EddieJayonCrypto
10 Feb 25
A recent analysis reveals that 70% of cryptocurrencies on Binance are trading below their pre-US election prices, contrary to the bullish market sentiment. The disparity raises questions about the true state of the crypto market. Analyst ltrd's examination shows that nearly 80% of coins hit their pe...
70% of cryptocurrencies on Binance are trading below their pre-US election prices, contradicting the bullish market sentiment. This raises concerns about the true state of the crypto market. Analyst ltrd's examination reveals that nearly 80% of coins hit their peak between December 3rd and 9th, indicating a highly correlated market.
The frenzy surrounding the Official Trump (TRUMP) meme coin drained liquidity, leading to concerns about sustainability. President Trump's trade policies and cryptocurrency market volatility have further fueled apprehensions about the current bull cycle.
Analyst ltrd examined price movements of cryptocurrencies before and after the elections, with nearly 70% of coins trading lower than their pre-election prices. The market is highly correlated, with most tokens reaching their peak within a short timeframe.
Many investors expected Donald Trump’s election victory to trigger a new bull run for cryptocurrencies. However, the launch of the TRUMP token significantly impacted on-chain liquidity, leading to concerns about sustainability.
The combination of aggressive trade policies and volatility in the cryptocurrency market has left investors on edge, fueling concerns about the sustainability of the current bull cycle.