US President Donald Trump has emerged as a key influence on the cryptocurrency market, with his statements and actions causing fluctuations in prices. Following Trump's announcement of the US Strategic Crypto Reserve, Bitcoin and altcoins experienced a surge in value, but the market crashed after new tariffs on Mexico and Canada were implemented. During this period of volatility, a crypto whale, who may have had insider information, reportedly made $81 million in unrealized profits from an Ethereum transaction. Ethereum has dropped by 11.6% in the last 24 hours and is currently being traded at $2,089.



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