One report says that the wallet that bought $1,000,000 worth of $TRUMP at 18-cents has transferred his tokens to other wallets and completely exited his positions following $TRUMP ‘s listing on Robinhood. The buyer netted a profit of over $300 million.
The memecoin is now quoted at $36.22, down 29% today as one of the all-time grifts unfolds.
Bitcoin is at the lows of US trade at $101,800.
This article was written by Adam Button at www.forexlive.com.
Feed from Forexlive.com
Donald Trump’s policies seem entirely favorable to the S&P 500, but that is not so. Although deregulation and fiscal stimuli will accelerate GDP and boost corporate profits, there is also a fly in the ointment. Let’s discuss it and make a trading plan. Major Takeaways Major banks forecast a 10% rally in the S&P 500 in 2025. Many positive factors have already been priced in, but the negative ones have not. The initial reaction of the stock index to the inauguration is important. A drop below 5,920 will be a reason to sell the S&P 500. Weekly Fundamental Forecast for S&P… Read full author’s opinion and review in blog of #LiteFinance
Feed from Litefinance.com
Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.0425 with a target of 0.9950 – 0.9526. A sell signal: the price holds below 1.0425. Stop Loss: above 1.0475, Take Profit: 0.9950 – 0.9526. Alternative scenario: Breakout and consolidation above the level of 1.0425 will allow the pair to continue rising to the levels of 1.0940 – 1.1224. A buy signal: the level of 1.0425 is broken to the upside. Stop Loss: below 1.0370, Take Profit: 1.0940 – 1.1224. Main Scenario Consider short positions from corrections below the level of 1.0425 with a target of 0.9950… Read full author’s opinion and review in blog of #LiteFinance
Feed from Litefinance.com
Dogecoin’s recent surge in whale activity has sparked
speculation that the meme coin could be on the verge of a major rally. In the
past day alone, DOGE trading volumes soared nearly 20%.
This increased demand and reduced circulating supply
could pave the way for a price increase, especially as global political events
unfold and influencers like Elon Musk continue to champion the coin.
At the time of this publication, DOGE traded for
$0.3734, representing a 15% increase in the past week. This is despite a 3%
decline in the past day. The meme token now ranks seventh on CoinMarketCap with
a valuation of more than $54 billion.
Whale Activity Sparks Speculation
In a time of increased volatility in the
cryptocurrency market, Dogecoin has been making significant moves. Despite
Bitcoin’s dramatic price swings, Dogecoin has been steadily hovering between
$0.31 and $0.41 since January 1.
Currently priced at around $0.37, the meme coin is
experiencing a surge in the trading activity, signaling that there is a boost
in demand for the memecoin. Data from CoinMarketCap shows that the token was up
20% in the past 24 hours at more than $9 billion.
This may also encourage smaller investors to enter the
market, further adding to the momentum. Beyond the increased activity, there
are other factors that could fuel Dogecoin’s rise. The inauguration of Donald Trump as the 47th President of the United States has caught the attention of
many within the crypto community.
During his campaign, Trump made pro-crypto promises,
and his administration is expected to give the industry more focus. Elon Musk’s
involvement in Trump’s administration is another element that could benefit
Dogecoin.
Musk’s Role in the DOGE Department
Musk, a staunch Dogecoin supporter, has been vocal
about the Department of Government Efficiency (DOGE), which is tasked with
reducing bureaucratic inefficiencies within the US government.
This connection between Musk’s new role and Dogecoin’s
ticker symbol has created a sense of optimism among DOGE proponents. Many
believe that Musk’s influence within the administration could positively impact
Dogecoin’s value.
Elon Musk’s DOGE To Be Sued Within Minutes Of Trump Inauguration – WPhttps://t.co/nGgouRiMba
— LiveSquawk (@LiveSquawk) January 20, 2025
However, the newly formed DOGE department is not
without controversy. National Security Counselors, a public interest law firm,
is preparing a lawsuit against the agency for allegedly violating the Federal
Advisory Committee Act, the Washington Post reported.
With such significant political and economic factors
at play, Dogecoin is at an interesting crossroads. While its price remains
volatile, the growing support from both influential figures and large investors
could cause a price surge, at least in the near term.
This article was written by Jared Kirui at www.financemagnates.com.
