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Oo Wai
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#BinanceSeason
WOTD 5 LETTERS today…
“TRUST”
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#BTCBreaksATH Trump, of course, has claimed credit for some of BTC’s price highs dubbing it the “Trump effect” in action. In the last 24 hours, bitcoin’s trading volume escalated to $78.49 billion. This heightened activity suggests that market participants are rapidly responding to these recent valuation shifts, perhaps seizing the opportunity provided by the price decrease or divesting their stakes to mitigate losses.
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#ItsStillEarly 21st Jan 2025 WOTD 3 Letter “ERA”
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#TrumpMarketInsights $BTC In crypto derivatives markets, data from coinglass.com indicates $826.58 million in trades were liquidated in the last 24 hours. Of this total, $553.2 million consisted of long positions. During the same period, 278,464 traders saw their positions liquidated across the derivatives sector. Bitcoin and ethereum led these liquidations, with BTC longs accounting for $214 million. Additionally, $34.81 million in TRUMP long positions were wiped out, contributing to the day’s broader derivatives losses.
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$TRUMP #TrumpMarketInsights Contrary to predictions that BTC prices might climb following Trump’s swearing-in ceremony, the asset instead declined more than 5.7% against the U.S. dollar, triggering declines across several other cryptocurrencies. Despite this dip, most coins, including bitcoin, still traded higher than their prices from the previous day. The global cryptocurrency market’s overall valuation currently stands at $3.55 trillion, reflecting a moderate 1.5% uptick.
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