On weekends, Bitcoin‘s performance has been rather optimistic considering the current market situation, and it continues to hover around the $105,000 mark.
In simpler terms, since the rise of TRUMP, alternative cryptocurrencies like meme coins have taken a significant hit. Today, TRUMP has moved up to become the second largest in its category, surpassing both PEPE and SHIB.
TRUMP Above SHIB
In simple terms, Donald Trump’s official meme coin, launched on Friday evening, has been making headlines for the past 36 hours or so. This new token has caused quite a stir in the cryptocurrency world, turning it on its head. In just under two days, it has managed to capture the interest of the entire crypto community. Its value has skyrocketed to over $60, and its market capitalization stands at approximately $13 billion on CoinMarketCap and CoinGecko.
Furthermore, TRUMP has moved up to the second most popular meme coin, overtaking both PEPE earlier this morning and SHIB just a short while ago based on market capitalization.
Solana (SOL) experienced significant growth as a result of Trump’s success, since the meme coin was initially launched on his blockchain. Yesterday, SOL reached a new peak price of $270, and today it surpassed that level, almost reaching $280.
Contrarily, many larger alternative cryptocurrencies, particularly meme coins, have dipped significantly. Yet, the overall crypto market capitalization remains steady at nearly $3.750 trillion on CoinGecko.
BTC Close to $105K
Last week saw significant fluctuations in the main digital currency. Initially, its value plummeted significantly, dropping below $90,000 for the first time since November. However, the optimistic investors or ‘bulls’ managed to prevent any further decreases, and the asset swiftly regained all its lost value within a few days.
Despite the Consumer Price Index (CPI) figures from the U.S., Bitcoin continued to soar, surpassing $100,000 only a few days following its multi-month low. Subsequently, it spiked further and reached over $105,000 on several occasions since Friday, setting its highest price in about a month.
Currently, Bitcoin’s trading value hovers around $105,000, and its total market capitalization has reached an impressive $2.075 trillion. Furthermore, Bitcoin’s influence over other cryptocurrencies (alternatives or alts) is growing, with a dominance rate of 55.4%.
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2025-01-19 14:22