Bitcoin Price Hits New ATH After Trump Selects Howard Lutnick As Commerce Secretary, But Analysts Say Consider This PolitiFi Token For 10X Gains
The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $91,919 as of 11:22 a.m. EST on trading volume that dropped 2% to $75 billion. This comes as president-elect Donald Trump announced the nomination of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce. Lutnick has expressed strong support for Bitcoin, describing it as a transformative asset that could reshape the global financial system. The BTC price earlier surged to a new all-time high of $94,022. Bitcoin Price May Still Soar To A New High The Bitcoin price has strongly broken out of a bullish reversal pattern (Head and Shoulders) above the neckline at $65,100, confirmed by increasing volume and sustained movement above key moving averages. The steep rally after the breakout and higher highs indicate the continuation of an uptrend, according to data from GeckoTerminal . After the breakout rally, a smaller rising channel is developing at the curr...