- Large cryptocurrencies such as Bitcoin, Ethereum, XRP and Solana saw huge prize jumps in the last 24 hours
- A message from Trump suggests that it is “a good time to buy” before the official policy change has increased doubts
US President Donald Trump is in the news today after he has announced a major policy change. After much deliberation, the US president has Paused the current rate war for 90 days.
Thanks to the same, the wider crypto market reacted sharply and positively.
Source: X
Why does the crypto market increase?
In a message on X (formerly Twitter), Trump stated,
“I have authorized a 90 -day break and a considerably reduced mutual rate during this period, of 10%, also immediately in force. Thank you for your attention to this issue!”
After this announcement, the cryptocurrency market not only shot up, but the wider financial market also rose. Thanks to the same, struggling investors and traders finally found some lighting from the markets.
However, that is not all, where the president soon adds,
“This is a great time to buy !!! DJT.”
It is worth pointing out that this statement appeared before he announced the rate break of 90 days. This aroused concern and accusations that he might be involved in prior knowledge trade, as claimed by Senator Adam Schiff On Wednesday.
Source: X (formerly Twitter)
Crypto -prices go boom!
In addition to these allegations, however, the cryptocurrency market seems healthy and now sees a strong upward momentum. Especially with large assets that register impressive price increases.
Bitcoin [BTC] rose from $ 76,000 to $ 82,000 in just a few hours, while Ethereum [ETH] shot up by 16% to reclaim the $ 1,680 level. In addition, XRP and Solana [SOL] also imposed a profit of more than 15%.
The will of Dogecoin [DOGE]Shiba Inu [SHIB]Pepe [PEPE]Bonk [BONK]Fartcoin [FARTCOIN]and Trump [TRUMP] Also increased by 9%, 13%, 8.5%, 11%, 37%and 7%, respectively.
Ever high to come?
Despite this remarkable rally, large cryptocurrencies are still far from their all-time highlights. For example – XRP has still fallen by more than 45% compared to its peak, Sol with more than 65% and doge by more than 80% from the peak in 2021.
This makes it clear that one daring head can change everything, from market sentiment to the entire market structure.