The cryptocurrency market is witnessing a calm yet optimistic atmosphere this Sunday, largely influenced by the recent social media activity of prominent figures Trump and CZ. As the end of the first quarter approaches on April 2, traders are preparing for potential market fluctuations, driven by the hope for reduced tariff constraints.
What Are CZ’s Latest Moves?
CZ has recently opened a long position on a notable altcoin, as he engages with the market once again following his U.S. incarceration. His presence has been felt through his active social media updates, which have sparked renewed interest within the cryptocurrency community.
“I’m running a small test on the network this Sunday. Nothing to get excited about.” -CZ
In a related development, the user 0xAA_Science highlighted CZ’s long position on MUBARAK Coin via the APX platform, an altcoin that has gained traction during Ramadan and is a potential candidate for listing on Binance.
Why Is Trump Excited About His Coin?
Undoubtedly, Trump’s excitement revolves around his meme coin. His influence in the crypto realm is notable, especially as he seeks backing from fellow party members to push for favorable regulations, including a more crypto-friendly SEC.
Trump recently expressed his enthusiasm for the $TRUMP coin, exclaiming, “I LOVE $TRUMP – SO COOL!!! The biggest of them all!!!!” Following this endorsement, the coin experienced a surge of over 15%, although it has since stabilized. With Bitcoin hovering around $85,000, the upcoming weekly candle close may provide additional momentum for these altcoins.
– CZ’s long positions signal renewed market activity.
– Trump’s endorsement could influence regulatory changes.
– Altcoins like MUBARAK Coin are gaining traction, especially during seasonal events.
The cryptocurrency landscape is abuzz with renewed interest, courtesy of influential figures like Trump and CZ. Their actions could significantly shape market dynamics in the coming weeks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/trump-and-cz-boost-crypto-market-buzz