🚀 December Debut: The Roller Coaster & The Trump Tailwind! 🌪️
December started with a bang, a volatile one! The first 48 hours felt like a roller coaster. Money transferred to somewhere and someone! Guess who? #BTCRebound90kNext?
The Dip: FED Fears & $400M Liquidated
On December 1st, Bitcoin briefly fell below $87,000, triggering over $400M in liquidations. Too much but I experienced more and more before. The sharp drop was fueled by mounting FED uncertainty regarding interest rates and economic policy. As always, macro fears hit our risk assets hard. We will see what “short position opener” will do on December. $BTC
The Rally: Trump's Big Crypto Backing
Just as we braced for more pain, Donald Trump delivered a massive boost! 😮 He stated that the U.S. would include altcoins like XRP, Solana, and Cardano in its strategic crypto reserve. As we can see Trump is Trump :) Always has motivation and always doing something for manipulation. Maybe you can remember $DOGE . At past, Elon Musk manipulated Doge many times but now he tries but never effects Doge price anymore.
His promise to "make the U.S. the crypto capital" and the announcement of a White House "Crypto Summit" instantly injected life into the market. Bitcoin quickly rebounded towards $89,000, validating the political legitimacy of our space. Thanks #TRUMP so much! First down later up. No way! $SUI
Note:
From sudden drops driven by the FED to massive rallies sparked by Trump—this is Crypto! Never a dull moment. Keep an eye on the upcoming FED minutes and Trump's summit this week.
With Binance Crypto Week, prices will go up a little but, after a red November, I did not experienced green December before.
Be careful, Stay safe and DYOR!
