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We are experiencing a calm but relatively bullish market this Sunday. Recent posts from Trump and CZ have injected some activity into the market. As we approach the end of the first quarter on April 2, increased volatility is anticipated, with hopes of easing tariff pressures on the market.
CZ and Altcoin Positions
CZ has recently taken a long position on a popular altcoin, conducting tests for APX. After completing his prison sentence in the U.S., CZ has returned to cryptocurrencies, filling a void in the community with his engaging posts.
“I’m running a small test on the network this Sunday. Nothing to get excited about.” -CZ
Shortly after his initial post, 0xAA_Science noted CZ’s long position on MUBARAK Coin on the APX platform. This altcoin, gaining attention during Ramadan, is among the alternatives that might get listed on Binance.
Trump’s Favorite Altcoin
Of course, it’s his meme coin. Everything Trump says regarding cryptocurrencies holds weight, and he has taken significant steps. While he requires support from his party’s politicians, even turning the SEC into a crypto-friendly agency is a big deal.
Recently, Trump expressed his enthusiasm for the $TRUMP coin, stating, “I LOVE $TRUMP – SO COOL!!! The biggest of them all!!!!” Following this, the price, which had surged over 15%, returned to normal levels. If BTC maintains around $85,000, the upcoming weekly candle close could bring further relief to these altcoins.
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.
