Bitcoin rose more than 4% late Saturday to break above $60,000 as crypto reacted to news of an attempted assassination of Donald Trump.
Most tokens rose, with Trump related MAGA exploding more than 60%. Elsewhere, the attention that has gripped the crypto market has increased a notch, and poised to benefit is Poodlana (POODL), a new Solana meme coin launching on July 17.
Bitcoin price surges to $60k
Bitcoin struggled amid downside pressure over the past weeks as the German government dumped their BTC holdings on the market. Recent selling by crypto lender Genesis and the Mt. Gox repayments also contributed to the sell-off to under $54k.
However, BTC climbed above $58k after the German government sold its last coins. Then on Saturday, crypto fell briefly before reacting sharply higher.
Upside movement came as news of former US President Donald Trump surviving an assassination attempt hit the market.
Bitcoin price forecast: Analysts see bullish bias
While the shooting incident isn’t something to speculate around, analysts at market intelligence platform Santiment said Trump’s pro-crypto sentiments have made crypto holders largely bullish.
“As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result.”
Notably, the Bitcoin 2024 conference announced this week that Trump will speak at the event in Tennessee this July. This and other catalysts such as interest rate cuts and a potential Trump win in November could catalyse BTC price return to its all-time peak above $73k.
Standard Chartered analysts recently doubled down on their Bitcoin price prediction, seeing BTC at potentially $150k by end of year.
What is Poodlana?
Poodlana is a Solana-based meme coin that combines the high-end fashion world, crypto and Asia’s top fashion dog breed poodle.
The presale for the POODL token opens on July 17, offering an exclusive 30-day access to a meme coin that brings couture to crypto. A transparent and no-games approach will see POODL go live on its first DEX shortly after its presale ends on August 16.
For tokenomics, Poodlana offers a total supply of 1 billion. 50%, or 500 million are set for the presale and the stage 1 price will be $0.02.
By stage 10, POODL price will have increased to $0.0539. Meme coin enthusiasts eyeing the next big SOL meme coin may want to check out the Poodlana whitepaper for more details.
Poodlana price prediction
JP Morgan and Coinbase analysts have predicted a bullish flip for the crypto market in Q4. On July 14, BTC is up and likely poised to extend gains, while the rest of the market could also flip green amid trading debut for Ethereum spot ETFs.
Crypto also saw some huge regulatory news this past week after the SEC dropped investigations against stablecoin issuer Paxos and Stacks developer Hiro Systems. This and other potential catalysts such as Solana ETFs will help crypto meme coins.
Poodlana, whose launch comes amid these positives, could explode as meme coins ead the broader market.
With Asia as a major market for crypto, meme coins and Poodlana, investors are hyped at the potential for price discovery to catapult POODL higher.
Learn more about Poodlana here.
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