TooTooDooToo
Following
Followers
Liked
Shared
$BTC and other cryptocurrencies, including a newly launched Donald Trump’s meme coin retreated on Tuesday after the president’s initial policy announcements did not mention the asset class.
Bitcoin, the largest cryptocurrency by market capitalization, reached a record high of $109,071 on Monday as Trump was sworn in as the 47th U.S. president. However, those gains quickly reversed, with the cryptocurrency trading at $102,100.0 by 04:27 ET (09:27 GMT) on Tuesday.
The Trump-themed meme coin, $TRUMP, launched just days earlier on Friday, also saw a sharp drop. Priced at $6.5 at launch, it surged to a peak of $74.59 on Monday, giving it a valuation of over $14 billion. At the time of writing on Tuesday, the coin was trading at $40.20, according to CoinGecko.
In his inaugural speech, Trump outlined various executive actions on trade tariffs, immigration, energy deregulation, and even issued a reprieve for TikTok. Yet, cryptocurrencies went unmentioned, disappointing industry stakeholders who had hoped for significant policy shifts under the crypto-friendly president.
"I think in the short term there's a chance this could be a sell-the-news event," said Matthew Dibb, chief investment officer at Astronaut Capital. He noted that many investors had anticipated immediate executive actions addressing digital assets.
"The market has some great expectations about a bitcoin strategic reserve and a loosening of regulations around digital assets, but it's more likely these developments will be drip-fed over a series of months rather than days. Bitcoin has already retreated ... We are expecting further volatility here and likely a selloff," Dibb added.
Bitcoin, the largest cryptocurrency by market capitalization, reached a record high of $109,071 on Monday as Trump was sworn in as the 47th U.S. president. However, those gains quickly reversed, with the cryptocurrency trading at $102,100.0 by 04:27 ET (09:27 GMT) on Tuesday.
The Trump-themed meme coin, $TRUMP, launched just days earlier on Friday, also saw a sharp drop. Priced at $6.5 at launch, it surged to a peak of $74.59 on Monday, giving it a valuation of over $14 billion. At the time of writing on Tuesday, the coin was trading at $40.20, according to CoinGecko.
In his inaugural speech, Trump outlined various executive actions on trade tariffs, immigration, energy deregulation, and even issued a reprieve for TikTok. Yet, cryptocurrencies went unmentioned, disappointing industry stakeholders who had hoped for significant policy shifts under the crypto-friendly president.
"I think in the short term there's a chance this could be a sell-the-news event," said Matthew Dibb, chief investment officer at Astronaut Capital. He noted that many investors had anticipated immediate executive actions addressing digital assets.
"The market has some great expectations about a bitcoin strategic reserve and a loosening of regulations around digital assets, but it's more likely these developments will be drip-fed over a series of months rather than days. Bitcoin has already retreated ... We are expecting further volatility here and likely a selloff," Dibb added.
#BTCBreaksATH 🚀
Bitcoin has just shattered its All-Time High once again, proving its resilience and dominance in the financial world! 🌍💸 Whether you're a long-term hodler or a newcomer, this is a historic moment for the crypto community.
What’s next for $BTC? Moon? Mars? Or beyond? 🌕
Let us know your predictions in the comments below! 📈🔥
#Bitcoin #Crypto #Blockchain
Bitcoin has just shattered its All-Time High once again, proving its resilience and dominance in the financial world! 🌍💸 Whether you're a long-term hodler or a newcomer, this is a historic moment for the crypto community.
What’s next for $BTC? Moon? Mars? Or beyond? 🌕
Let us know your predictions in the comments below! 📈🔥
#Bitcoin #Crypto #Blockchain
Why is $BTC price up today?
Bitcoin’s price surged to a new record high just hours ahead of Donald Trump’s inauguration as the 47th president of the United States.
On Jan. 20, BTC’s price rose slightly over 8% to reach its all-time high of $109,356 (data from Bitstamp). The cryptocurrency has risen by around 70% since Trump’s election win in November.
Bitcoin’s gains today come in the hours leading up to Trump’s taking charge of the White House.
Trump plans to leverage his executive authority to ease regulatory constraints on cryptocurrency businesses and encourage the adoption of digital assets during his initial days in office
For instance, he has pledged to incorporate Bitcoin into the US Strategic Reserve, which has sparked significant speculation.
As of Jan. 20, bettors assign a 58-60% probability to this proposal becoming a reality in the first 100 days after Trump takes office, according to Polymarket.
