Bitcoin surges after Trump’s JD Vance VP pick, BlockDAG network nears $60M amid US Presidential Election crypto buzz Although the price did not hold, this jump marks an important recovery phase for the leading cryptocurrency. BlockDAG Network appears to be setting its name in stone in the blockchain industry, nearing on the $60 million milestone in its Initial Coin Offering (ICO)
Bitcoin saw a surge on Thursday, briefly reaching $65,000, a signal of upswing in investor confidence and market activity, thanks also to political events and announcements. Although the price did not hold, this jump marks an important recovery phase for the leading cryptocurrency.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Simultaneously, BlockDAG Network appears to be setting its name in stone in the blockchain industry, nearing on the $60 million milestone in its Initial Coin Offering (ICO). This impressive fundraising effort cements BlockDAG as what analysts and crypto influencers are referring to as “the top ICO of 2024,” showcasing its potential to become a major global name in the digital finance space.
Bitcoin to $65,000 (just for a moment): Why
Bitcoin's brief ascent to $65,000 is a welcome development for investors and all other enthusiasts who have been witnessing the cryptocurrency's volatility for way too long now. This peak underscores Bitcoin’s resilience and the increasing institutional adoption driving its value. The surge aligns with the bullish forecasts from financial giants such as JP Morgan, which predicted a good rebound session for Bitcoin and other cryptocurrencies in the latter half of the year, starting August 2024.
Several factors contribute to Bitcoin's current momentum. Renewed interest from major financial institutions, favourable regulatory developments, and technological advancements within the crypto ecosystem have all played a role. However, the biggest factor seems to be JD Vance, Donald Trump's pick for Vice President. The Ohio-born politician and author is a self-confessed "bitcoinist," who has been vocal about his support for Bitcoin, advocating for its potential to transform the modern financial landscape. His stance contrasts sharply with the more conservative views of the current administration under President Joe Biden, who has expressed concerns about the digital economy's regulatory challenges and therefore does not promote or endorse cryptocurrency.
Donald Trump, who has recently opened up to Bitcoin and cryptocurrencies, further adds to the market's optimistic outlook. Trump’s evolving stance, coupled with his scheduled speech at the upcoming Bitcoin2024 event in Nashville, Tennessee—the largest crypto event globally—could represent a very big shift in the political landscape when it comes to digital currencies.
Trump and the crypto landscape
Trump's potential return to the presidency in 2024 could be a game-changer for the cryptocurrency industry. Unlike Biden, who has maintained a cautious approach towards digital assets, Trump’s endorsement could lead to more favourable regulatory conditions, spurring innovation and adoption. Trump's deeply emotional “I had God on my side” post-assassination speech and his renewed vigour in advocating for American economic prowess might drive some positive policy shifts when it comes to digital assets. His appearance at Bitcoin2024 is highly anticipated, with industry experts speculating that a Trump victory could herald a new era of growth for Bitcoin and blockchain projects like BlockDAG Network.
A pro-crypto ticket
Adding to this optimistic scenario is Trump’s vice presidential pick, JD Vance, the first-ever ‘bitcoiner’ on a presidential ticket. Vance, who owns a substantial amount of Bitcoin and has pushed crypto-friendly legislation, brings a significant pro-crypto stance to the campaign. His selection has further boosted market confidence. Bitcoin surged nearly 10% following the attempted assassination of Trump over the weekend, and the cryptocurrency continued to rise after the announcement of Vance as the running mate. This pro-crypto ticket has reassured the broader industry and added to the bullish sentiment.
Bitcoin bulls eye $70K
Market analysts are now eyeing $70,000 as the next target for Bitcoin. “BTC could hover around the 120-day moving average, and the price may have the momentum to go up to $68k or even $70k, but we need to continue to monitor closely the Fed policies and implications of Mt. Gox,” one trader said. This optimistic outlook further reinforces the growing confidence in Bitcoin’s potential for greater gains in the near future.
Spotlight WireThe BlockDAG network
Amidst Bitcoin's resurgence, BlockDAG Network is the name in the blockchain domain. The project is nearing the $60-million milestone in its ICO, reflecting widespread investor confidence and enthusiasm. This achievement is not just a financial milestone but a testament to BlockDAG’s innovative approach to decentralised finance (DeFi).
BlockDAG Network’s ICO is being hailed as the best of 2024. The project has attracted significant attention from private, retail and institutional investors, thanks to its robust technological framework and a comprehensive roadmap. The near-$60 million raised is set to propel BlockDAG Network into new realms of development and even larger global expansion.
The BlockDAG network presale offers investors a unique opportunity to get in at the very beginning of what is likely to become a revolutionary project. The best time to join is now, as the team announced a 40% price increase scheduled to take effect following the CEO, advisory board and executive team doxxing event just days after Trump's speech in Tennessee. This price hike reflects the growing demand and anticipated value of BlockDAG's native token, BDAG.
Spotlight WireThe future of crypto with Trump
If Trump wins the 2024 election, the implications for Bitcoin and BlockDAG Network could be profound. A pro-crypto administration might usher in policies that encourage innovation, reduce regulatory burdens, and promote wider adoption of digital currencies. This could lead to a more robust and dynamic crypto market, benefiting projects like BlockDAG Network that are poised to capitalise on such an environment.
Bitcoin’s surge to $65,000, albeit brief, demonstrates the digital asset’s enduring appeal. Meanwhile, BlockDAG network’s imminent achievement of $60 million in ICO funding highlights the project's significant potential and global acceptance.
As the crypto world looks forward to Trump’s speech at Bitcoin2024 and the subsequent developments, one thing is clear: both Bitcoin and BlockDAG network are at the forefront of a new wave of digital innovation.
Read About BlockDAG Presale:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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This story originally appeared on: India Times - Author:Faqs of Insurances
