Crypto Market Volatility
Bitcoin hovered around $67,500, down about 0.5% to 2.3%, dragging the total market cap to roughly $2.39 trillion—a 1.4% dip overall. Ethereum slipped below $2,000, losing 1.3%, while altcoins like Solana and XRP followed suit with similar declines. Volatility spiked, leading to massive liquidations totaling around $200 million, with longs hit hardest at about $130 million. Bitcoin and Ethereum accounted for over half, wiping out leveraged positions amid cascading stops.
On the political front, despite President Trump's pro-crypto push—like the national reserve and GENIUS Act—markets tanked. His nomination of Kevin Warsh as Fed Chair sparked hawkish fears, boosting the dollar and curbing risk appetite. Geopolitical tensions over Greenland and a recent government shutdown added uncertainty, fueling sell-offs. Short-term, this amps up volatility, but long-term, Trump's policies could stabilize and boost adoption. Stay cautious—opportunities lurk in the dips.
Stay tuned for tomorrow’s pulse!
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$BTC