Bitcoin ETFs attract $2.35B in three days
Another positive catalyst for BTC’s price came after the assets under management by US Bitcoin ETFs reached a record high.
As of Jan. 17, the US spot Bitcoin exchange-traded funds were managing $38.16 billion worth of assets after $2.35 billion inflows over three consecutive days, according to Farside Investors data.
This influx of capital indicates growing investor confidence in Bitcoin as a long-term asset, particularly among institutional players who use ETFs as a regulated, accessible means to gain exposure to BTC.
BTC price symmetrical triangle hints at $128K next
Bitcoin’s gains today are part of a weekly chart breakout from its prevailing symmetrical triangle pattern.
Bitcoin’s price surged to a new record high just hours ahead of Donald Trump’s inauguration as the 47th president of the United States.
On Jan. 20, BTC’s price rose slightly over 8% to reach its all-time high of $109,356 (data from Bitstamp). The cryptocurrency has risen by around 70% since Trump’s election win in November.
Bitcoin’s gains today come in the hours leading up to Trump’s taking charge of the White House.
Trump plans to leverage his executive authority to ease regulatory constraints on cryptocurrency businesses and encourage the adoption of digital assets during his initial days in office
For instance, he has pledged to incorporate Bitcoin into the US Strategic Reserve, which has sparked significant speculation.
As of Jan. 20, bettors assign a 58-60% probability to this proposal becoming a reality in the first 100 days after Trump takes office, according to Polymarket.
Bitcoin ETFs attract $2.35B in three days
Another positive catalyst for BTC’s price came after the assets under management by US Bitcoin ETFs reached a record high.
As of Jan. 17, the US spot Bitcoin exchange-traded funds were managing $38.16 billion worth of assets after $2.35 billion inflows over three consecutive days, according to Farside Investors data.
This influx of capital indicates growing investor confidence in Bitcoin as a long-term asset, particularly among institutional players who use ETFs as a regulated, accessible means to gain exposure to BTC.
BTC price symmetrical triangle hints at $128K next
Bitcoin’s gains today are part of a weekly chart breakout from its prevailing symmetrical triangle pattern.
Trump's crypto token() surges to $11.7 billion market cap, bitcoin hits record high.
Trump's crypto token($TRUMP ) surges to $11.7 billion market cap, bitcoin hits record high.
By Rae Wee and Elizabeth Howcroft
SINGAPORE (Reuters) -Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House.
Launched on Friday, Trump's meme coin, also known as $TRUMP , surged to $58.56 at 0820 GMT on Monday, giving
By Rae Wee and Elizabeth Howcroft
SINGAPORE (Reuters) -Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House.
Launched on Friday, Trump's meme coin, also known as $TRUMP , surged to $58.56 at 0820 GMT on Monday, giving
Biggest Bitcoin () Price Test Incoming, Remains Dominant: Eyes For $3.5, 45% Solana () Pump Might B
Biggest Bitcoin ($BTC ) Price Test Incoming, $XRP Remains Dominant: Eyes For $3.5, 45% Solana ($SOL ) Pump Might Be Only Beginning.
With a recent break above a crucial resistance level close to $102,000 Bitcoin is still gaining ground. Although this move suggests that the asset is once again strong a significant test is still ahead as Bitcoin gets closer to a crucial psychological and technical barrier at $105,000.
A favorable macro environment and rising trading volumes have helped Bitcoin mai
With a recent break above a crucial resistance level close to $102,000 Bitcoin is still gaining ground. Although this move suggests that the asset is once again strong a significant test is still ahead as Bitcoin gets closer to a crucial psychological and technical barrier at $105,000.
A favorable macro environment and rising trading volumes have helped Bitcoin mai
$XRP Falls 11% In Bearish Trade
XRP was trading at $2.9197 by 18:28 (23:28 GMT) on the Investing.com Index on Sunday, down 10.71% on the day. It was the largest one-day percentage loss since December 9, 2024.
The move downwards pushed XRP's market cap down to $171.1230B, or 4.89% of the total cryptocurrency market cap. At its highest, XRP's market cap was $190.3902B.
XRP had traded in a range of $2.9197 to $3.2341 in the previous twenty-four hours.
Over the past seven days, XRP has seen a rise in value, as it gained 19.46%. The volume of XRP traded in the twenty-four hours to time of writing was $13.7757B or 4.76% of the total volume of all cryptocurrencies. It has traded in a range of $2.3363 to $3.3954 in the past 7 days.
