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Lunam Points
US President Donald Trump is in the news today after having announced a major policy change. After many deliberations, the American president has made a break during the price war for 90 days.
Thanks to the same thing, the wider cryptocurrency reacted suddenly and positively.
Source: X
In an article on X (formerly Twitter), said Trump,
“I authorized a 90 -day break and a reciprocal rate considerably reduced during this period, by 10%, also with effect immediately. Thank you for your attention to this business! ”
Following this announcement, not only did the cryptocurrency market pushed, but the wider financial market also increased. Thanks to the same thing, investors and traders in difficulty finally found a certain relief from the markets.
This is not all, however, with the president added soon,
“It’s time to buy !!! Djt. ”
It is worth emphasizing, however, that this declaration appeared before announcing the 90 -day price break. This raised concerns and accusations that he could be involved in the offense of initiate, as Senator Adam Schiff claims on Wednesday.
Source: X (formerly Twitter)
In addition to these allegations, however, the cryptocurrency market seems healthy and now sees a strong dynamic upwards. In particular with the main assets recording impressive price overvoltages.
Bitcoin (BTC) increased from $ 76,000 to $ 82,000 in a few hours, while Ethereum (ETH) skyrocketed by 16% to recover the level of $ 1,680. In addition, XRP and Solana (soil) also recorded gains by more than 15%.
The tastes of Dogecoin (Doge), Shiba Inu (Shib), Pepe (Pepe), Bonk (Bonk), Fartcoin (Fartcoin) and Trump (Trump) also skyrocketed 9%, 13%, 8.5%, 11%, 37%and 7%, respectively.
Despite this notable rally, the great cryptocurrencies are still far from their peaks of all time. For example – XRP is still down more than 45% compared to its peak, soil of more than 65% and Doge of more than 80% compared to the peak in 2021.
This clearly shows that a daring title can change everything, from the feeling of the market to the entire structure of the market.
post url: https://altcoin.observer/why-is-the-cryptography-market-today/