Trump's one tweet, BTC returns to $80k after 3 months

Original | Odaily Planet Daily (@OdailyChina)

Author | Golem (@web3_golem)

Mad Monday! After 3 months, Bitcoin once again breaks through the $80k mark.

The altcoin market is also recovering. According to Quantify crypto data, in the past 24 hours, over 80% of the tokens in the top 200 by market cap have risen to some extent, including DOGE up over 5.43%, ZEC up over 10.78%, WLFI up over 7.06%.

In derivatives, according to Coinglass data, in the past 12 hours, the entire network experienced liquidations totaling $286 million, mainly short positions, amounting to $251 million, with most liquidations occurring when Bitcoin broke through $80k. Additionally, BTC liquidations reached $152 million, ETH liquidations hit $75.5 million.

This round of market movement is not exclusive to the crypto market. On Monday, Asian stock markets also surged significantly, with the MSCI Asia Pacific Index rising 1.9%, erasing declines since the Iran war. Tech stocks rebounded, SK Hynix’s stock soared nearly 10%, TSMC jumped over 6%, and Hong Kong tech stocks also rallied collectively, with Xiaomi Group up over 10%, Alibaba (09988.HK) up over 6%.

Meanwhile, according to Gate data, WTI crude oil and Brent crude oil prices also saw slight declines, with WTI remaining around $101 per barrel.

As both the crypto and stock markets rose on Monday, and oil prices fluctuated slightly, investors familiar with this situation might guess that it was again the handiwork of financial market manipulator Trump.

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