At its current price, XRP is still down 14.01% from its all-time high of $3.40 set on January 16.
Elsewhere in cryptocurrency trading
Bitcoin was last at $100,919.9 on the Investing.com Index, down 3.46% on the day.
Ethereum was trading at $3,182.39 on the Investing.com Index, a loss of 3.02%.
Bitcoin's market cap was last at $2,001.6043B or 57.23% of the total cryptocurrency market cap, while Ethereum's market cap totaled $384.5872B or 11.00% of the total cryptocurrency market value
#xrp
XRP was trading at $2.9197 by 18:28 (23:28 GMT) on the Investing.com Index on Sunday, down 10.71% on the day. It was the largest one-day percentage loss since December 9, 2024.
The move downwards pushed XRP's market cap down to $171.1230B, or 4.89% of the total cryptocurrency market cap. At its highest, XRP's market cap was $190.3902B.
XRP had traded in a range of $2.9197 to $3.2341 in the previous twenty-four hours.
Over the past seven days, XRP has seen a rise in value, as it gained 19.46%. The volume of XRP traded in the twenty-four hours to time of writing was $13.7757B or 4.76% of the total volume of all cryptocurrencies. It has traded in a range of $2.3363 to $3.3954 in the past 7 days.
At its current price, XRP is still down 14.01% from its all-time high of $3.40 set on January 16.
Elsewhere in cryptocurrency trading
Bitcoin was last at $100,919.9 on the Investing.com Index, down 3.46% on the day.
Ethereum was trading at $3,182.39 on the Investing.com Index, a loss of 3.02%.
Bitcoin's market cap was last at $2,001.6043B or 57.23% of the total cryptocurrency market cap, while Ethereum's market cap totaled $384.5872B or 11.00% of the total cryptocurrency market value
#xrp
$TRUMP Meme Coin’s Market Cap Loses $6B in Value Before His Swearing-In
President-elect Donald Trump launched a digital token over the weekend that drew billions in trading volume initially. However, it plunged on Monday before his inauguration, disrupting the crypto market.
The Official Trump ($TRUMP ) token launched on Solana on Jan. 18 and quickly soared to over $15b in market capitalization by Saturday. However, by Monday, it dropped to $9b, wiping out $6b in value.
Trump returns to the White House on Jan. 20. Investors will focus on his inauguration speech to gauge his immediate policy plans.
Meme coins tied to high-profile individuals or events are famously volatile. The drop to $9b could stem from investors cashing out profits, doubts about the token’s long-term value and the speculative nature of meme coins.
The $TRUMP website shows that CIC Digital, linked to the Trump Organization, and Fight Fight Fight, its co-owned entity, hold 80% of the meme coin. This concentrated supply could spark fears of market manipulation or a mass sell-off after lock-up periods, potentially driving the price down.
On Monday, 10X Research said that TRUMP came Binance’s most actively traded coin. Its 24-hour trading volume hit $6.3 billion, surpassing $SOL’s $5.4 billion and even $BTC’s $5.1 billion.
“While many dismiss TRUMP ust another meme coin, it is more accurately classified as a ‘fan token.’ Holders use it to celebrate the market gains following his November election and express support for potential crypto-friendly policies under Trump’s new administration,” the firm said.
As a fan token, it potentially provides utility by offering airdropped perks like exclusive event access, news and other gated benefits directly to the holders’ wallets, it added.
#TRUMP
President-elect Donald Trump launched a digital token over the weekend that drew billions in trading volume initially. However, it plunged on Monday before his inauguration, disrupting the crypto market.
The Official Trump ($TRUMP ) token launched on Solana on Jan. 18 and quickly soared to over $15b in market capitalization by Saturday. However, by Monday, it dropped to $9b, wiping out $6b in value.
Trump returns to the White House on Jan. 20. Investors will focus on his inauguration speech to gauge his immediate policy plans.
Meme coins tied to high-profile individuals or events are famously volatile. The drop to $9b could stem from investors cashing out profits, doubts about the token’s long-term value and the speculative nature of meme coins.
The $TRUMP website shows that CIC Digital, linked to the Trump Organization, and Fight Fight Fight, its co-owned entity, hold 80% of the meme coin. This concentrated supply could spark fears of market manipulation or a mass sell-off after lock-up periods, potentially driving the price down.
