DIDDY Price (DIDDY)

DIDDY Price (DIDDY)

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Coinpedia
2 hours ago
Why Is Crypto Crashing Today?

The post Why Is Crypto Crashing Today? appeared first on Coinpedia Fintech News

The crypto market is facing a massive sell-off, wiping out over $400 billion in just 24 hours. Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin have all taken a hit, with some dropping by nearly 20%. But what’s causing this sudden crash? Let’s dive into the key reasons behind the turmoil.

Trump’s Tariff War Sparks Fear

One of the biggest reasons behind the market drop is the recent trade war sparked by former U.S. President Donald Trump. Declaring a national emergency under the 1977 International Emergency Economic Powers Act (IEEPA), Trump imposed strict tariff rules, 25% on Mexico and Canada and 10% on Chinese imports.

pic.twitter.com/SWZtSm6NMX

— Donald J. Trump (@realDonaldTrump) February 1, 2025

The market reacted instantly, fearing higher prices, rising inflation, and economic instability. As a result, U.S. stock indexes fell sharply, dragging the crypto market down with them. 

Bitcoin Network Activity Slows Down

Aside from external economic factors, Bitcoin’s network activity has declined significantly. Data from CryptoQuant shows that the mempool is nearly empty. This means fewer transactions are taking place, which is unusual for Bitcoin.

Additionally, Bitcoin transaction fees have fallen to just 1 sat/vB, signaling low demand for block space. This is the lowest level of activity recorded since March 2024.

Crypto Sees $2.18 Billion in Liquidations

The market has also seen a wave of liquidations, with over $2.18 billion worth of crypto positions being wiped out in a day, affecting more than 715,000 traders.

Long traders suffered the most, losing $1.85 billion, while short traders lost around $334 million. The largest single liquidation happened on Binance, where one trader lost $25.64 million in a single trade.

Stronger U.S. Dollar Adds Pressure

Another factor weighing down Bitcoin is the strengthening U.S. dollar. The U.S. Dollar Index (DXY) has surged to 108.50, while the 10-year Treasury yield has risen above 4.54%. 

Historically, Bitcoin moves in the opposite direction of the dollar and Treasury yields, meaning a stronger dollar often leads to lower BTC prices.

Bitcoin’s Critical Support Level

Currently, Bitcoin is struggling to hold above $93,000. If it falls below the psychological support level of $90,000, analysts warn that further declines could be ahead. Meanwhile, the Crypto Fear & Greed Index has fallen to 38, shifting from Neutral to Fear.

However, if BTC manages to recover and break above $95,000, it could regain its bullish momentum.

    EyeOnChain
    3 hours ago

    🐋 Whales Always Know! 6-Year #dormant Ethereum Wallet Dumps $228M Before Crash 👀
    Right before the market took a hit, a legendary Ethereum whale woke up after 6 years and deposited all 77,736 $ETH ($228.6M) into Bitfinex about 10 hours ago.
    The crazy part? This whale originally withdrew the same ETH from Bitfinex on Jan 5, 2019, when #ETH was just $153 per coin—totaling only $11.9M back then!
    Did they know the crash was coming, or are they just the ultimate profit sniper?

      Cryptopolitan
      3 hours ago
      President Trump Says the Fed Was Right to Stop Cutting Interest Rates

      President Donald Trump stunned reporters on Sunday night when he praised the Federal Reserve’s decision to hit pause on its rate cuts. “I’m not surprised,” he said as he arrived in Washington aboard Air Force One. “Holding the rates at this point was the right thing to do.”

      Now this is a complete 180 for a man who spent much of the past year relentlessly demanding that the Fed cut rates immediately. During his second day back in office, Trump flatout said he was gonna force chair Jerome Powell into cutting rates one way or another.

      Ignoring him as per usual, the Federal Open Market Committee (FOMC) last week voted unanimously to hold the federal funds rate between 4.25% and 4.5%. The decision came amid fears that inflation could spike again, driven by Trump’s own economic policies, including the tariffs he just launched and of course the immigration crackdowns.

      Still, Mr. Trump continues to push his economic agenda. At the World Economic Forum in Davos, Switzerland, just days before the Fed’s decision, he told global leaders that the U.S. economy needed lower interest rates to stay competitive.

      “If I disagree [with the Fed’s decision], I will let it be known,” he told reporters from the Oval on Thursday, targeting Fed Chair Jerome Powell directly, who by the way said he had absolutely no comments about the president at his post-minutes press conference, as Cryptopolitan reported.

      Trump’s incoming trade wars keep pressure on inflation

      February 1st saw chaos as the S&P 500 hit an all-time high before investors began bracing for possible fallout from rising prices. The tariffs are creating bottlenecks and adding costs for companies that rely on foreign goods as well as innocent Americans, pushing inflation higher.

      Wall Street is so mad at Trump right now. Investors know that if inflation doesn’t cool soon, it will certainly block further growth. The personal consumption expenditures (PCE) price index, a key measure of inflation, jumped to 2.6% in December from 2.4% in November, according to the U.S. Commerce Department.

      Core PCE, which strips out food and energy costs, remained steady at 2.8%—still above the Fed’s 2% target. The Fed’s rate cut pause is meant to give policymakers time to see if inflation finally starts declining.

