Why Official Trump Cryptocurrency Is Surging
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The crypto market has been rocking after a tumultuous 24 hours, with Bitcoin falling below $100,000, sending liquidation above $1 billion.
About 406,000 traders were cleared during the period, resulting in liquidation positions totaling $1.18 billion, according to the data. About $921 million was attributed to long liquidations, while short liquidations accounted for about $260 million.
Bitcoin's value has fallen more than 6% from its daily high of $106,300 to around $99,700 on Jan. 19. 카지노사이트
The plunge is similar to the previous market crash on Jan. 7, when bitcoin also suffered significant losses and bottomed out to just over $90,000 on Jan. 13.
Ether led the liquidation in the altcoin market, with more than $207.5 million in liquidation at long positions, followed by Bitcoin. Other cryptocurrencies including XRP, Dogecoin, Cardano and Avalanche posted double-digit percentage declines.
Market sentiment appears to be shifting, with crypto trader "Bluntz" noting on social media that "there's the best signal everywhere" and suggesting investors may be wise to re-evaluate their positions.
Recently, the hype surrounding Donald Trump's Mimecoins has also faded, with the token plummeting more than 40% in just a few hours after hitting a peak value of $70 billion. 토토사이트
The decline coincided with the launch of a separate token by Melania Trump, which achieved more than $13 billion in verification shortly after its launch. 카지노사이트
Bitcoin Breaks Record, Dollar Drops On Trump Inauguration Day
Bitcoin soared to a daily high of $109,225 and then fell again, according to the CoinDesk index. It traded below $105,000 shortly after Trump took office. 바카라사이트
Investors were expecting Trump to issue a series of executive orders within hours of taking office, including border controls, energy and a government overhaul. 메이저사이트
"When those executive orders are issued and their implications are analyzed, it will have an impact on the market," said Susanna Streeter, head of funding and markets at Hargreaves Lansdown.
Stryter said that would likely keep asset prices volatile. "Some of the worst fears might not materialize, while there might be a sudden movement."
U.S. Stocks made big gains last week following strong bank earnings and an inflation report that underlying price pressures were easing. But many investors are bracing for potential turmoil and expressing concerns that Trump's promised policies, such as heavy tariffs, could re-accelerate inflation. That would have far-reaching implications for markets and Federal Reserve policy.
Asian stock indexes rose on Monday. Trump and Chinese leader Xi Jinping spoke by phone on Friday, and Trump told advisers he wanted to visit China after taking office, the Journal reported. The Chinese-owned social media app TikTok, which has raised optimism, began restoring services for U.S. Users on Sunday, hours after the shutdown.
Hong Kong's Hang Seng rose 1.7%, while the Shanghai Composite Index edged higher. In Europe, the broader Stoxx Europe 600 gained less than 0.1%.
Brent crude futures, the international crude benchmark, fell more than 1% to trade below $80 a barrel. 파워볼사이트
