- News on the Blockchain
- Posts
- Trump Team Considers First-Ever White House Crypto Role
Trump Team Considers First-Ever White House Crypto Role
News on the Blockchain
November 21, 2024
@newsontheblockchain, November 21, 2024
Confidence in Knowledge. Providing daily news to make sure you're up to date!
🌍 Daily Crypto Market Overview
Global Stats:
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 762
Market Cap: $3.18T (+2.41%)
24h Volume: $203.95B (+13.94%)
Bitcoin Dominance: 60.3%
Ethereum Dominance: 11.9%
ETH Gas Price: 9.01 Gwei
Fear & Greed Index: 85 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $97,073.36 | +3.97% | $1.92T | $90.59B |
Ethereum (ETH) | $3,143.94 | +0.51% | $378.62B | $35.18B |
Tether (USDT) | $1.00 | +0.05% | $130.20B | $163.23B |
BNB (BNB) | $612.76 | +0.32% | $88.24B | $2.41B |
Solana (SOL) | $242.45 | +1.59% | $115.07B | $7.25B |
💹 Market Highlights:
Total DeFi Volume: $8.85B (4.34% of total market)
Stablecoins Volume: $186.65B (91.52% of total market)
Coin with highest % change: MAD (+38.40%)
🔥Heat Map:
📈 Preview On Today’s News:
- Trump Team Considers First-Ever White House Crypto Role
- MicroStrategy Plans to Raise $2.6 Billion for More Bitcoin Purchases
- MicroStrategy Hits $100B Market Cap Amid Bitcoin Surge
Keep reading for more!
Today’s Important News:
1)
Trump Team Considers First-Ever White House Crypto Role
Following his victory in the 2024 presidential election, President-elect Donald Trump is reportedly considering the creation of a new White House position focused solely on digital asset policy. His transition team is discussing the potential role with cryptocurrency executives, and Trump has already nominated pro-Bitcoin figures like Howard Lutnick for key positions. This move signals the administration's commitment to supporting the crypto industry, which has already seen significant market growth post-election, with Bitcoin surpassing $94,000.
Trump’s transition team is considering creating the first-ever White House crypto role focused on digital asset policy.
Pro-crypto appointments, including Howard Lutnick as Commerce Secretary, signal strong support for the cryptocurrency industry under Trump’s second term.
2)
MicroStrategy Plans to Raise $2.6 Billion for More Bitcoin Purchases
Michael Saylor's MicroStrategy continues its aggressive Bitcoin acquisition strategy, announcing plans to raise $2.6 billion to purchase additional Bitcoin. This follows a recent increase from $1.75 billion in funds allocated for Bitcoin purchases. The company has successfully leveraged this strategy, with its stock surging as a result, and it continues to receive backing from major investors such as Vanguard. MicroStrategy recently bought $4 billion in Bitcoin, and its efforts are set to continue as Bitcoin reaches new all-time highs.
MicroStrategy is raising $2.6 billion to buy more Bitcoin, up from $1.75 billion, continuing its successful accumulation strategy.
The company has seen significant success with its Bitcoin investments, with its stock surging and major investors like Vanguard increasing their positions.
3)
MicroStrategy Hits $100B Market Cap Amid Bitcoin Surge
Michael Saylor’s MicroStrategy has surpassed a $100 billion market cap, bolstered by its aggressive Bitcoin acquisition strategy. The company recently purchased $4.6 billion worth of Bitcoin, bringing its total holdings to over 331,200 BTC, valued at more than $30 billion. This move aligns with the broader Bitcoin market surge, which recently reached all-time highs, contributing to MicroStrategy's stock growth of over 500% this year. The company’s stock has entered the top 100 public companies in the U.S., and it plans to raise $2.6 billion to further expand its Bitcoin holdings.
MicroStrategy’s market cap surpassed $100 billion, driven by its Bitcoin strategy, with holdings now valued at over $30 billion.
The company’s stock has surged by over 500% in 2024, breaking into the top 100 U.S. public companies and seeking an additional $2.6 billion to buy more Bitcoin.
