Ada, Xrp, Link, And Arb Holders Eagerly Await Trump's Speech At Bitcoin 2024

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• Bitcoin has risen by 1% in the last 24 hours as investors and traders eagerly await pro-crypto Presidential candidate Donald Trump's appearance at the Bitcoin 2024 convention in Nashville, Tennessee.
• BTC is aiming to cross its new support level of $67,800 before moving towards the updated resistance zone at $68,000. However, historical data shows that Bitcoin's price may consolidate for a short period before another rally.
• Meanwhile, crypto whales have been busy accumulating Ripple (XRP), Cardano (ADA), Chainlink (LINK), and Arbitrum (ARB) as they believe the tokens could surge following the convention and are confident in recent developments surrounding them.

Donald Trump's endorsement of Bitcoin this election cycle has been a major boost for the cryptocurrency market. The world's largest cryptocurrency managed to claw back most of its losses from this week as traders and investors eagerly await the former President's appearance at the Bitcoin 2024 conference in Nashville, Tennessee.

Trump's Bitcoin 2024 Speech Could Trigger Market-Wide Surge

Interestingly enough, BTC has gained more than 1% as Trump is set to speak at the world's largest crypto conference today. The 45th President's pro-crypto stance has become a cornerstone for the Bitcoin and crypto market.

The price chart shows that Bitcoin is trying to get close to the new support level of $67,800. Analysts pointed out two reasons for the latest surge: Trump's appearance at the Bitcoin 2024 convention and the Bitcoin ETFs seeing a rise in inflows for the first time since mid-March.

On the other hand, the liquidation data for Bitcoin shows that a huge number of short traders got liquidated over the last 24 hours, indicating a bullish market movement. Data from IntoTheBlock shows that 93% of the investors are "in the money" for Bitcoin and 7% are "at the money".