On Monday, 10X Research said that TRUMP came Binance’s most actively traded coin. Its 24-hour trading volume hit $6.3 billion, surpassing $SOL’s $5.4 billion and even $BTC’s $5.1 billion.
“While many dismiss TRUMP ust another meme coin, it is more accurately classified as a ‘fan token.’ Holders use it to celebrate the market gains following his November election and express support for potential crypto-friendly policies under Trump’s new administration,” the firm said.
As a fan token, it potentially provides utility by offering airdropped perks like exclusive event access, news and other gated benefits directly to the holders’ wallets, it added.
#TRUMP
Bitcoin Price Crosses $109K to Hit ATH as Trump Prepares to Take Office
Bitcoin ($BTC ) has surged past $109,000 as President-elect Donald Trump prepares to begin his second term in the White House.
The cryptocurrency briefly hit an all-time high (ATH) of $109,111 on Jan. 20, according to data from CoinMarketCap, before quickly retreating below $108,000.
At the time of writing, Bitcoin is trading at $108,342, marking a 3% increase over the past 24 hours.
This record-breaking rally comes just hours before Trump is set to be inaugurated as the 47th President of the United States at 4:00 pm UTC.
Trump’s upcoming presidency has sparked significant bullish sentiment in the crypto market, with his victory in November 2024 fueling Bitcoin’s rise above $100,000 for the first time in December.
Optimism among cryptocurrency enthusiasts centers around Trump’s anticipated pro-crypto policies, including the possibility of establishing a strategic Bitcoin reserve and loosening crypto regulations.
The inauguration marks a pivotal moment for both U.S. politics and the global crypto market, as investors eagerly watch how Trump’s policies may shape the future of digital assets.
Bitcoin’s meteoric rise underscores its growing role as a key financial instrument in uncertain times.
As reported, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy.
The anticipated orders include a repeal of a policy introduced under the Biden administration, requiring banks holding cryptocurrency to list the digital assets as liabilities.
This policy stems from the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has faced resistance from the crypto industry.
The Trump team has reportedly emphasized the urgency of reversing these measures, with sources close to the discussions confirming their high priority.
#BTC
Bitcoin ($BTC ) has surged past $109,000 as President-elect Donald Trump prepares to begin his second term in the White House.
The cryptocurrency briefly hit an all-time high (ATH) of $109,111 on Jan. 20, according to data from CoinMarketCap, before quickly retreating below $108,000.
At the time of writing, Bitcoin is trading at $108,342, marking a 3% increase over the past 24 hours.
This record-breaking rally comes just hours before Trump is set to be inaugurated as the 47th President of the United States at 4:00 pm UTC.
Trump’s upcoming presidency has sparked significant bullish sentiment in the crypto market, with his victory in November 2024 fueling Bitcoin’s rise above $100,000 for the first time in December.
Optimism among cryptocurrency enthusiasts centers around Trump’s anticipated pro-crypto policies, including the possibility of establishing a strategic Bitcoin reserve and loosening crypto regulations.
The inauguration marks a pivotal moment for both U.S. politics and the global crypto market, as investors eagerly watch how Trump’s policies may shape the future of digital assets.
Bitcoin’s meteoric rise underscores its growing role as a key financial instrument in uncertain times.
As reported, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy.
The anticipated orders include a repeal of a policy introduced under the Biden administration, requiring banks holding cryptocurrency to list the digital assets as liabilities.
This policy stems from the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has faced resistance from the crypto industry.
The Trump team has reportedly emphasized the urgency of reversing these measures, with sources close to the discussions confirming their high priority.
#BTC
#TRUMP memecoin makes record price run, possibly multiplying Donald Trump’s net worth by 5x
On Jan. 18, 2025, the cryptocurrency market witnessed a significant event with the launch of the "OFFICIAL TRUMP" ($TRUMP ) memecoin on the $SOL blockchain. Its price has soared over 490% in less than 24 hours.
OFFICIAL TRUMP becomes Top 30 crypto overnight
Donald Trump has announced the token from his official accounts on Truth Social and X, and the token’s introduction led to a whirlwind of activity, capturing headlines and the attention of traders worldwide.
Within just three hours of its launch, TRUMP’s market capitalization soared to an astonishing $8 billion, putting it into the top 30 cryptocurrencies. TRUMP’s market cap is currently at $5.7 billion, with a fully diluted market value of $28.5 billion.
This rapid rise was fueled by a near 500% surge in value shortly after its debut, with 24-hour trading volumes exceeding $12 billion.
