , where we delve into ventures with the potential to disrupt traditional finance. ZyCrypto