BITCOIN BOOM: UNPACKING THE VOLATILITY OF THE CRYPTO MARKET#crypto
The crypto market saw a surge of optimism this morning, driving Bitcoin and top altcoins to critical levels. This sudden rise stems from a convergence of factors: a key political signal, short sellers getting squeezed, and anticipation building up ahead of crucial macroeconomic data release
The “CZ Pardon Effect”: A Strong Political Signal for Crypto
The primary catalyst for this rally is undoubtedly the presidential pardon granted by Donald Trump to Changpeng “CZ” Zhao, the founder of Binance. This decision has been perceived by the entire market as an unequivocal gesture of support from the American administration toward the crypto industry. By wiping the slate clean for one of the sector’s most influential figures. Trump has sent a clear message: the era of regulatory hostility could be coming to an end$BTC