      Powell holds his ground anyway

      Powell, who has been a consistent target of Trump’s public outlash, made it clear that the central bank won’t base its decisions on political interference. The Fed cut rates three times in late 2024 when they saw it fit to, and are now holding because they see it fit to, according to chair Powell.

      But Trump believes that: “I think I know interest rates much better than they do.” Trump even said during his campaign in August that the president should have a direct say in monetary policy. While this idea has been dismissed by economists and even his own people as risky, Trump continues to hint at changes that could give him more influence over the Fed’s decisions.

      Asked whether he believed Powell would listen to him, Trump snickered before giving a condescending “Yeah.” The confidence is typical of Trump, but Powell’s past actions suggest otherwise. The Fed chief has resisted political pressure before, and he’s doing it again, with no fear at all.

      But despite their differences, Powell and Trump do agree on one thing: the need for a stable U.S. economy. But their approaches couldn’t be more different. Trump wants rapid rate cuts to keep borrowing cheap and markets booming. Powell, on the other hand, is focused on keeping inflation under control without triggering a recession.

      The January pause could be temporary. If inflation shows signs of cooling, the Fed might consider more rate cuts later this year. But for now, Powell is playing it safe, and Trump—in spite of himself—seems to be on board.

      Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

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              DIDDY Price (DIDDY)

              Not listed
              Currency:USD-$
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              INR-₹
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              PEN-S/.
              CHF-CHF
              KES-KSh
              QAR-ر.ق
              CNY-¥
              PHP-₱
              UAH-₴
              RUB-₽
              TWD-NT$
              BGN-лв
              SAR-ر.س
              KWD-ك.د
              COP-COL$
              UGX-USh
              ZAR-R
              DKK-KR
              NZD-NZ$
              KZT-₸
              MAD-م.د.
              THB-฿
              PKR-₨
              BOB-$b
              BHD-.د.ب
              TRY-₺
              ARS-ARS$
              BDT-৳
              MXN-Mex$
              SEK-kr
              HUF-Ft
              HRK-kn
              JPY-¥
              AED-د.إ
              CAD-C$
              AUD-A$
              EGP-E£
              MNT-₮
              RON-lei
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              DIDDY to USD:
              1 DIDDY equals $0.000022 USD-7.11%1D
              Note: This coin is not listed on Binance for trading and services. You can refer to our How to Buy DIDDY guide.
              DIDDY to USD:
              1 DIDDY equals $0.000022 USD-7.11%1D
              Page last updated: 2025-02-03 07:27 (UTC+0)
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              Note: This information is for reference only.

              Price of DIDDY today

              The live price of DIDDY is $0.000022 per (DIDDY / USD) with a current market cap of $0 USD. 24-hour trading volume is $397.15 USD. DIDDY to USD price is updated in real-time. DIDDY is -7.11% in the last 24 hours with a circulating supply of 0.
              DIDDY Price History USD
              Date ComparisonAmount Change% Change
              Today$-0.000002-7.11%
              30 Days$-0.000001-4.46%
              60 Days$-0.000007-25.09%
              90 Days$0.000007+43.50%

              DIDDY Market Information

              24h Low & High
              Low: $0.000022
              High: $0.000024
              The highest and lowest price paid for this asset in 24 hours.
              All Time High
              $0.22556
              The highest price paid for this asset since it was launched or listed.
              Price Change (1h)
              0%
              The percentage change in price for this asset compared to 1 hour ago.
              Price Change (24h)
              -7.11%
              The percentage change in price for this asset compared to 24 hours ago.
              Price Change (7d)
              -11.12%
              The percentage change in price for this asset compared to 7 days ago.

              DIDDY Market Information

              Popularity
              #7260
              Popularity is based on the relative market cap of assets.
              Market Cap
              $0
              Market cap is calculated by multiplying the asset's circulating supply with its current price.
              Volume (24hours)
              $397.15
              The total dollar value of all transactions for this asset over the past 24 hours.
              Circulation Supply
              0
              The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
              Total Maximum Supply
              --
              The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
              Fully Diluted Market Cap
              $22,259.34
              The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

              People Also Ask: Other Questions About DIDDY

              What Is the Current Price of DIDDY?

              The current price of DIDDY (DIDDY) is $0.000022. Top cryptocurrency prices are updated in real-time on Binance's price directory.

              What Is the Market Cap of DIDDY?

              The current market capitalization of DIDDY (DIDDY) is $0. Explore top gaining cryptocurrencies by market cap and 24-hour trading volume on Binance.

              What Is the Circulating Supply of DIDDY?

              The current circulating supply of DIDDY (DIDDY) is 0.

              What Is the All Time High of DIDDY?

              The all-time high of DIDDY (DIDDY) is $0.22556. Explore user price targets and project confidence levels for various coins - known as a Consensus Rating - on our crypto price prediction pages.

              What Is the All Time Low of DIDDY?

              The all-time low of DIDDY (DIDDY) is $0.000015. Head to our altcoin directory to discover today's gainers and losers.

              What Is the 24-hour Trading Volume of DIDDY?

              The 24-hour trading volume of DIDDY (DIDDY) is $397.15. Discover the most traded cryptocurrencies on Binance and their trading volume in the past 24 hours.

              How To Buy DIDDY on Binance?

              This DIDDY (DIDDY) is currently not available on Binance for purchase or trade. Stay updated about newly listed cryptocurrencies and refer to our How to Buy Coins guides for tokens available on Binance.

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