The launch of TRUMP had a profound impact on the Solana ecosystem. The token, which was built on Solana, has attracted traders’ attention for memecoin creation and significantly boosted its trading volumes.
Solana’s native token, SOL, experienced a notable jump in price, rising to hit a new all-time high above $270 on the day.
This jump was part of a broader trend where Solana-based memecoins and DeFi projects saw increased interest, leading to a shift in liquidity from other networks like Ethereum, where several prominent memecoins saw dips in value due to this shift.
Moreover, SOL price has jumped against Ether to a new all-time high of 0.081, largely due to the launch of the TRUMP memecoin.
On Jan. 18, 2025, the cryptocurrency market witnessed a significant event with the launch of the "OFFICIAL TRUMP" ($TRUMP ) memecoin on the $SOL blockchain. Its price has soared over 490% in less than 24 hours.
OFFICIAL TRUMP becomes Top 30 crypto overnight
Donald Trump has announced the token from his official accounts on Truth Social and X, and the token’s introduction led to a whirlwind of activity, capturing headlines and the attention of traders worldwide.
Within just three hours of its launch, TRUMP’s market capitalization soared to an astonishing $8 billion, putting it into the top 30 cryptocurrencies. TRUMP’s market cap is currently at $5.7 billion, with a fully diluted market value of $28.5 billion.
This rapid rise was fueled by a near 500% surge in value shortly after its debut, with 24-hour trading volumes exceeding $12 billion.
The launch of TRUMP had a profound impact on the Solana ecosystem. The token, which was built on Solana, has attracted traders’ attention for memecoin creation and significantly boosted its trading volumes.
Solana’s native token, SOL, experienced a notable jump in price, rising to hit a new all-time high above $270 on the day.
This jump was part of a broader trend where Solana-based memecoins and DeFi projects saw increased interest, leading to a shift in liquidity from other networks like Ethereum, where several prominent memecoins saw dips in value due to this shift.
Moreover, SOL price has jumped against Ether to a new all-time high of 0.081, largely due to the launch of the TRUMP memecoin.
Official #TRUMP memecoin launch breaks records, as Solana (#sol ) rallies to new all-time high
The cryptocurrency market faced a surprise on Jan. 18 when the Official Trump (TRUMP) memecoin, endorsed by President-elect Donald Trump, was launched without prior notice.
The announcement came via Trump’s social media accounts, directing users to purchase the Solana token using a specified centralized intermediary and providing the contract address.
The memecoin launch sparked a rally in Solana’s native token, pushing it to an all-time high of $270. This surge raised questions among traders about whether SOL’s current $120 billion market capitalization is sustainable and its implications for Ethereum, Solana’s main competitor. Ethereum had previously been perceived as Trump’s favorite due to its allocation within World Liberty Financial, a project closely associated with Trump, but the decision to launch Official Trump on the Solana network has raised eyebrows.
The cryptocurrency market faced a surprise on Jan. 18 when the Official Trump (TRUMP) memecoin, endorsed by President-elect Donald Trump, was launched without prior notice.
The announcement came via Trump’s social media accounts, directing users to purchase the Solana token using a specified centralized intermediary and providing the contract address.
The memecoin launch sparked a rally in Solana’s native token, pushing it to an all-time high of $270. This surge raised questions among traders about whether SOL’s current $120 billion market capitalization is sustainable and its implications for Ethereum, Solana’s main competitor. Ethereum had previously been perceived as Trump’s favorite due to its allocation within World Liberty Financial, a project closely associated with Trump, but the decision to launch Official Trump on the Solana network has raised eyebrows.
Donald Trump's #TRUMP memecoin surges to $14.5bn market cap ahead of inauguration.
U.S. President-elect Donald Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, which quickly soared in market capitalisation to several billion dollars.
"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" Trump wrote in a post on his social media platform Truth Social.
The move comes ahead of Trump’s inauguration on Monday, which is widely expected to usher in a new era of digital asset adoption.
Trump, who previously called Bitcoin "a scam", has pledged that America would be "the crypto capital of the planet" once he returned office.
$TRUMP was trading just above $71 as of 07:40am ET (12:40 GMT), reaching a market cap of $14.2 billion, according to CoinMarketCap.
Major crypto exchanges including Coinbase (NASDAQ:COIN) and Binance have said they plan to list the memecoin token.
Some 200m of the digital tokens have been issued and another 800m will be released in the next three years, the coin's website said.