Feed from Financemagnates.com
Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 2976.66. A buy signal: the price holds above 2576.36. Stop Loss: below 2570.00, Take Profit: 2880.00 – 2976.66. Alternative scenario: Breakout and consolidation below the level of 2576.36 will allow the pair to continue declining to the levels of 2464.30 – 2282.23. A sell signal: the level of 2576.36 is broken to the downside. Stop Loss: above 2585, Take Profit: 2464.30 – 2282.23. Main Scenario Consider long positions from corrections above the level of 2576.36 with a target of 2880.00… Read full author’s opinion and review in blog of #LiteFinance
Feed from Litefinance.com
The EUR/GBP cross advanced further on Monday, reaching 0.8460 and briefly peaking at 0.8475.
Feed from Fxstreet.com
A historic day in Washington, D.C., took an unexpected twist, not only in politics but also in the world of cryptocurrency. As Donald
Trump took the oath of office to reclaim the US presidency, Bitcoin shattered
records, skyrocketing to an all-time high of nearly $110,000.
At the same time, the launch of meme coins by the first
couple has thrown the crypto market into a whirlwind of volatility. Trump introduced his cryptocurrency, $TRUMP, just days before his inauguration,
a move that jolted the crypto world.
The Meme Coin Mania
Initially, $TRUMP surged to $74, but it faced a sharp
dip when Melania Trump unveiled her own coin, $MELANIA. Her announcement sent
$TRUMP plummeting to $38 before a partial recovery to $63, according to data
from CoinMarketCap.
Meanwhile, $MELANIA began trading at just over $12,
reflecting the unpredictable nature of these internet-inspired meme coins. Despite
their volatile prices and lack of intrinsic value, meme coins have become a
notable trend.
The use of the Solana blockchain for these tokens
further highlights the former president’s pivot toward a digital-first economy.
Among recent appointments, Trump’s choice of Howard Lutnick, a known crypto
advocate, to lead the Commerce Department highlighted his administration’s
apparent commitment to the sector.
The Official Melania Meme is live!You can buy $MELANIA now. https://t.co/8FXvlMBhVfFUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
While $TRUMP and $MELANIA garnered attention, Bitcoin
stole the spotlight by soaring to $109,420 on Bitstamp, surpassing its December
high. This surge pushed Bitcoin’s market cap beyond $2.1 trillion, reinforcing
its position as one of the world’s most valuable assets.
Analysts attribute this rally to renewed investor
confidence spurred by Trump’s crypto-friendly policies and his vow to repeal “radical” Biden-era executive orders. However, the road has been anything but smooth.
Bitcoin briefly dropped below $100,000 following the initial chaos surrounding
the meme coins.
Bitcoin’s Meteoric Rise
Altcoins, including SOL, DOGE, and ADA, experienced significant declines, with losses ranging between 6% and 8%. This turbulence
triggered over $1.2 billion in liquidations, affecting more than 400,000
traders worldwide, data from CoinGlass shows.
The introduction of $TRUMP and $MELANIA has sparked
heated debate within the crypto community. While some view the former
president’s endorsement of cryptocurrency as a potential boost for mainstream
adoption, others express concern over the speculative nature of meme coins.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
As Trump returns to the Oval Office, the
spotlight will remain on the intersection of politics and cryptocurrency. With
Bitcoin achieving new heights and meme coins stirring controversy, the crypto
market’s future appears as dynamic as ever.
Whether this surge marks a new era of growth or a
fleeting bubble will depend on how the industry and policymakers navigate these
unprecedented developments.
This article was written by Jared Kirui at www.financemagnates.com.
Feed from Financemagnates.com
Some key points:
This is better than I was expecting given all the tariffs fears. It was conducted after the US election from Nov 7-27, though that doesn’t capture the height of Trump’s threats against Canada.
Some charts:
This should give the Bank of Canada some confidence that the rate-cutting cycle is beginning to work.
This article was written by Adam Button at www.forexlive.com.
Feed from Forexlive.com
The Pound Sterling (GBP) is up modestly on the day versus a generally softer USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Feed from Fxstreet.com
A Reuters report citing a ‘Trump official’ confirms the earlier WSJ report that the President-elect won’t impose tariffs today and instead will issue a memo to study trade practices.
The earlier report sparked some big market moves.
With that we have seen an extension in the US dollar softening and US equity futures have climbed to +0.7%.
This article was written by Adam Button at www.forexlive.com.
Feed from Forexlive.com
