In a revolutionary announcement on November 15, 2024, at 10:30 am, President Donald Trump said that the revenues generated by the prices will be allocated to reduce or completely eliminate income taxes for individuals with less than $ 200,000 per year (source: Official press release from the White House, November 15, 2024). This change in policy has sent undulations via financial markets, including cryptocurrencies, because investors assess the potential impact on disposable income and consumer spending. Bitcoin (BTC) experienced an immediate increase of 3.2% within two hours of the announcement, going from $ 58,200 to $ 60,060 at 12:30 p.m. on big exchanges like Binance and Coinbase (Source: Coinmarketcap, November 15, 2024). Ethereum (ETH) followed suit with an increase of 2.8%, going from $ 2,450 to $ 2,519 during the same calendar (source: tradingView, November 15, 2024). The negotiation volumes against BTC / USD increased by 18% on Binance, reaching $ 1.2 billion within four hours after cancellation, while the volumes of ETH / USD increased by 15%, reaching 780 million dollars (source: binary exchange data, November 15, 2024). This rapid reaction on the market suggests increased optimism of investors regarding the increase in detail participation in cryptographic markets due to potential tax relief. In addition, data on the Glassnod chain indicate a 12% increase in Bitcoin portfolio activations for addresses with less than 1 BTC at 2:00 p.m., pointing to the growing interest of smaller investors (Source: Glassnode, November 15, 2024). Policy could indirectly feed the adoption of cryptography if the available income increased, especially among the medium and low -income income supports which can allocate economies to digital assets.
The commercial implications of this advertisement are multifaceted and guarantee particular attention of cryptocurrency investors looking for opportunities in Bitcoin prices and market trends. If it is implemented, tax relief could increase disposable income for millions of Americans, which could lead to retail investments in cryptocurrencies as an alternative asset class. Historical data show that the budgetary stimulus is often correlated with the points of the cryptographic trading activity; For example, during 2021 stimulation checks, BTC trading volumes on Coinbase increased by 22% in the week following the distribution (source: Coinbase Quarterly Report, Q1 2021). The current feeling of the market, as evidenced by the Crypto Fear & Greed index, went from 65 (greed) to 72 (extreme greed) at 3:00 p.m. on November 15, 2024, indicating the bullish momentum (source: alternative.me, November 15, 2024). Trading pairs like BTC / USDT and ETH / USDT on Binance have recorded significant purchase orders, with sold ratios sold to 1.4: 1 for BTC and 1.3: 1 for ETH between 11:00 am and 1:00 pm (Source: Binance Order Book Data, November 15, 2024). The metrics on the chain also support this trend, Ethereum gas costs stood by 9% due to the increase in transaction activity at 2:30 p.m., suggesting increased use of the network (Source: Etherscan, November 15, 2024). For merchants, this presents a potential opportunity to capitalize on short -term volatility in the main cryptography assets while monitoring how the policy takes place and influences the behavior of retail investors in the crypto exchange landscape.
From a technical point of view, the action of bitcoin prices after cancellation shows an escape above the level of resistance of $ 59,500 on the graph of one hour, with a confirmed fence at $ 6020 at 1:00 p.m. on November 15, 2024 (source: tradingView, November 15, 2024). The relative resistance index (RSI) for BTC is 68 years old, approaching too hidden a territory, but always indicating a place for a momentum at 3.30 p.m. (source: Coingecko, November 15, 2024). Ethereum RSI reflects this at 66, with a level of key support which maintains $ 2,480 during minor withdrawals around 2:00 p.m. (Source: TradingView, November 15, 2024). The volume analysis reveals a sustained increase, the volume of negotiation of Bitcoin, reaching $ 28.5 billion, an increase of 14% compared to the day before, while the volume of Ethereum reached $ 15.3 billion, up 11% (source: Coinmarketcap, November 15, 2024). The mobile averages also paint an upward image, BTC crossing its EMA from 50 hours to $ 58,900 and ETH exceeding its EMA from $ 50 to $ 2460 at 12:00 p.m. (Source: TradingView, November 15, 2024). For merchants who envisage an analysis of the cryptographic market and digital currency negotiation strategies, these indicators suggest a continuation of short -term bullish trends. In addition, although this news is not directly linked to AI tokens, the broader market of the market could raise AI-Crypto projects like Fetch.ai (FET), which saw a price increase of 2.5% to $ 1.35 to 15:00, with a commercial volume of 10% to 98 million dollars (Source: Coinmarketcap, November 15, 2024). The correlation between macroeconomic policies and the feeling of the cryptography market remains a critical factor for traders to monitor in the evolutionary landscape of cryptocurrency investment opportunities.
In summary, the announcement of President Trump’s tax pricing policy on November 15, 2024 catalyzed notable movements on the cryptocurrency market, offering usable information for merchants. Keep an eye on Bitcoin trading volumes, Ethereum price trends and chain data is essential as this policy develops. For those who explore how to exchange cryptocurrencies in the midst of these events, focus on technical indicators and market feelings can reveal profitable opportunities in this dynamic environment.
FAQ section:
What impact did President Trump’s announcement have on Bitcoin prices?
President Trump’s announcement on November 15, 2024, at 10:30 a.m., resulted in a 3.2% increase in Bitcoin prices, going from $ 58,200 to $ 60,060 to 12:30 p.m., as indicated by CoinmarketCap.
How did Ethereum react to the news of tax pricing policy?
Ethereum experienced a price increase of 2.8% after the announcement, going from $ 2,450 to $ 2,519 between 10:30 a.m. and 12:30 p.m. HNE on November 15, 2024, according to tradingView data.
