Trump Media Transfers 2,650 BTC Amid Financial Struggles

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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Bitcoin Transfer: Trump Media transferred 2,650 BTC to Crypto.com, valued at approximately $205 million, amid an estimated $455 million unrealized loss, highlighting the pressure on its cryptocurrency strategy.
Previous Transfer: This transfer follows a previous movement of 2,000 BTC four months ago, valued at around $175 million, indicating ongoing adjustments in the company's management of crypto assets.
ETF Application Withdrawal: The transfer occurred shortly after Trump Media withdrew its application for a spot Bitcoin ETF, with analysts suggesting that the decision was driven by intensified market competition rather than regulatory barriers, reflecting a strategic shift in the company's crypto investment products.
Increased Financial Pressure: Trump Media reported a first-quarter net loss of $405.9 million, a significant rise from the $31.7 million loss a year earlier, with revenue at only $871,200, leading to heightened investor scrutiny on how the company will manage its remaining Bitcoin reserves.

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Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.609	1.777	1.924	2.092	2.239	2.407	2.554
Fibonacci	1.777	1.897	1.971	2.092	2.212	2.286	2.407

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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