CandleFocus The Morning After: Bitcoin Slips Back Below $90K Following Crypto's Wild Sunday
2025-03-03
Author: Content Editor
President Trump's social media post about crypto reserves triggered a short squeeze initially, but gains are quickly reversing. Bitcoin has slipped by 5% in the past hour, trading at $89,500. Ether, solana, XRP, and cardano, which were mentioned by Trump, are also giving back gains. Experts like Arthur Hayes and Quinn Thompson are skeptical about the impact of Trump's post and criticize the legitimization of crypto scams. Crypto-related stocks like Coinbase, Strategy, Semler Scientific, and Hut 8 are also witnessing a decline in gains.
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