Crypto Market Volatility
Bitcoin dipped below $89,000, marking a 1.7% drop, while Ethereum followed suit with similar declines. Overall, the market saw heightened volatility, with major coins like BTC and ETH giving back recent gains amid broader economic jitters. This fluctuation triggered massive liquidations—totaling around $200 million across exchanges, per Coinglass data, hitting long positions hardest and wiping out over 105,000 traders.
On the political front, key news includes the SEC backing off investigations into over 60% of ongoing crypto cases since Trump's return to office, signaling a friendlier regulatory environment. Meanwhile, the Fed's recent rate cut and Chair Powell's comments on labor and inflation added uncertainty, fueling market swings. This could boost crypto adoption long-term by easing enforcement, but short-term volatility persists as investors digest policy shifts. Stay vigilant—crypto's future looks brighter, yet unpredictable.
Stay tuned for tomorrow’s pulse!
