May 28th 2025 – US Vice President JD Vance this week vowed pro-innovation rules for US digital assets like Bitcoin – and praised Bitcoin investors for supporting Trump in the 2024 presidential race. “We want our fellow Americans to know that crypto and digital assets, and particularly Bitcoin, are part of the mainstream economy and are here to stay”, said Vance at a Bitcoin investor event in Las Vagas, reports the Financial Times.
Trend’s Analysis (click chart to expand): Trend Intelligence uses a customized collection of trend-following signals, expressed in aggregate as a Trend Score, to demonstrate ongoing price trends across financial market indices and instruments.
In our Bitcoin chart, Trend Intelligence uses its R* Momentum Indicator to indicate that its R* Area (blue) and R* Signal Line (yellow) trade above the critical zero (horizontal) cutoff line. This is, and has shown over time to be, a positive trend signal.
In addition to our R* Momentum Indicator, Bitcoin continues to trade far above Trend’s medium-term (yellow) moving average and our Japanese Cloud indicator, shaded in blue. With respect to all indicators, Trend Intelligence remains positive on Bitcoin until the trend shows signs of ending.
Downside News: Mark Zandi, Chief Economist at Moody’s, cautions that both stocks and crypto are significantly overvalued. He attributes their current stability to the absence of a major bearish catalyst. Zandi expects that bond yields will contine soaring, leading to a rotation away from overvalued assets like stocks and crypto. At the same time, China is no longer buying U.S. bonds, and Japan is starting to reduce its purchases, reports Crypto News.
Upside News: The Trump administration has delivered a series of victories for the crypto community, including signing an executive order to create a strategic bitcoin reserve. The Securities and Exchange Commission has now dropped, paused or reached agreements in more than a dozen crypto cases and has also disbanded its crypto enforcement team, reports the Financial Times.
Authored by Trend Intelligence, London
