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Bitcoin rallies with Trump Media's $112M BTC buy and chart signals 2023-style recovery pattern.

Market News
10 Nov 2026, 16:55 WIB
Coingape
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Bullish
Bitcoin rallies with Trump Media's $112M BTC buy and chart signals 2023-style recovery pattern.

Bitcoin is showing a price pattern similar to its 2023 rally, retesting a key moving average near $74,780, which could signal a continued recovery if supported. Trump Media & Technology Group disclosed it bought 1,510 BTC worth about $112 million in Q3 2026, increasing its total holdings to 15,649 BTC valued at approximately $1.31 billion. The company also holds significant crypto assets including 756 million CRO tokens and shares in BlackRock's Bitcoin ETF. This surge in crypto investments contributed to Trump Media's reported net income of $409.7 million in Q3, highlighting the impact of digital assets on its financial performance.

Bitcoin's recent rally echoes its 2023 momentum, coinciding with Trump Media's substantial BTC acquisition. On Pluang, Bitcoin trades at Rp1.349.479.269 with a slight 0.31% decline as of Nov 10, 2026 22:22 WIB. Meanwhile, Cronos (CRO), another crypto held by Trump Media, is priced at Rp861 but shows a 1.61% drop, reflecting mixed short-term sentiment among investors.

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