- Trump’s “Bitcoin Renaissance”:Former President Donald Trump, now a major Bitcoin investor, signaled a more crypto-friendly stance. His shift from a past crypto skeptic to a powerful ally in the White House gives investors confidence, especially with digital asset values climbing.
- Easing China tensions: A contributing factor to the market rebound was President Trump softening his recent rhetoric on China, which had initially spooked risk-asset markets.
New investment products hit the market
- Bitcoin ETFs: Calamos Investments announced the launch of three “Laddered Bitcoin Structured Protection ETFs.” These new products, a first of their kind, offer varying levels of downside protection (100%, 90%, and 80%) and are designed for portfolio diversification.
- Caution remains: The recent crash and the ongoing U.S. government shutdown mean that market volatility is likely to continue. Some analysts see a potential retest of the $100,000 level if Bitcoin fails to reclaim key resistance areas, while others remain bullish on the long-term prospects.
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