Sell on News ALT and $BTC Market Plunge
The market had rallied significantly in the days leading up to the inauguration make BTC create New ATH at $109.588,-. But it fell almost immediately when it was clear that Trump’s speech — his second inaugural address — would not include the topic.
In 24 Hours the total liquidation comes in at $742 millions.
The TRUMP and MELANIA tokens saw steep declines of 30% and 46%, respectively, amid market uncertainty during the inauguration.
Trump down from $77.4 to $30.40 and Melania from $12.83 to $3.28.
Are the teams from Trump Meme Coin and Melania Coin benefiting the most by cashing out profits from the retail market?
What is clear is that whoever it is, it is very easy to earn $ billion in just one or two days.
Is this a real occurrence of the practice of buying on rumors and selling on the news?
What is clear is that anyone whose portfolio does not store BTC has decreased by more than 30% in the past week. Because the upward movement of BTC is not accompanied by an upward movement from the ALT and the downward movement of the price of BTC is always followed by the downward price movement of the ALT.