Is the Crypto Ecosystem Strengthening Because of Donald Trump's Win?

Explore how Donald Trump's 2024 election win is boosting the crypto ecosystem. Learn about Bitcoin's price surge, altcoins' growth, and Trump's crypto-friendly policies that could shape the market's future. Stay updated on the latest crypto trends and predictions!

Donald Trump was declared superior to Kamala Harris in the 2024 US Election held on November 5. Trump received 50.9% of the vote while Kamala only received 47.6% with Trump's voter area being much more dominant.

This victory is good news for the crypto ecosystem. Evidently, due to Donald Trump's superiority, the price of crypto tokens has skyrocketed and even made Bitcoin a new ATH.

Check out the detailed explanation of the crypto ecosystem which has strengthened again due to Donald Trump's victory in the 2024 US Election.

Bitcoin Predicted to Hit $100,000 in Q! 2025

After yesterday BTC recorded a price of more than $75,000, today the price of Bitcoin even touched $76,391 its highest price in 24 hours. When this article was written on November 7, BTC was trading at $75,216 with an increase of 3.05%. This price is of course very amazing and has only happened during this US election period.

You can see from the screenshot of the Bitrue price chart above. The BTC RSI value is at 71.74, which means the buying trend is still strong like yesterday, but if it is higher, it will be overbought.

The Bitcoin MACD indicator also shows a bullish trend that could continue to climb along with Donald Trump's victory celebration. Because of these very positive BTC indicators, many crypto observers say that BTC could touch a price of $ 100,000 in Q1 2025.

As reported from TradingView, Bitcoin's current dominance is at 60.05%, which is much higher than BTC's dominance on normal days which is only in the 50s.

Crypto is Greening

The crypto ecosystem has still green since yesterday. Not only Bitcoin, but various Altcoins to memecoins have also experienced significant increases.

Ethereum continues to strengthen its price at $2,821 with an increase of more than 8%. In fact, in 24 hours, ETH touched a price of $2,878. And just like BTC, Ethereum's RSI value is also very high at almost 80 with a MACD line that has jumped significantly, indicating that ETH's bullishness is happening and will be more positive in the future.

SOL is also no different. The SOL MACD line indicates a positive bullishness. No mistake, SOL’s price also touched its highest price at $191.90 in the last 24 hours.

Why Crypto Ecosystem Supports Donald Trump

Donald Trump has indeed attracted the sympathy of crypto investors. This is because, during the campaign, Donald Trump seemed serious about supporting this ecosystem. Trump was also recorded as stating 11 points to support crypto:

1. Fire SEC Chairman Gary Gensler on Day 1

2. Establish a “National Bitcoin Stockpile”

3. Make the United States the “Bitcoin and cryptocurrency capital of the world”

4. Retain 100% of the 203,650 BTC$BTC ($14.95B) currently held by the U.S. government

5. Eliminate capital gains tax on Bitcoin

6. Support U.S. Bitcoin mining

7. End regulatory crackdowns (the “anti-crypto crusade”)

8. Launch a “Bitcoin and crypto presidential advisory council”

9. Protect individuals' rights to self-custody digital assets

10. No CBDC

11. Commute Ross Ulbricht's double-life sentence, the founder of Silk Road.

Conclusion

Will the crypto ecosystem strengthen in the future during Donald Trump's leadership in the United States? Will Trump's promise to make crypto regulations easier and more protected as Trump mentioned during the campaign?

To find out, you can access the Bitrue website. There, you will find out all the updates about the crypto ecosystem in real-time wherever you are.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

 

Regional Financial Literacy Caravan 2024: Wealth Reimagined for a Fulfilling Future

Wazzup Pilipinas!?

The Regional Financial Literacy Caravan 2024 will be held on November 24, 2024, from 10:00 AM to 4:00 PM at the DYCI Sapientia Ideation Center in Bocaue, Bulacan. With the theme “Wealth Reimagined: Investing for a Fulfilling Future,” this event is designed to empower students and young professionals in the Central Luzon region with essential financial knowledge. It aims to teach practical skills in budgeting, saving, investing, and financial management, offering attendees the tools to make informed decisions that will shape their financial futures.

Bringing together over 20 university-based finance organizations from across Region III, the caravan provides a platform for learning from financial experts through engaging workshops and insightful panel discussions. Participants will gain a deeper understanding of various investment options, strategies for wealth-building, and ways to align their financial goals with their career ambitions. The event also offers valuable networking opportunities for students, young professionals, and industry leaders to exchange ideas and expand their knowledge.

