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#MarketPullback MicroStrategy Inc.shares dropped 2.35% in overnight trading on Robinhood Markets on Tuesday, falling to $386.80 as cryptocurrency markets reacted to President Donald Trump‘s inauguration speech that notably omitted any mention of digital assets. The enterprise software company, which holds over $45 billion in BitcoinBTC/USD, had seen its stock surge 8.04% to $396.50 on Friday amid optimism about Trump’s anticipated crypto-friendly policies. The company’s executive chairman Michael Saylor attended a “Crypto Ball” last Friday where he met with Trump’s incoming cabinet members, fueling speculation about favorable cryptocurrency regulations. However, Trump’s inaugural address focused instead on traditional assets, declaring the start of a “Golden Age of America” – a reference that prompted Bitcoin critic Peter Schiff to highlight the president’s apparent preference for gold over cryptocurrency.
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#BinanceAcademy Today I received my certificate on completing the BNB Chain Developer Specialization Course. It's a great privilege for me to achieve this milestone on Binance.
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#MarketNews According to CoinShares, global investment in crypto funds increased 46 times last week to $2.195 billion, the highest in five weeks. Investments in Bitcoin rose by $1.903 billion, Ethereum by $246 million, XRP by $31 million, and Solana by $2.5 million. The SEC reported a surge in applications to launch cryptocurrency ETFs in the US, with more than a dozen applications submitted by major management companies in recent days. Following the change of administration in the US, MN Consultancy founder Michael van de Poppe highlighted significant growth potential in three categories of crypto assets: cryptocurrencies previously classified as securities by the SEC, including XRP, Matic, and Algorand; coins from World Liberty Financial's portfolio, such as Chainlink and Aave; and Ethereum ecosystem projects. On Polymarket, a prediction platform, voting on creating the Bitcoin reserve within the first 100 days of Trump's presidency indicated a shift in sentiment. The odds of a favourable outcome decreased from 48% to 29% in less than 24 hours.
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#CryptoUpdates The cryptocurrency market experienced a decline, with a reduction of approximately 5.3% compared to the previous day. This downturn was attributed to high expectations surrounding Trump's inauguration speech, which did not mention cryptocurrencies. Consequently, the total capitalisation of cryptocurrencies decreased to $3.5 trillion, reverting to the level observed at the end of the previous week. While this indicates a reduction in optimism, it does not suggest a market reversal. The Cryptocurrency Fear and Greed Index stands at 76, having ranged between 75 and 77 for six consecutive days. This is considered the initial stage of ‘extreme greed’. Observations indicate that during a bull market phase, values exceeding 80 increase the risk of a corrective pullback, whereas current values may coexist with further movement towards historical highs.
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#itsStillEarly It's still Early for crypto to take you to an incredible milestone of success. It's Still Early to start your 2025 with stunning opportunities on Binance. Take steps now to push your crypto world to new heights.
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