According to market data from Binance, the BTC/USD1 trading pair experienced a short “footing” dip around 4:00 on 12/25, when Bitcoin’s price suddenly dropped sharply to $24,111.22 before quickly recovering. After this fluctuation, the market stabilized again, with BTC/USD1 currently trading around $87,705.
USD1 is a new stablecoin issued by World Liberty Financial, a financial project backed by the family of President Donald Trump. This short-term volatility is considered technical and not lasting, but it has attracted community attention due to its association with a relatively new stablecoin that lacks liquidity in the market.
Binance and founder CZ are also facing allegations of bribing Trump for pardons and gaining access to the US market through enthusiastic support for USD1.
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