As financial literacy continues to play a pivotal role in personal and professional success, the Regional Financial Literacy Caravan 2024 aims to foster a culture of financial awareness among the youth. Whether you're just starting to explore personal finance or looking to refine your investment strategies, this event promises to be an enriching experience.

Don’t miss out on this transformative experience! Mark your calendars for November 24, 2024, and join us at the DYCI Sapientia Ideation Center in Bocaue, Bulacan, for a day filled with knowledge, inspiration, and networking.

For more details or to register, visit https://www.facebook.com/JCFAPCENTRALUZONPH.

For more information, please contact 𝗠𝘀. 𝗞𝗮𝘁𝗲 𝗘𝘂𝗻𝗶𝗰𝗲 𝗦𝗮𝗻 𝗙𝗿𝗮𝗻𝗰𝗶𝘀𝗰𝗼 at 𝟬𝟵(𝟭𝟬) 𝟬𝟭𝟵 𝟮𝟴𝟮𝟰

or email her at 𝗷𝗰𝗳𝗮𝗽.𝗰𝗹.𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝗹𝗮𝗳𝗳𝗮𝗶𝗿𝘀@𝗴𝗺𝗮𝗶𝗹.𝗰𝗼𝗺.

𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝘁𝗵𝗲 𝗚𝗼𝗹𝗱𝗲𝗻 𝗙𝗶𝗿𝗲.

𝗕𝗲 𝗝𝗖𝗙𝗔𝗣-𝗖𝗟𝗖

𝗖𝗼𝗺𝗺𝗶𝘁. 𝗟𝗲𝗮𝗱. 𝗖𝘂𝗹𝘁𝗶𝘃𝗮𝘁𝗲.

#JCFAP_RFLC2024

#JCFAPCLC

#IgnitingTheLegacyOfFieryVictory

ASCARO Elevates Padel in Malaysia as the Exclusive Distributor of Padel Galis

  

The Swedish padel brand has teamed up with the Spanish padel court manufacturer to strengthen the sports’ presence in Southeast Asia.

KUALA LUMPUR, 7 November 2024 – ASCARO has unveiled a new partnership with Padel Galis, the Spanish padel court manufacturer, securing its position as the manufacturer’s exclusive distributor in Malaysia.

After opening its doors just over a year ago at the rooftop of 1Utama New Wing, the ASCARO Padel & Social Club has set the standard for the city’s padel courts. Their dedication to outfitting their facilities with the finest grade materials available showcases the differences in quality and returns on investment.

“At ASCARO, we not only distribute padel courts but also manage our own clubs and we are certain that Padel Galis courts are a durable investment over time,” said Daniel Liljekvist, Managing Director and Partner at ASCARO.

Price versus Quality: You Get What You Pay For

As the sport has gained traction and popularity in the region, so has the growing demand for high-quality facilities in the region. One of ASCARO’s goals is to champion padel as an elite sport while still staying true to its roots. Originating in Acapulco, Mexico in 1969, padel was then introduced to Spain by Prince Alfonso of Hohenlohe-Langenburg, who built two courts at his Marbella Club Hotel.

The sport has made its global presence felt, and Southeast Asia is no exception. The tropical region is exposed to weather that can wear down a court, such as high humidity, heavy rains and strong winds.

Salva Segura, chief growth officer of Padel Galis explains: “The quality of the courts in a region like Southeast Asia is non-negotiable. Extreme weather conditions test the materials, and if they aren’t of high-quality, maintenance and repair costs rise significantly.”

Liljekvist adds: “We’ve seen how the appeal of low-priced products can be tempting in the short-term, but in areas with high humidity and frequent rain, investing in quality is essential.”

Popular demand would lead to healthy competition, and the Malaysian padel market is no exception. Numerous low-cost alternatives are entering the market and often falling short in terms of quality. Cheaper courts tend to experience ‘wear-and-tear’ issues such as oxidation, cracking and breakage, especially under adverse weather conditions.

Investing in high-quality materials, specifically by Padel Galis, would result in long-term savings by reducing repair and replacement costs.

A Promising Future of Padel in Malaysia

Padel Galis’ contribution to the development of padel in Malaysia will offer local clubs and players padel facilities that will meet the highest international standards.

“That’s why we are thrilled to work with ASCARO, a company that shares our vision in providing durable, top-tier solutions for our clients,” adds Segura.”

About Ascaro Padel and Social Club

About Ascaro Padel and Social Club ASCARO Padel & Social Club is a premier padel facility in Malaysia, featuring rooftop courts, top-tier gym amenities, international coaches, and a lively social atmosphere enhanced by a stylish bar. Located in Kuala Lumpur, ASCARO caters to all skill levels, offering an exceptional experience for padel enthusiasts and aiming to elevate their game.