Coinspeaker
“Crypto President” Inauguration to Help BTC Cross $100K?
Bybit, the world’s second-largest crypto exchange by trading volumes, published a report showing how macro factors are weighing over the turbulence in the crypto market as Bitcoin price continues to face strong rejection at $100K levels. The inauguration of “crypto president” Donald Trump would be crucial to determining the future trajectory and boosting investor sentiment.
Over the past week, there’s been heightened uncertainty in the crypto derivatives market as investors are looking forward to a significant political transition with Donald Trump’s inauguration. The crypto industry has high hopes for Trump, who promised the make America the crypto capital of the world during his election campaign.
However, the Bybit research report shows that the perpetual swap market witnessed a strong liquidity drop during the holidays. As the trading volumes tanked during the past month, the overall v
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