Following Trump's oath, the world's first cryptocurrency dipped below its 5-day exponential average (dark purple), not far from the psycholigical level of $100K. Although buyers have already helped Bitcoin regain some of its strength, the profit-taking attitude is still visible, with the price dropping off of the All-Time-High, reached earlier today.
Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Dogecoin, on the other hand, moved dynamically upwards once Trump mentioned the 'Department of Government Efficiency' (DOGE), as means to deal with 'corruption and bureaucracy' during his term. Elon Musk's favorite memecoin has already reverted back to the red, though the businessman's activity in Trump's administration might drive the volaitlity on the cryptocurrency further with concrete proposals and solutions being put forward.
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
