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Trump’s Crypto Shake-Up: Political Miscalculation or Market Manipulation?

  • US President Donald Trump announced the creation of a strategic crypto reserve including multiple cryptocurrencies.
  • Initial exclusion of Bitcoin and Ethereum from the reserve led to mixed reactions in the crypto community.
  • The global crypto market experienced a rally with an 8% increase in market cap following Trump's announcement.
  • Speculations of market manipulation emerged due to a large leveraged trade made prior to the announcement.

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