Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Trump Media and Technology Group (DJT) stocks’ rally extends, gaining over 18% today

Source Cryptopolitan

The Trump Media and Technology Group stocks DJT continued to see steady rise on October 14, pushing the growth seen by the stock before the Trump rally in Pennsylvania. DJT jumped by over 18% today, reaching $29.95 at the time of writing. Charts show that the stock briefly hit above $30 before dropping to $29.

DJT stock came into the markets in March as a meme stock, depending greatly on Trump’s success, especially in the upcoming November elections. Multiple prediction sites, including Polymarket and Kalshi, are placing Trump ahead. However, two of their counterparts, including FiveThirtyEight and RealClearPolitics, are placing Kamala Harris ahead.

According to Forbes, the increased price in DJT stocks has boosted Donald Trump’s net worth by approximately $530 million. The former president and renowned businessman owns 57% of the shares of the Trump Media. The Forbes real-time tracker also ranks Trump as the 603rd wealthiest person globally, with a net worth of approximately $5.5 billion.

DJT stock price fluctuates

Trump Media stock has had a rocky Q3, experiencing significant lows and notable losses. The second quarter was also similar, with the DJT dropping to a 4-month low and tanking Trump’s net worth by $170 million.

The stock’s good performance has been combined with significant developments, including the recent launch of the Truth+ TV streaming service, which will be accessible on Android and iOS devices.

Notably, Trump Media and Technology Group stocks, DJT, spiked significantly after Trump’s failed assassination attempt in July, increasing by approximately 50%. Truth Social also increased by approximately 41%, reaching $41. The failed assassination event further influenced the prices of other Trump-related stocks, such as RUM.

Pangaea’s founder, Terry Haines, explained that the assassination attempt was a major political event. Haines still noted that the attempt would only have a short-term boost to Trump’s candidacy.

“The logic of this doesn’t match up. … It’s a terrible event but that does not mean voters are going to be much more likely to [vote for him.]”

– Terry Haines, Founder of Pangaea

In a recent event, the DJT stocks dropped significantly after closing the stock’s lock-up period. The lock-up period expiry in September would allow stakeholders to transfer or trade their shares. The former president still mentioned that he did not plan to sell his shares, explaining DJT as an aid to get his word out.

Elon Musk contributes to the current DJT price boost

Elon Musk’s appearance during the recent rally boosted voter confidence in Trump and has fueled the continuing DJT rally. The SpaceX and Tesla founder and CEO appeared enthusiastic during the rally, reiterating that winning for Trump was necessary. Musk’s speech saying that he was a ‘dark MAGA’ reportedly resonated with attendees.

The SpaceX CEO has asserted himself as a Trump supporter over the years. In July, Musk tweeted that he would donate to the America PAC, which supports ‘meritocracy and individual freedom.’ According to Musk, the Republicans, while not entirely there, supported merit and freedom.

Trump has also shown interest in Elon Musk’s contribution in case he wins the elections, the former president recently said that he would have Musk in his cabinet, mentioning the SpaceX CEO’s business skills.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.

Author FXStreet

Aug 22, 2023

Prioritize filling the $27,000 gap and even try higher.

Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

Nov 17, 2025

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetite Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Author FXStreet

Jun 18, Thu

Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

WTI consolidates below $72.00 as traders monitor geopolitical developments West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.

Author FXStreet

Yesterday 01: 25

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.

Gold recovers above $4,100 as traders assess US-Iran conflict Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

Author FXStreet

Yesterday 01: 28

Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

Popular Symbols