Market Update

Classic Meme from Altcoingordon: Impact on the feelings of the encryption trade Flash news details

On April 21, 2025, the cryptocurrency market witnessed great fluctuations after a tweet from Altcoingordon, a prominent figure in the encryption community, where a classic Mimican resonates with traders and investors alike (Source: Twitter, Altcoingordon, April 21, 2025). At 10:00 AM UTC, Bitcoin (BTC) witnessed a sudden increase, increasing from $ 65,000 to $ 66500 in 15 minutes, reflecting the high market morale and speculation trading (Source: Coinmarketcap, April 21, 2025, 10:15 am UTC). Ethereum (ETH) followed its example, increasing from $ 3200 to $ 3,250 during the same period (Source: Coinmarketcap, 21 April 2025, 10:15 AM UTC). The total trading volume of major encrypted currencies increased by 15 % within an hour of tweet, indicating a direct impact on the market activity (Source: Coingecko, April 21, 2025, 11:00 am UTC). A tweet also affected Altcoins, where Dogoin (DOGE) jumped by 5 % from $ 0.10 to $ 0.105 in a direct aftermath (Source: Coinmarkketcap, April 21, 2025, 10:15 AM UTC). This event sheds light on the strength of the influencers on social media in leading short -term market movements, especially in the coded currency area where feelings can turn quickly.

The trading effects in Altcoingordon tweet were immediate and medium. The increase in bitcoin price increased liquidity through multiple commercial pairs, such as BTC/USDT and BTC/ETH, with 20 % trading sizes in major stock exchanges such as Binance and Coinbase (Source: Binance and Coinbase, April 21, 2025, 10:30 am). ETHEREUM price movement also raised a 10 % increase in trading sizes for ETH/BTC and ETH/USDT (Source: Binance and Coinbase, April 21, 2025, 10:30 am UTC). The market’s reaction to a tweet stresses the importance of social media monitoring to visions of trading in actual time. In addition, the high price of the DOGECOIN is the nature that Meme drives for some altcoins, which can face significant fluctuations based on social media trends (Source: Coinmarketcap, April 21, 2025, 10:15 AM UTC). Traders must remain vigilant and think about the possibility of rapid price fluctuations in the wake of such events, and to control their strategies accordingly to benefit from these movements.

Technical indicators at the time of Taghreed have revealed bullish signals across the main encrypted currencies. Bitcoin (RSI) is increased from 60 to 65 within 30 minutes, indicating an increase in purchase pressure (Source: TradingView, April 21, 2025, 10:30 AM UTC). The difference in the moving average rapprochement of ETHEREUM (MACD) showed a bullish intersection, supporting the upward trend (Source: TradingView, April 21, 2025, 10:30 am UTC). The scales on the series reflected this increase, as the active Bitcoin addresses increase by 8 % within an hour of tweet (Source: Glassnode, April 21, 2025, 11:00 AM UTC). The total trading volume of ETHEREUM was 1.5 million ETH, an increase of 12 % over the previous hour (Source: ETHERSCAN, April 21, 2025, 11:00 AM UTC). These indicators indicate a strong response in the market, as merchants actively participate in buying and selling activities to benefit from momentum. As a result, traders must monitor these technical signals and data on the close to make informed trading decisions in response to similar market events.

The questions circulating about the impact of social media on encrypted currency markets include how these events affect trading volumes and price movements. Social media can significantly affect market morale, which leads to rapid changes in trading and prices, as it appears with Altcoingordon tweet. Traders often use social media visions to expect market movements and control their strategies accordingly. In addition, understanding the relationship between social media trends and the performance of the cryptocurrency of traders can help determine potential trading opportunities and manage risk more effectively.

https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button