Trump crushed the cryptocurrency market
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Trump pressure on markets
While the market was waiting for Trump to implement important crypto regulations with his transition to the Presidency, his own meme coin came first, and then he issued crypto money in the name of his wife. It reached a total value of $90 billion in just two days. As if that wasn’t enough, one of his consultants victimized everyone by making $300 million in sales after releasing TikTok coin, and then deleted his posts.
MELANIA coin craze has begun
Countless originals or fakes at once Trump The investor caught in the related meme coin craze started running from one project to another like a headless chicken with the dream of getting rich quickly. Naturally, liquidity in the market has moved away from concepts such as artificial intelligence, artificial intelligence agent, real world assets and towards this field.
BTC ve Ethereum Affected by these outflows, it entered a downward trend. Many major coins or venture projects that were already at the support point experienced significant withdrawals. Trump’s failure to mention cryptocurrencies at his oath ceremony caused all related coins to collapse.
During the inauguration alone, $1.18 billion was liquidated in leveraged transactions. Especially the investors who were waiting for the TRUMP coin to be released were disappointed. The market also could not resist this decline, and the long-awaited rise was replaced by disappointment.
The investor who linked all movements to Donald Trump with his ambition to get rich quickly, actually pulled his own rope. Since there has been no move towards cryptocurrencies on the Trump side yet, the market has remained inactive.
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