We are witnessing one of the rare liquidation waves in history, where liquidity has been thoroughly eradicated. Even low-leverage positions in futures trading have triggered liquidations, resulting in losses exceeding 30%. As of the time this article was prepared, Bitcoin (BTC ($96,664.20)) $99,606 is hovering around $99,200. Following his impactful market move, Trump has initiated more moderate steps.
The State of Dogecoin (DOGE ($0.25)) and FLOKI
The stagnant altcoins have yet to embark on the desired profit journey since mid-December. Worse still, we have witnessed cryptocurrencies falling below their lows from the previous year. Although the pressure on cryptocurrencies may ease, the risk of a global trade crisis has caused a decline in assets outside of gold.
The $0.27 mark is seen as a point that might be tested during excessive sell-offs, as