U.S. President-elect Donald Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, which quickly soared in market capitalisation to several billion dollars.
"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" Trump wrote in a post on his social media platform Truth Social.
The move comes ahead of Trump’s inauguration on Monday, which is widely expected to usher in a new era of digital asset adoption.
Trump, who previously called Bitcoin "a scam", has pledged that America would be "the crypto capital of the planet" once he returned office.
$TRUMP was trading just above $71 as of 07:40am ET (12:40 GMT), reaching a market cap of $14.2 billion, according to CoinMarketCap.
Major crypto exchanges including Coinbase (NASDAQ:COIN) and Binance have said they plan to list the memecoin token.
Some 200m of the digital tokens have been issued and another 800m will be released in the next three years, the coin's website said.
New #TRUMP Meme Coin Could hit $100 Billion Market Cap By Inauguration Day, But is It For Real?
A coin named Official Trump ($TRUMP) launched on Solana at 2am UTC today and has rocketed to a fully diluted market capitalization of $18 billion, although 80% of supply is locked, so is it a scam?
At press time the token is up 2,386% at $18.086 with trading volume of $564 million. The TRUMP/SOL trading pair has $7.6 million in liquidity.
Degens have aped into the new coin, but are no doubt poised to bail if the token proves to be a fake.
If momentum continues to build around the token as Americans wake from their slumbers, the new $TRUMP coin’s price could very easily hit $100 or more in the run-up to the presidential inauguration on Monday.
A flurry of crypto-friendly executive orders are expected from the White House as soon as next week.
In market capitalization terms, $TRUMP could quickly soar to a fully diluted $100 billion valuation.
Social posts on official Donald Trump accounts have seemed to confirm the legitimacy of the token, first on his Truth Social account and then on his X/Twitter official account.
On the other hand, if the ‘Official Trump’ token is a scam, it will go down in crypto history as one of the biggest and most sophisticated ever.
The gettrumpmemes.com website states that the OFFICIAL TRUMP ($TRUMP) token is “the only official Trump meme”.
A coin named Official Trump ($TRUMP) launched on Solana at 2am UTC today and has rocketed to a fully diluted market capitalization of $18 billion, although 80% of supply is locked, so is it a scam?
At press time the token is up 2,386% at $18.086 with trading volume of $564 million. The TRUMP/SOL trading pair has $7.6 million in liquidity.
Degens have aped into the new coin, but are no doubt poised to bail if the token proves to be a fake.
If momentum continues to build around the token as Americans wake from their slumbers, the new $TRUMP coin’s price could very easily hit $100 or more in the run-up to the presidential inauguration on Monday.
A flurry of crypto-friendly executive orders are expected from the White House as soon as next week.
In market capitalization terms, $TRUMP could quickly soar to a fully diluted $100 billion valuation.
Social posts on official Donald Trump accounts have seemed to confirm the legitimacy of the token, first on his Truth Social account and then on his X/Twitter official account.
On the other hand, if the ‘Official Trump’ token is a scam, it will go down in crypto history as one of the biggest and most sophisticated ever.
The gettrumpmemes.com website states that the OFFICIAL TRUMP ($TRUMP) token is “the only official Trump meme”.
Why is Solana (#SOL ) price up today?
Solana price is up today, matching the upside moves elsewhere in the crypto market as #BTC rises above $100,000.
Data from Cointelegraph Markets Pro and TradingView shows that SOL’s price was $212, up more than 5% in the last 24 hours and 12% over the last seven days.
Optimism returns to the crypto market
The cryptocurrency market as a whole has experienced positive momentum in recent days, with Bitcoin and other major cryptocurrencies also showing gains.
Bitcoin led the gains, jumping as much as 5% from a low of $97,200 on Jan. 16 to an intraday high of $102,088 on Jan. 17. BTC price is up 2% over the last 24 hours to trade at $101,396 at the time of writing.
This boosted market sentiment from Bitcoin has also led to a positive impact on other cryptocurrencies.
For instance, other top-cap cryptocurrencies such as #xrp , #bnb Chain’s #Dogecoin and ADA are also flashing green, as shown in the figure below.
Solana price is up today, matching the upside moves elsewhere in the crypto market as #BTC rises above $100,000.
Data from Cointelegraph Markets Pro and TradingView shows that SOL’s price was $212, up more than 5% in the last 24 hours and 12% over the last seven days.
