Bitcoin News: Ross Ulbricht’s Odds of Trump Pardon Hit 82% as Bitcoiners Rally Behind Silk Road Founder

The Bitcoin community is rallying behind Silk Road founder Ross Ulbricht, with an 82% chance of a presidential pardon from Donald Trump, according to bets on the Kalshi prediction market. Trump has promised to commute Ulbricht's sentence on his first day in office, a pledge he reiterated at both the Libertarian Party’s National Convention in May 2024 and the 2024 Bitcoin Conference in July 2024.

Ross Ulbricht’s Odds of Trump Pardon Hit 82% as Bitcoiners Rally Behind Silk Road Founder

The Bitcoin community is rallying behind Silk Road founder Ross Ulbricht, with an 82% chance of a presidential pardon from Donald Trump, according to bets on the Kalshi prediction market. Trump has promised to commute Ulbricht's sentence on his first day in office, a pledge he reiterated at both the Libertarian Party’s National Convention in May 2024 and the 2024 Bitcoin Conference in July 2024. Bitcoin enthusiasts remain optimistic that Trump will follow through on his promise within his first 100 days in office.

Court Jails Crypto Exchange Operator Who Took BTC to Spy for North Korea

A South Korean crypto exchange operator has been sentenced to four years in prison for leaking military secrets to North Korean hackers in exchange for Bitcoin (BTC) payments. The individual, surnamed Lee, received 700 million won ($480,000) worth of BTC from a person believed to be a North Korean hacker. Lee was also suspended from working in similar roles for an additional four years.

Bitcoin Price Stays Above $100K: Calm Before the Next Surge?

Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin price started a decent upward move above the $100,000 zone. BTC was able to climb above the $102,500 and $103,800 levels. A high was formed at $106,246 and the price recently started a downside correction. There was a drop below the $104,000 and $103,500 levels.

Bitcoin’s Rally – Fueled by FOMO or the Start of a Bigger Trend?

Bitcoin has experienced a significant surge this week, climbing by 17% after a recent dip to $89k. This rally is attributed to eased inflation pressures and political developments, including Trump’s return to the White House. The market's volatility suggests a potential breakout towards $110k, driven by fresh capital and extreme greed. The question remains whether this is a temporary spike or the beginning of a larger upward trend.

Bitcoin Price Skyrockets to New All-Time High Hours Ahead of Trump’s Inauguration

The cryptocurrency market has experienced significant volatility, with Bitcoin (BTC) surging to a new all-time high of nearly $110,000, adding approximately $10,000 within hours. This surge occurs just before the inauguration of President-elect Donald Trump. The market has been tumultuous, starting with the launch of a meme coin by the upcoming US president, which caused widespread market reactions. Following this, another meme coin was released by his wife, leading to a sharp decline in BTC and most altcoins, with BTC briefly falling below $100,000. However, the market quickly rebounded, with BTC leading a significant upward movement.