Here is what happened yesterday in the crypto market:
Inauguration Day Leads to $700M in Liquidations
Crypto markets experienced significant price swings as Donald Trump took office, resulting in around $700 million in liquidations. Traders’ hopes for cryptocurrency mentions during his inaugural speech were dashed as the president did not address the topic, leading to a steep decline in the popularity of certain tokens.
Read more
Bitcoin Holds Steady Above $100K
Despite the tumultuous circumstances, Bitcoin surprisingly held above the $100,000 mark. Traders continue to monitor the developments as MicroStrategy considers a share increase amidst the ongoing crypto volatility.
Read more
SEC Forms New Crypto Task Force
The SEC has established a new task force focused on cryptocurrency regulation, signaling a commitment to improving oversight in this area. This comes in the wake of leadership changes within the agency.
Read more
Trump-Family Memecoins Crash
The newly launched Trump-related memecoins faced a dramatic plunge following their introduction, highlighting the volatility that often accompanies tokens linked to political figures.
Read more
Bitcoin’s Volatility Climbs
Bitcoin recorded heightened volatility levels, with many traders actively participating in the derivatives market, anticipating more fluctuations in the coming days.
Read more