Optimism returns to the crypto market
The cryptocurrency market as a whole has experienced positive momentum in recent days, with Bitcoin and other major cryptocurrencies also showing gains.
Bitcoin led the gains, jumping as much as 5% from a low of $97,200 on Jan. 16 to an intraday high of $102,088 on Jan. 17. BTC price is up 2% over the last 24 hours to trade at $101,396 at the time of writing.
This boosted market sentiment from Bitcoin has also led to a positive impact on other cryptocurrencies.
For instance, other top-cap cryptocurrencies such as #xrp , #bnb Chain’s #Dogecoin and ADA are also flashing green, as shown in the figure below.
Why is Dogecoin (#DOGE ) price up today?
Dogecoin , the largest memecoin by market capitalization, is leading the recovery in memecoins just days before US President-elect Donald Trump’s inauguration.
Currently trading at $0.40549, DOGE has reached its highest value since mid-December 2024, marking a 10% climb over the last 24 hours and 22% gains over the last week.
DOGE rises alongside other memecoins
The bullish sentiment was not only exclusive to Dogecoin as crypto prices also rallied across the broader memecoin sector, following Bitcoin’s recovery above $100,000.
#SHIB , the second-largest memecoin by market capitalization, followed in DOGE’s footsteps and has jumped 9.5% over the last 24 hours to trade at $0.00002418. #PEPE , the Ethereum-based memecoin, has rallied more than 5.5% over the last 24 hours to trade at $0.00001944.
DOGE’s bull flag points to new all-time highs
Meanwhile, DOGE price technicals show the formation of a bull flag pattern on the weekly timeframe, as shown below.
A bull flag is a bullish continuation setup that forms after the price consolidates inside a down-sloping range following a sharp price ascent.
The pattern resolved after the price broke above the upper trendline of the flag at $0.39 on Jan. 17. If DOGE produces a close above this level, it could rise by as much as the previous uptrend’s height toward the technical target of the flag at $1.75, marking new all-time highs for the memecoin.
Dogecoin , the largest memecoin by market capitalization, is leading the recovery in memecoins just days before US President-elect Donald Trump’s inauguration.
Currently trading at $0.40549, DOGE has reached its highest value since mid-December 2024, marking a 10% climb over the last 24 hours and 22% gains over the last week.
DOGE rises alongside other memecoins
The bullish sentiment was not only exclusive to Dogecoin as crypto prices also rallied across the broader memecoin sector, following Bitcoin’s recovery above $100,000.
#SHIB , the second-largest memecoin by market capitalization, followed in DOGE’s footsteps and has jumped 9.5% over the last 24 hours to trade at $0.00002418. #PEPE , the Ethereum-based memecoin, has rallied more than 5.5% over the last 24 hours to trade at $0.00001944.
DOGE’s bull flag points to new all-time highs
Meanwhile, DOGE price technicals show the formation of a bull flag pattern on the weekly timeframe, as shown below.
A bull flag is a bullish continuation setup that forms after the price consolidates inside a down-sloping range following a sharp price ascent.
The pattern resolved after the price broke above the upper trendline of the flag at $0.39 on Jan. 17. If DOGE produces a close above this level, it could rise by as much as the previous uptrend’s height toward the technical target of the flag at $1.75, marking new all-time highs for the memecoin.
#xrp ’s fundamentals in 2025 could repeat 2017
In 2025, fundamentals are slightly different but remain in favor of XRP.
For instance, a potential resolution to the ongoing SEC vs. Ripple lawsuit under the Trump administration may pave the way for the approval and launch of XRP exchange-traded funds (ETF) in the US.
Related: XRP price to $10–$50 ‘plausible’ if spot ETF approved, ChatGPT says
Analysts at JPMorgan predict such ETFs could bring in $4 billion to $8 billion in capital inflows. Meanwhile, Ripple announced the launch of RLUSD, a stablecoin aimed at enhancing liquidity within the XRPL ecosystem, which adds utility to XRP.
These strong fundamentals could pave the way for XRP/BTC to continue rallying in the coming weeks even if it becomes “overbought.”
XRP price technicals hint at 100% gains
In this bullish scenario, the next upside target will likely be its 0.236 Fibonacci retracement line, aligning with the 6,471 satoshi level (1 satoshi = 0.00000001 BTC). That is about 100% up when measured from current price levels.
XRP/BTC has also broken out of its prevailing eight-year symmetrical triangle pattern to the upside, reinforcing the bullish outlook presented by its 2017 fractal and accompanying fundamentals.
