Join our Telegram channel for the latest news coverage. Bitcoin price is up 0.5% in the last 24 hours as presidential candidate Donald Trump said if he regains the White House in November he will build a strategic national Bitcoin reserve, fire SEC Chairman Gary Gensler, and make the United States the cryptocurrency capital of the world.
“Never sell your Bitcoin,” he said during a speech at the Bitcoin 2024 conference in Nashville on July 26. “On day one, I will fire Gary Gensler. I promise the Bitcoin community that the day I’m sworn in, Joe Biden and Kamala Harris’ anti-crypto campaign will end.”
As of 7:20 p.m. ET, the bitcoin price was $68,048, and trading volume increased by 32% to $36 billion.
The United States and Bitcoin
A historic speech. Below is Donald Trump’s full speech at the Bitcoin conference.
Speaking to a crowd of about 5,000 people, Trump expressed his desire for Bitcoin to be "mined, minted, and manufactured in the United States." He also outlined a broad crypto policy that ranges from regulating stablecoins to supporting the right to self-custody Bitcoin.
In a related development, Senator Cynthia Loomis said she plans to introduce a bill next week that would direct the U.S. Treasury to buy 1 million bitcoins over five years, which would cost almost $70 billion at current prices. She believes the move would help offset the depreciation of the U.S. dollar.
In five years, the United States will have amassed 1 million Bitcoins, accounting for 5% of the global supply!
Bitcoin Price Breakout Imminent: Is a Bull Run Coming?
Bitcoin price is still trading within a bullish triangle. This suggests that bulls may be ready to stage a rally above the triangle. This pattern hints at a possible uptrend, suggesting that the bullish momentum may continue and push the price to Bitcoin’s previous all-time highs.
Bitcoin price showed a rebound above the 50-day Simple Moving Average (SMA) and remained above the 200-day SMA. Bitcoin price could rise, thus validating the expected breakout above the upper trendline of the triangle.
Although the relative strength index (RSI) shows a short-lived bearish trend, it has rebounded to the mid-range level of 50 to 63, indicating intensifying buying pressure. This suggests a potential upside to the overbought region of 70.
Furthermore, this sentiment is reinforced by the green histogram bars and recent crossover on the Moving Average Convergence Divergence (MACD) indicator, where the blue average line has moved above the orange signal line.
Bitcoin Price Prediction: Can the Bitcoin Bull Run Sustain Momentum?
Bitcoin price is expected to embark on a major bull run after rebounding above the 50-day SMA. Traders are using the bullish triangle to push for a potential new all-time high at $86,527.
However, if the bears regain control, they might push the price lower and it might drop below the 50-day SMA to around $65,227. Further downward pressure could push it to the 200 SMA at $61,514.
A promising alternative to Bitcoin
As excitement builds over Trump’s crypto policies and their impact on Bitcoin prices, investors are snapping up a new learn-to-earn cryptocurrency called 99Bitcoins (99BTC), which has surpassed $2.5 million in pre-sales. 99Bitcoins is an education platform with 2 million registered users and over 706,000 subscribers to its courses.
The platform is preparing to launch a decentralized platform designed to give users a deep understanding of the world of crypto while allowing them to earn tokens through education. It takes a friendly approach and simplifies learning with interactive videos.
Following the highs of Q1 2024, the crypto market faced a retracement in Q2. Despite this, memecoins remain the most popular and profitable topic. Memecoins delivered huge returns in Q1 2024, with the average return of the top ten coins being 13,13%.
99Bitcoins aims to make learning about Bitcoin more fun and engaging by turning it into a game. Users can advance through levels by completing lessons and challenges and earn rewards in the form of $99BTC tokens.
They can also stake their tokens to earn a staggering annual return of 676%.
That’s why ClayBro, a well-known crypto YouTuber with over 130,000 subscribers, believes that 99BTC could break out after it is listed on a first-tier exchange.
There are only 9 days left until the 99BTC presale ends, and you can buy 99BTC tokens at the official website for $0.00115.
The price will go up in less than 2 days, buy now to get the best deal.
Buy 99BTC using ETH, USDT or bank card.
English 
Chinese (China) 
Chinese (Hong Kong) 