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

Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Author Beincrypto

Dec 17, 2024

Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Ethereum slides below $3,000 as sellers defend $3,020 and $2,880 becomes the key line Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

Author Mitrade

Jan 21, Wed

Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

Bitcoin’s Whale Map Shifts as BTC Drops Below $90,000 Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.

Author Mitrade

Jan 22, Thu

Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.

Gold moves away from record high as safe-haven demand fades on easing trade war concerns Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.

Author FXStreet

Jan 22, Thu

Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.

Top 3 Price Forecast: BTC Shows Early Stabilization; ETH and XRP Still Look Heavy BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.

Author Mitrade

Yesterday 05: 56

BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.

Popular Symbols