Bitcoin On The Rise: Why Investors Are Optimistic Again

Following the recent attempted assassination of former President Donald Trump, the crypto community appears to be responding positively. Bitcoin and other cryptocurrencies are surging, with Bitcoin reaching a whopping $63,000 on Monday morning. This sudden increase in value has left investors optimistic about the future of crypto.

![Bitcoin surging]( The recent increase in Bitcoin’s value is largely attributed to the increased chances of Trump winning the presidential election. Many believe that Trump, who has presented himself as crypto-friendly, would be beneficial for the crypto market.

Other cryptocurrencies such as Ether, Solana, and Dogecoin have also seen significant increases in value, with Ether soaring over 10% in just one day. Additionally, TrumpCoin, a cryptocurrency dedicated to Trump, has seen a massive surge in price, increasing by nearly 25% in the past seven days.

![TrumpCoin surging]( The surge in crypto prices may also be attributed to the positive inflows into spot Bitcoin ETFs. According to Farside, these ETFs have seen consecutive inflows since July 5, with over $310 million in inflows on July 12 alone.

The crypto market is known for its volatility, and many experts are split on whether this surge is a sign of a new trend or just a temporary correction. Some believe that Bitcoin may surge as high as $100,000, while others are more skeptical.

![Bitcoin chart illustrating the sideways trend]( One thing is certain, however - the crypto market is always full of surprises. Whether this surge is a sign of a new trend or just a temporary correction, one thing is for sure - investors are keeping a close eye on the market.

Bitcoin Is On The Brink: Can It Recover?

Bitcoin has broken down cleanly through its range, leaving many investors wondering what’s next. The current chart says that if you’re a bull, Bitcoin is back in the game. However, if you’re a bear, the price will roll over now and go below the previous low, and even more doubt will enter.

The narrative explaining this lapse is that the German government has dumped a big holding of Bitcoin it had seized from criminals, causing the slump. Additionally, the Mt. Gox payout is underway, saturating the market. This process will roll and roll as in effect a huge treasury of Bitcoin is back in the market, having been in lockdown for years.

A true believer will simply buy more on the fall, and why not if Bitcoin has made them a fortune from doing just that. To me, the following is the Achilles heel:

Mainstreet has lost its BTC mania, so it’s up to Wall Street to make Bitcoin shine. That idea simply doesn’t work in my head.

Bottom line: Look out below.