The Trump Dump Effect: How to Protect Your Crypto Portfolio
With the U.S. presidential race becoming closer, the crypto market is feeling significant repercussions. As Donald Trump‘s chances of winning on websites like Polymarket declined, Bitcoin’s price fell under $69,000, resulting in significant liquidations totaling more than $350 million. For investors, this “Trump Dump” is a cautionary example of the high level of volatility that the crypto market can exhibit due to external factors.
Amid such unpredictability, it is vital to think about strategies and resources to protect your portfolio from these abrupt declines. Here is an examination of how political events can impact cryptocurrency and some strategies to maintain stability in your investments during periods…
