First lady Melania Trump also launched a cryptocurrency on the eve of the inauguration. The move was criticised by several people in the crypto industry, with some calling it “a stunt”. According to crypto trading platform Coinbase, $Trump jumped by more than 70% after the announcement. But it remains well below the record high of more than $74 (£42.40) reached shortly after its launch in January. Recently, a senior Dogecoin holder claimed to have made a profit of up to $17,700 through cloud mining in just… XRP, the native token of the XRP Ledger, is currently trading at $2.28, up 2.27% in the past 24 hours….
- AP correspondent Julie Walker reports on why so called ‘wrench attacks’ on wealthy crypto holders are on the rise.
- The cryptocurrency eked out gains even as fresh data revealed that the US economy contracted in the first quarter, stoking fears of an impending recession.
- Top altcoins, including Ethereum (BTC), Solana (SOL) and Cardano (ADA), portray bullish outlooks, possibly building upon potential capital rotation as Bitcoin dominance consolidates at 64%.
- But they can’t defeat thieves who force a victim to give up their password to access their wallets and move money.
- Bitcoin whale’s $400M short holds firm at 40x leverage as BTC stays above $80K, reflecting resilience amid U.S. economic risks and market volatility.
How do macroeconomic releases and events affect cryptocurrency prices?
Bitcoin rallied to new all-time highs of around $111,980 last week, supported by growing concerns about the sustainability of United States (US) debt. The concerns followed Moody’s downgrade of the US credit rating from Aaa to Aa1 on May 16. Moody’s cited over a decade of rising government debt and interest payment ratios significantly higher than those of similarly rated sovereigns.
Please bear with us as we address this and restore your personalized lists. Earlier this month French Interior Minister Bruno Retailleau vowed to bolster security around the country’s crypto executives and their families. The case in New York is the latest in a string of high-profile wrench attacks. Several have taken place in France, where thieves cut off a crypto executive’s finger.
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