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

New Fed Chair to Cut Forward Guidance? Warsh Rejects Dot-Plot Expectations, Bullish or Bearish for Bitcoin? If Warsh rejects dot plot projections, it could suppress institutional capital and weaken market risk appetite in the short term, but is a long-term positive for Bitcoin.On June 17, Asian

Author TradingKey

10 hours ago

If Warsh rejects dot plot projections, it could suppress institutional capital and weaken market risk appetite in the short term, but is a long-term positive for Bitcoin.On June 17, Asian

Three Major International Investment Banks Bearish on Oil Outlook, Citi Expects Brent to Fall to $70. Crude Oil Prices Fall for Four Straight Days to Levels at Start of US-Iraq War.On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to

Author TradingKey

18 hours ago

On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to

Japanese Yen hangs near intervention zone despite BoJ rate hike, ahead of FOMC The USD/JPY pair ticks lower during the Asian session on Wednesday, though it remains within striking distance of the highest level since late April, touched last week.

Author FXStreet

18 hours ago

The USD/JPY pair ticks lower during the Asian session on Wednesday, though it remains within striking distance of the highest level since late April, touched last week.

Has Gold Hit Bottom? Barclays, Citi Both Bullish on Gold, Gold Price Will Return to $5,000 Next Year.Since 2026, gold has erased almost all of its gains and has fallen more than 20% from its record high of $5,595 set at the end of January. Has gold bottomed out? Is now the time to add to

Author TradingKey

Yesterday 10: 30

Since 2026, gold has erased almost all of its gains and has fallen more than 20% from its record high of $5,595 set at the end of January. Has gold bottomed out? Is now the time to add to

WTI hovers around $80.00 as traders await developments on US-Iran peace talks West Texas Intermediate (WTI) oil price inches higher after registering 3.7% losses in the previous day, trading around $80.10 per barrel during the Asian hours on Tuesday.

Author FXStreet

Yesterday 01: 19

West Texas Intermediate (WTI) oil price inches higher after registering 3.7% losses in the previous day, trading around $80.10 per barrel during the Asian hours on Tuesday.

Popular Symbols