Crypto Market Volatility
Total capitalization hovering around $3.1 trillion, up slightly by 0.11% to 0.75% in some reports. Bitcoin dipped briefly below $92,000 after touching highs near $95,000, ending with a narrowed 0.14% decline amid broader dips in Ethereum and Solana. Privacy coins like Monero rallied up to 14%, bucking the trend as memecoin activity lifted select alts.
Liquidations hit hard, flushing out overleveraged positions: total damages reached about $210 million, affecting 85,000+ traders. Long positions dominated the wipeouts, with the largest single hit at $3 million on ETH-USDT via Binance, signaling ongoing leverage shakeouts that keep volatility elevated.
Politically, Trump's 25% tariff on Iran-trading nations sparked a Bitcoin retreat, testing its safe-haven narrative amid escalating U.S.-Fed tensions. DOJ subpoenas targeting Fed Chair Powell over rate independence threats fueled macro uncertainty, boosting metals as hedges while weakening the dollar—positioning crypto as a potential chaos buffer. Meanwhile, pro-crypto moves like Trump's 401(k) inclusion order and South Korea lifting corporate investment bans offer bullish offsets, but regulatory clamps in Dubai, India, and the UK on privacy tokens and donations add compliance hurdles, potentially curbing short-term inflows. Overall, politics amplified swings but reinforced Bitcoin's hedge appeal.
Stay tuned for tomorrow’s pulse!
