Recent statements by U.S. President Donald Trump have significantly impacted the cryptocurrency market, causing drastic fluctuations in asset prices.
Cryptocurrency Market: Impact of Trump's Statements
This week, the cryptocurrency market experienced noticeable fluctuations. On Sunday, following the announcement of the U.S. Strategic Crypto Reserve, the prices of Bitcoin (BTC) and altcoins surged. However, a slight decline followed when the new tariff plan for Mexico and Canada came into effect.
Crypto Whale's Profit: A Success Story
According to Lookonchain, an alleged insider whale earned an unrealized profit of $81 million on an Ethereum (ETH) transaction. The whale opened a short position on Ethereum with 50x leverage, which allowed him to begin closing parts of his positions to lock in profits.
Current Situation in the Crypto Market
Ethereum has fallen by 11.6% in the last 24 hours and continues to trade at $2,089. Despite this, some investors are reaping huge profits thanks to savvy investment strategies.
Thus, statements by political leaders and the implementation of new economic measures can significantly influence the cryptocurrency market, creating both opportunities and risks for investors.
