Matrixport: The Fed's dovish stance combined with Trump's supportive attitude towards cryptocurrencies lays the foundation for market upside

2025-01-20 15:57:05

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ChainCatcher news, Matrixport released today's chart stating that this weekend, the launch of the TRUMP meme coin has sparked a trading frenzy on centralized exchanges, with major platforms listing the coin at a record pace. However, the subsequent launch of the MELANIA coin quickly reversed market sentiment, leading to a sharp drop in coin prices and significant losses for buyers on Sunday. This extreme volatility has driven a surge in overall trading volume, with the weekend trading volume on Binance, the world's largest exchange, soaring from $15 billion to $50 billion.

We believe that the surge in trading volume is traceable. The dovish tone of last week's Federal Reserve meeting, combined with President Trump's positive support for cryptocurrencies, has laid the groundwork for further upward volatility in the market. As 2023 and 2024 hold significant meaning for the crypto industry, 2025 may continue or even surpass this exciting momentum.

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