š Musk is once again talking about $DOGE ā and the market yawned
Elon tried to revive Dogecoin with an old scheme ā a pump. But the price only rose by 2%.
Previously, after such tweets, #Dogeššš would soar into the stratosphere. Today ā it just coughed and continued to flatline. Musk's financial alchemy no longer works? #ElonMusk #dogeā”
During a speech, David Sachs stated that the U.S. administration will reconsider its stance on the crypto industry and will begin working on its development.
The cryptocurrency market has seen significant changes since Donald Trumpās inauguration. Bitcoin ($BTC ) hit an all-time high of $109,000 on the eve of the event, but has since adjusted to $102,000.
The launch of meme coins TRUMP and $MELANIA caused an initial buzz, but their prices plummeted after the inauguration, with $TRUMP losing 60% of its value and $MELANIA losing 50%.
Total cryptocurrency trading volume fell by 41%, reflecting investor caution. The lack of mention of cryptocurrencies in Trumpās speech contributed to this decline.
Nevertheless, Solana ($SOL ) set a new record of $275 after launching Trump tokens on its blockchain, underscoring the platformās potential.
These events demonstrate the volatility of the market and the importance of a cautious approach to investing. It is recommended to carefully analyze market trends and political events before making investment decisions. #BTCā #TRUMP #TrumpMarketInsights
$BNB Foundation announced the burning of BNB worth $1.16 billion
The BNB Smart Chain team has completed its quarterly burn. 1.63 million BNB worth $1.16 billion has been removed from circulation.
The reduction of the asset's circulating supply aims to increase its value and maintain its deflationary nature. For example, in the course of the 29th quarterly burn, 1.77 million BNB were sent to "zero." In the first quarter of 2025, the expected number of coins to be removed from circulation is 1.55 million, according to the BNBBurn portal. The volume of the asset being burned may decrease from quarter to quarter depending on its value. The coin has hardly reacted to the news. On the weekly chart, BNB shows a drop of 4%. At the time of preparing this material, the asset is trading at $686.44 #bnb #BNB_Market_Update
The price is in the zone of interest for the continuation of longs, but it is very important to see the price go beyond the marked "1h inversion imbalance", because it holds the movement and does not allow the emergence of an upward trend.