Is Trump ringing the bell if the NYSE tomorrow the reason why crypto and bitcoin recovered today?

[Fidelia]

The day before today, the crypto market was in a massive dump and investors were apprehensive. Looking at the price of bitcoin today, it has pumped again. Is it tomorrow's event of Trump ringing the bell the reason for the Bitcoin pumping so soon from a dump?

 

[Webster]

The day before today, the crypto market was in a massive dump and investors were apprehensive. Looking at the price of bitcoin today, it has pumped again. Is it tomorrow's event of Trump ringing the bell the reason for the Bitcoin pumping so soon from a dump?

Nah, more like (a) the crypto industry on the whole is surging with Bitcoin leading the way and (b) Donald Trump being named Time Magazine's 2024 Person of the Year.

 

[Min George]

Nah, more like (a) the crypto industry on the whole is surging with Bitcoin leading the way and (b) Donald Trump being named Time Magazine's 2024 Person of the Year.

Didn't even know that Trump was named man of the year by Times. It seems every positive news about Trump pumps bitcoin.

 

[SilverLance]

It could be because of Trump's event why there's a sudden pump in Bitcoin. Investors might be getting more positive about the market and jumping back in, which drove the price up.

 

[Webster]

It could be because of Trump's event why there's a sudden pump in Bitcoin. Investors might be getting more positive about the market and jumping back in, which drove the price up.

Crypto was already headed back up, Lance; Trump ringing the NYSE bell is incidental to that.