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’s $22B crypto bet takes center stage at Bitcoin MENA event

Source Cryptopolitan

The Bitcoin MENA Conference is about to kick off in Abu Dhabi, and this year’s gathering has some major players. US President-elect Donald Trump’s new crypto venture will reportedly take center stage at the conference which also features Eric Trump, Steve Witkoff, Justin Sun, and more.

The major event comes in when Bitcoin (BTC) is riding high on the bullish momentum and smashed $100K for the first time over Trump’s vows to make the US the crypto capital of the planet. BTC price is up by more than 62% in the last 60 days, depicting the sentiment of the investors.

Trump’s WLF set to take over?

As per reports, Eric Trump, executive Vice President of The Trump Organization and Donald Trump’s son will deliver the keynote address. Following that, he’ll be holding a private “whale-only” session for big investors who hold the power to move markets. However, the “Whale Pass” which gives an attendee VIP access is worth $9,999.

World Liberty Financial (WLF), a new crypto platform co-founded by the Trump family, is at the heart of the conference. With Donald Trump holding over 22.5 billion WLF tokens, this crypto venture is gaining some serious traction in the space

Justin Sun, the founder of Tron, had bought a massive $30 million worth of WLF tokens. He’s now the largest investor in the platform and moves like these, signal major confidence in the venture and the crypto market at large.

The conference comes at a crucial moment when Trump, once a crypto skeptic, has declared himself the “crypto president”. If his promises hold, the market could see major policy shifts in favor of crypto. The recent appointment of pro-crypto Paul Atkins as the new Securities and Exchange Commission (SEC) chair is one of those moves.

The event will also see Changpeng Zhao (CZ), the founder of Binance, speaking over much anticipated topics. India, the UAE, and other emerging markets are watching closely as global crypto leaders gather in Abu Dhabi.

Money still pouring into BTC ETFs

One of the biggest highlights of the year 2024, the launch of US Crypto ETFs, is turning out to be a game changer for the industry. Data suggests that almost $10 billion has poured into these investment funds since Donald Trump became president-elect.

Issuers like BlackRock, Fidelity Investments, and others have managed to draw $9.9 billion of net inflows in the period following Election Day on November 5. Bitcoin ETFs hold total net assets worth $112.74 billion (5.62% of Bitcoin Market Cap).

BTC ETFs reported a weekly net inflow of $2.73 billion (December 2 to December 6). This is the second-highest weekly net inflow in history. BlackRock’s IBIT had a weekly net inflow of $2.63 billion. The Bitcoin price saw a minor correction after hitting a legendary $104K. BTC is trading at an average price of $98,935, at press time. It is holding a market cap of over $2 trillion.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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

Recommended Articles

China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.

Author Irene Q.

Nov 10, Tue

China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

Nov 11, Wed

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Author TradingKey

Yesterday 02: 00

On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money left Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Author Irene Q.

Yesterday 03: 20

Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Popular Symbols