#BTC trade candles, or candlestick charts, are a popular tool used in technical analysis to visualize price movements of Bitcoin (BTC) over specific time frames (e.g., 1 minute, 1 hour, 1 day). Each "candle" represents four key pieces of information:
1. **Open**: The price of BTC at the start of the time period. 2. **Close**: The price of BTC at the end of the time period. 3. **High**: The highest price reached during the time period. 4. **Low**: The lowest price reached during the time period.
The $TRUMP token, a meme coin launched by President Donald Trump on January 17, 2025, has experienced significant volatility since its inception. Initially priced at approximately $6.50, the token's value surged to a peak of $75, resulting in a market capitalization exceeding $10 billion. Reuters However, following President Trump's inauguration, where he made no specific mention of cryptocurrencies, the token's value declined to around $38. Reuters
As of January 22, 2025, the $TRUMP token is trading at approximately $0.899286, reflecting a 7.25% decrease from the previous close. The intraday high reached $1.031, with a low of $0.866924. Ledger Insights
The launch of the $TRUMP token has raised concerns within the cryptocurrency community. Critics argue that the introduction of such speculative coins undermines the industry's credibility and poses potential conflicts of interest, given President Trump's dual role as a market participant and policy influencer. WSJ Additionally, ethics experts have highlighted the lack of transparency and the potential for speculative capital influx, which could negatively impact the market's stability. Reuters
In summary, while the $TRUMP token experienced an initial surge in value, it has since faced significant fluctuations. The broader implications of its introduction continue to be a topic of debate among investors and regulators.
Following President Trump's inauguration, the market experienced notable volatility. The $TRUMP meme coin, launched prior to his swearing-in, initially surged to a market cap exceeding $10 billion but has since retracted. HINDUSTAN TIMES Bitcoin reached an all-time high of $109,071.86 but declined after the inauguration. REUTERS Additionally, President Trump's tariff announcements concerning Mexico and Canada have introduced further market uncertainties
I have been observing this coin for about 4 hours, it has been moving sideways for a long time and finally caught the uptrend of this coin. Looking at the chart, we see that as time goes on, the trading volume decreases. What makes those holding this coin lose patience and decide to sell their goods. 0.01$ soon!