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Matrixport: The dovish tone of last week’s Fed meeting and Trump’s support for cryptocurrencies set the stage for further upside in the market
2025-01-20 07:48:22

Odaily News Matrixport released today's chart, saying that this weekend, the launch of the TRUMP meme coin set off a trading frenzy on centralized exchanges, with major platforms launching the coin at a record speed. However, the subsequent launch of the MELANIA coin quickly reversed market sentiment, and the coin price plummeted, causing heavy losses to buyers on Sunday. This violent volatility has driven a surge in overall trading volume, with the weekend trading volume of Binance, the world's largest exchange, soaring from $15 billion to $50 billion.
We believe that the surge in trading volume is well-documented. The dovish tone of last week’s Federal Reserve meeting, coupled with President Trump’s active support for cryptocurrencies, has set the stage for further upward market volatility. Just as 2023 and 2024 have been significant for the crypto industry, 2025 could continue or even surpass this exciting momentum.