financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
TRUMP Overtakes SHIB in Meme Coin Battle, BTC Nears $105K (Weekend Watch)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TRUMP Overtakes SHIB in Meme Coin Battle, BTC Nears $105K (Weekend Watch)
Jan 19, 2025 2:29 AM

Bitcoins price actions during the weekend have been quite positive, given the overall market condition, and the asset remains close to $105,000.

The altcoins have been hit hard, especially the meme coins, since the emergence of TRUMP, which is now the second-biggest in its field after surpassing PEPE and SHIB today.

TRUMP Above SHIB

Its safe to say that the past 36 hours or so belong to Donald Trumps official meme coin, which saw the light of day on Friday evening. The token took the crypto world and turned it upside down. Within less than a weekend, it has garnered the attention of the entire community. Its price has shot up to over $60 now, and its market cap is at roughly $13 billion on CMC and CG.

Moreover, TRUMP has now become the second-largest meme coin by that metric after surpassing PEPE in the morning and SHIB minutes ago.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! The other notable gainer from TRUMPs success is SOL since the meme coin was launched on the latters blockchain. SOL jumped to a fresh all-time high of $270 yesterday, only to break it to almost $280 today.

In contrast, most other larger-cap alts, especially meme coins, are deep in the red. However, the total crypto market cap has maintained its level of almost $3.750 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto

BTC Close to $105K

The primary cryptocurrency had a highly volatile trading week. It started with a massive price dump to below $90,000 for the first time since November, but the bulls didnt allow any further declines and helped the asset recover all losses within days.

Even the CPI numbers from the US couldnt keep BTC down, and it flew past $100,000 just a few days after that multi-month low. Moreover, it kept climbing and exceeded $105,000 on a couple of occasions since Friday to mark its highest price tag in about a month.

As of now, bitcoin trades close to $105,000, and its market cap is up to $2.075 trillion. Its dominance over the alts is also on the rise to 55.4%.

SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chainlink Bull Run Incoming? Most Recent LINK Price Predictions
Chainlink Bull Run Incoming? Most Recent LINK Price Predictions
May 2, 2024
TL;DR Chainlinks LINK is poised for a rebound from its current $14 price, indicated by a positive TD Sequential buy signal. Prominent analysts forecast significant returns for the asset, supported by favorable on-chain metrics suggesting a bullish move. LINK Price Predictions Chainlinks native cryptocurrency LINK is yet another digital asset that suffered the negative consequences of the latest market correction....
US Dollar on Tenterhooks Ahead of US Jobs Data; Setups on GBP/USD, EUR/USD
US Dollar on Tenterhooks Ahead of US Jobs Data; Setups on GBP/USD, EUR/USD
May 2, 2024
Most Read: US Dollar Outlook Post Fed Decision: EUR/USD GBP/USD - Technical Analysis The U.S. dollar (DXY) experienced a slight decline on Thursday, continuing its pullback following the Federal Reserve's monetary policy decision in the previous session. To recap, the central bank kept borrowing costs unchanged within their current target range of 5.25%-5.50%, in line with expectations, while maintaining an...
Aave Labs Unveils Major Upgrades and Expansions with Aave V4 Proposal
Aave Labs Unveils Major Upgrades and Expansions with Aave V4 Proposal
May 2, 2024
Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4 will be built with a...
Time to Buy SHIB? Popular Analyst Bets on a 300% Shiba Inu Price Rally
Time to Buy SHIB? Popular Analyst Bets on a 300% Shiba Inu Price Rally
May 2, 2024
TL;DR Shiba Inu experienced a 5% price increase daily, with optimistic forecasts from analysts like Ali Martinez, who predicts a significant upcoming rally due to positive chart patterns. The potential for an uptick is supported by a significant resurgence in SHIBs burning program and ongoing enhancements to Shibarium. Betting on a SHIB Bull Run The cryptocurrency market flashed green today...
Copyright 2023-2025 - www.financetom.com All Rights Reserved