TALLINN, Estonia, July 31: As the U.S. presidential race heats up, the potential impact of Donald Trump’s possible re-election on Bitcoin’s price trajectory has become a hot topic of discussion.
The July 2024 Crypto Market Report by AMBCrypto delves into the intricate relationship between political developments and cryptocurrency dynamics, with a particular focus on Bitcoin. Based on a comprehensive survey of 9,375 investors and extensive market analysis, the report uncovers –
1. Survey insights: 80% believe Bitcoin will rise if Trump is re-elected, with a potential to reach $80,000, . surpassing its previous high of $73,780.
2. Political connection: 25% of crypto discussions on social media are currently centered around the U.S. elections, especially Trump’s influence on Bitcoin.
3. Market dynamics: Despite recent sell-side pressure, Bitcoin’s recovery to $66,000 has seen 86% of investors remain profitable, with significant movements of Bitcoin into cold wallets, indicating bullish sentiment.
4. Long-term holder sentiment: The Long Term Holder MVRV is projected to hit 3.9, indicating potential threefold profits for long-term investors.
The report further explores DeFi, DePIN, and the Politifi sector to provide valuable insights for investors. You can access the full report here for a deeper dive. Our AMBCrypto experts are also available to answer any questions you may have and provide further analysis.
For the detailed report: https://ambcrypto.com/Bitcoin-to-$190k-July-2024-Report/
About AMBCrypto
Established in 2018, AMBCrypto cuts through crypto noise. Their passionate journalist and blockchain enthusiast team delivers breaking news, in-depth analysis, and expert breakdowns on the ever-evolving crypto world. They simplify complex technical happenings, empowering users with clear insights. Trusted by tech giants (Amazon, Facebook, X, Microsoft, Tesla) AMBCrypto helps navigate the ever-changing crypto landscape.
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