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Stock impact report

Crypto Daybook Americas: Market in Sea of Red, BTC Seen Diving to $80K [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
under $88,000 and the CoinDesk 20 Index down more than 10% in 24 hours. There are several catalysts for the swoon, including risk-off sentiment in traditional markets and influence from memecoins, especially the recent trading in TRUMP and LIBRA. As we discussed Monday , market makers attending the Consensus Hong Kong conference last week were worried the memecoin frenzy had sucked liquidity from the productive crypto sub-sectors, leaving the broad market vulnerable. Another reason is President Donald Trump's inaction. Although he made significant promises in the lead-up to the elections, concrete action has been scarce. The anticipated strategic BTC reserve remains absent, and even state-level reserves are proving challenging to implement. "The industry is still waiting for this to manifest in a tangible way in the form of measures such as a mooted Bitcoin Strategic Reserve," Petr Kozyakov, co-founder and CEO at Mercuryo told CoinDesk. "In the meantime, sentiment has been hit h Show less Read more
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