Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Trump Bows Down! Cryptocurrencies Frenzy Hits, Bitcoin Soars Over 6%!

Source Tradingkey

TradingKey - Trump’s softer approach brings a flood of funds into the Cryptocurrencies market. Cryptocurrencies rebound strongly. Bitcoin breaks past $90,000.

On Wednesday, April 23, money flowed into Cryptocurrencies. Nearly $200 billion entered. Market capitalization rose from $2.72 trillion to $2.91 trillion, reaching early March highs.

Cryptocurrencies market capitalization changes, Source: CoinMarketCap.

Trump signaled a tariff easing and showed no intention of firing Powell. This sparked a wave of investments, driving Cryptocurrencies prices up. In the last 24 hours, Bitcoin (BTC)

surged 6.38%, now at $93,301. Ethereum (ETH) skyrocketed 12%, now at $1,782. Ripple (XRP)rose 6.22%, now at $2.21. Solana (SOL) soared 18%, now at $148.

The Cryptocurrencies market's rebound led to massive short liquidations. According to CoinGlass, nearly 150,000 traders faced liquidations in the past 24 hours. Total losses reached $606 million, with shorts accounting for $532 million, or 88%.

Cryptocurrencies market liquidation data, Source: Coinglass.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 Billion The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)

Author TradingKey

9 hours ago

The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)

Bitcoin Traders Target $93.5K Liquidation Sweep Despite Fed Rate Pause Bitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.

Author Mitrade

13 hours ago

Bitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.

Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi

Author TradingKey

Yesterday 10: 09

The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi

Ethereum Is Already 20% Prepared for the Quantum Era, Says Interview Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.

Author Mitrade

Yesterday 09: 12

Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.

Top 3 Price Outlook: BTC Holds Above $89,000 as ETH Tests Resistance and XRP Stabilizes Near $1.90 BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.

Author Mitrade

Yesterday 06: 43

BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.

Popular Symbols