Donald Trump Pushes Rate Cuts as Crypto Market Holds Steady at $2.79T
Share:
- Overall market remains stable with a slight 0.14% gain despite a 0.97% drop in trading volume.
- Small-cap altcoins have shown impressive gains, with REEF leading at +116% and MASA at +57.2%.
- The market sentiment remains in the “fear” territory with an index reading of 33.
The crypto market remains steady at $2.79 trillion with minimal 0.14% growth over the past 24 hours, based on the latest update by CryptoRank. The steadiness occurs despite a 0.97% decline in the 24-hour spot trading volume, which stands at $35.28 billion.
President Trump has tried to calm market emotions by declaring that interest rates must come down. This perhaps suggests a more accommodating monetary climate that will generally favor risky assets, like cryptocurrencies. Despite these comments, top cryptocurrencies have not moved significantly, with Bitcoin rising only 0.38% to $84,715 and retaining its leadership status, accounting for 60.23% of the aggregate market capitalization.
Market OverviewThe post Donald Trump Pushes Rate Cuts as Crypto Market Holds Steady at $2.79T appeared first on Coin Edition.
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Donald Trump Pushes Rate Cuts as Crypto Market Holds Steady at $2.79T
Share:
- Overall market remains stable with a slight 0.14% gain despite a 0.97% drop in trading volume.
- Small-cap altcoins have shown impressive gains, with REEF leading at +116% and MASA at +57.2%.
- The market sentiment remains in the “fear” territory with an index reading of 33.
The crypto market remains steady at $2.79 trillion with minimal 0.14% growth over the past 24 hours, based on the latest update by CryptoRank. The steadiness occurs despite a 0.97% decline in the 24-hour spot trading volume, which stands at $35.28 billion.
President Trump has tried to calm market emotions by declaring that interest rates must come down. This perhaps suggests a more accommodating monetary climate that will generally favor risky assets, like cryptocurrencies. Despite these comments, top cryptocurrencies have not moved significantly, with Bitcoin rising only 0.38% to $84,715 and retaining its leadership status, accounting for 60.23% of the aggregate market capitalization.
The post Donald Trump Pushes Rate Cuts as Crypto Market Holds Steady at $2.79T appeared first on Coin Edition.
Read More
Bitcoin Soars: Remarkable Rally Propels BTC Above $67,000 Milestone