Donald Trump has once again provoked the growth of the cryptocurrency market

After Donald Trump announced his intention to make the United States the «cryptocurrency capital,» prices for Bitcoin BTC $75,186.67 Mezo Wrapped BTC -1.17% Market capitalization $0.1 billion VOL. 24 hours $0.64 billion , Ethereum ETH $2,315.52 Bridged Ether (StarkGate) -1.72% Market capitalization $42.5 million VOL. 24 hours $0.5 billion , and Dogecoin DOGE $0.09 Binance-Peg Dogecoin -2.58% Market capitalization $0.24 billion VOL. 24 hours $71.58 million rose, and the market reacted positively.

At the close of trading, Bitcoin exceeded $ 96,900, Ethereum rose to $ 2,716, and Dogecoin grew to $ 0.2546. The total capitalization of the crypto market reached $ 3.19 trillion, which is 2.17% more than in the previous 24 hours.

There was also a significant reduction in short positions: liquidations amounted to $ 132.69 million, and $ 75 million of bearish bets were «destroyed» by market growth. This was accompanied by a 0.28% drop in open interest in Bitcoin, indicating that traders are exiting short positions.

The Crypto Fear & Greed index has changed from «fear» to «neutral», indicating a possible further influx of buyers. Nevertheless, CryptoQuant analysts warn that the flow of institutional investment in Bitcoin ETFs has decreased significantly — from $ 18,000 in November to -$ 1,000 now, which may hinder further growth.

Rekt Capital, a popular crypto trader, notes that Bitcoin is facing difficulties in retesting the $ 97,700 level, but is still maintaining its position above $ 96,000, which may indicate a potential bullish momentum.