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TooTooDooToo
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judging by the chart, I feel either a breakout up or down during the next day, but act at your own risk, in general, as always.
#BIO
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Why is $BTC price up today? Bitcoin’s price surged to a new record high just hours ahead of Donald Trump’s inauguration as the 47th president of the United States. On Jan. 20, BTC’s price rose slightly over 8% to reach its all-time high of $109,356 (data from Bitstamp). The cryptocurrency has risen by around 70% since Trump’s election win in November. Bitcoin’s gains today come in the hours leading up to Trump’s taking charge of the White House. Trump plans to leverage his executive authority to ease regulatory constraints on cryptocurrency businesses and encourage the adoption of digital assets during his initial days in office For instance, he has pledged to incorporate Bitcoin into the US Strategic Reserve, which has sparked significant speculation. As of Jan. 20, bettors assign a 58-60% probability to this proposal becoming a reality in the first 100 days after Trump takes office, according to Polymarket. Bitcoin ETFs attract $2.35B in three days Another positive catalyst for BTC’s price came after the assets under management by US Bitcoin ETFs reached a record high. As of Jan. 17, the US spot Bitcoin exchange-traded funds were managing $38.16 billion worth of assets after $2.35 billion inflows over three consecutive days, according to Farside Investors data. This influx of capital indicates growing investor confidence in Bitcoin as a long-term asset, particularly among institutional players who use ETFs as a regulated, accessible means to gain exposure to BTC. BTC price symmetrical triangle hints at $128K next Bitcoin’s gains today are part of a weekly chart breakout from its prevailing symmetrical triangle pattern.
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Trump's crypto token() surges to $11.7 billion market cap, bitcoin hits record high.
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Biggest Bitcoin () Price Test Incoming, Remains Dominant: Eyes For $3.5, 45% Solana () Pump Might B
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$XRP Falls 11% In Bearish Trade XRP was trading at $2.9197 by 18:28 (23:28 GMT) on the Investing.com Index on Sunday, down 10.71% on the day. It was the largest one-day percentage loss since December 9, 2024. The move downwards pushed XRP's market cap down to $171.1230B, or 4.89% of the total cryptocurrency market cap. At its highest, XRP's market cap was $190.3902B. XRP had traded in a range of $2.9197 to $3.2341 in the previous twenty-four hours. Over the past seven days, XRP has seen a rise in value, as it gained 19.46%. The volume of XRP traded in the twenty-four hours to time of writing was $13.7757B or 4.76% of the total volume of all cryptocurrencies. It has traded in a range of $2.3363 to $3.3954 in the past 7 days. At its current price, XRP is still down 14.01% from its all-time high of $3.40 set on January 16. Elsewhere in cryptocurrency trading Bitcoin was last at $100,919.9 on the Investing.com Index, down 3.46% on the day. Ethereum was trading at $3,182.39 on the Investing.com Index, a loss of 3.02%. Bitcoin's market cap was last at $2,001.6043B or 57.23% of the total cryptocurrency market cap, while Ethereum's market cap totaled $384.5872B or 11.00% of the total cryptocurrency market value #xrp
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$TRUMP Meme Coin’s Market Cap Loses $6B in Value Before His Swearing-In President-elect Donald Trump launched a digital token over the weekend that drew billions in trading volume initially. However, it plunged on Monday before his inauguration, disrupting the crypto market. The Official Trump ($TRUMP) token launched on Solana on Jan. 18 and quickly soared to over $15b in market capitalization by Saturday. However, by Monday, it dropped to $9b, wiping out $6b in value. Trump returns to the White House on Jan. 20. Investors will focus on his inauguration speech to gauge his immediate policy plans. Meme coins tied to high-profile individuals or events are famously volatile. The drop to $9b could stem from investors cashing out profits, doubts about the token’s long-term value and the speculative nature of meme coins. The $TRUMP website shows that CIC Digital, linked to the Trump Organization, and Fight Fight Fight, its co-owned entity, hold 80% of the meme coin. This concentrated supply could spark fears of market manipulation or a mass sell-off after lock-up periods, potentially driving the price down. On Monday, 10X Research said that TRUMP came Binance’s most actively traded coin. Its 24-hour trading volume hit $6.3 billion, surpassing $SOL’s $5.4 billion and even $BTC’s $5.1 billion. “While many dismiss TRUMP ust another meme coin, it is more accurately classified as a ‘fan token.’ Holders use it to celebrate the market gains following his November election and express support for potential crypto-friendly policies under Trump’s new administration,” the firm said. As a fan token, it potentially provides utility by offering airdropped perks like exclusive event access, news and other gated benefits directly to the holders’ wallets, it added. #TRUMP
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