Alexander C. Kaufman pfp
Alexander C. Kaufman
@kaufman
I know Trump’s tariffs jolted the market, but he just signed legislation to scrap the IRS’s crypto rules and the Senate just confirmed his pro-crypto SEC chair. So why are currencies like Bitcoin and Ethereum down while Solana is up right now?
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Señor Doggo pfp
Señor Doggo
@fubuloubu
You seem surprised to find out that crypto is in fact not a rational market lmao
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Tony D’Addeo pfp
Tony D’Addeo
@deodad
these got priced in as soon as trump won, general macro chaos is driving price action at the moment
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JG pfp
JG
@johngalt13
Because nobody knows if their price is going to go up, down, sideways or in circles. Let’s just sing😆
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matthewb pfp
matthewb
@matthewb
ETH has been going down against BTC for 3 years straight, nothing new there. as an asset, SOL more readily gets a speculative bid since it went from $8 to $295 this cycle. ETH, on the other hand, has been relentlessly beat down and traders have zero hope left. imo, BTC is showing quite a bit of strength given weakness in equities. for context, BTC is ~25% away from all-time highs vs. ~67% for ETH and ~60% for SOL.
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Alex pfp
Alex
@asenderling.eth
This news has been 'priced in' for some time imo, especially since it passed Congress (or at least the House) back in March
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Koolkheart pfp
Koolkheart
@koolkheart.eth
This is why I don’t trust charts 100%. Market’s down? Must be manipulation. Market’s up? Must be manipulation 😏
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shairaaa pfp
shairaaa
@shairaaa
I hope the market is still adjusting from what happened and will recover soon
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Michael Varde pfp
Michael Varde
@michaelvarde.eth
There’s no making sense of crypto market movements on a daily basis. Just gotta look at the macro and follow the liquidity cycle.
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Konohime pfp
Konohime
@konohime.eth
It's all about trust right? https://intel.arkm.com/explorer/address/0x77a56647fba0eb60abb7395574Cded565F6F94F6
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Treshy pfp
Treshy
@treshypearl
Solana’s outperformance might be tied to memecoin hype, ecosystem activity and trader rotation into higher-risk assets imo
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