Conversely, XRP’s inability to cross above its prevailing resistance area, defined by the red-colored 1,950-3,550 satoshi range in the chart above, could invalidate the bullish setup discussed above.
In 2025, fundamentals are slightly different but remain in favor of XRP.
For instance, a potential resolution to the ongoing SEC vs. Ripple lawsuit under the Trump administration may pave the way for the approval and launch of XRP exchange-traded funds (ETF) in the US.
Related: XRP price to $10–$50 ‘plausible’ if spot ETF approved, ChatGPT says
Analysts at JPMorgan predict such ETFs could bring in $4 billion to $8 billion in capital inflows. Meanwhile, Ripple announced the launch of RLUSD, a stablecoin aimed at enhancing liquidity within the XRPL ecosystem, which adds utility to XRP.
These strong fundamentals could pave the way for XRP/BTC to continue rallying in the coming weeks even if it becomes “overbought.”
XRP price technicals hint at 100% gains
In this bullish scenario, the next upside target will likely be its 0.236 Fibonacci retracement line, aligning with the 6,471 satoshi level (1 satoshi = 0.00000001 BTC). That is about 100% up when measured from current price levels.
XRP/BTC has also broken out of its prevailing eight-year symmetrical triangle pattern to the upside, reinforcing the bullish outlook presented by its 2017 fractal and accompanying fundamentals.
Conversely, XRP’s inability to cross above its prevailing resistance area, defined by the red-colored 1,950-3,550 satoshi range in the chart above, could invalidate the bullish setup discussed above.
XRP’s 2017 playbook hints at 100% rally vs Bitcoin by March.
#xrp has surged by over 350% versus #BTC since Donald Trump’s US presidential election win in November.
The XRP/BTC pair shows striking similarities to the 2017 bull market, suggesting a potential explosive rally in the coming months if this fractal plays out once again.
Additionally, technical indicators and emerging fundamentals hint at the possibility of the pair doubling in value by March.
XRP price up 32% vs Bitcoin in January
XRP/BTC is up nearly 32% in January 2025, breaking above key resistance levels and entering the overbought zone based on the relative strength index (RSI). The last time XRP/BTC witnessed such RSI levels was in early 2017, right before a 2,500% rally.
RSI crossing above 70 typically precedes a period of market consolidation or correction. However, in certain cases, strong market fundamentals can push prices even higher.
In 2017, the RSI climbed above the overbought threshold of 70 but didn’t immediately result in consolidation or correction. The prevailing euphoria led by the initial coin offering (ICO) boom helped XRP sustain its climb of 2,500% versus Bitcoin.
#xrp has surged by over 350% versus #BTC since Donald Trump’s US presidential election win in November.
The XRP/BTC pair shows striking similarities to the 2017 bull market, suggesting a potential explosive rally in the coming months if this fractal plays out once again.
Additionally, technical indicators and emerging fundamentals hint at the possibility of the pair doubling in value by March.
XRP price up 32% vs Bitcoin in January
XRP/BTC is up nearly 32% in January 2025, breaking above key resistance levels and entering the overbought zone based on the relative strength index (RSI). The last time XRP/BTC witnessed such RSI levels was in early 2017, right before a 2,500% rally.
RSI crossing above 70 typically precedes a period of market consolidation or correction. However, in certain cases, strong market fundamentals can push prices even higher.
In 2017, the RSI climbed above the overbought threshold of 70 but didn’t immediately result in consolidation or correction. The prevailing euphoria led by the initial coin offering (ICO) boom helped XRP sustain its climb of 2,500% versus Bitcoin.
Crypto price today: most altcoins jump tracking Bitcoin, Litecoin surges 12%.
In the broader cryptocurrency market, most altcoins jumped much more than Bitcoin, reflecting an increased risk-on sentiment.
World no.2 crypto Ether gained 2.5% to $3,406.31.
World no.3 crypto #XRP retreated 1.7% to $3.254 after recent gains.
Solana climbed over 5%, and Polygon 5.4%, while #ADA advanced 2%. Among meme tokens, #Dogecoin gained more than 8%.
Litecoin surged 12% after rising more than 10% a day earlier, amid growing optimism over the possible approval of an #LTC -focused exchange-traded fund (#ETF ).
The rally comes after Canary Capital amended its S-1 registration form with the SEC on January 15. Analysts view the amendment as a significant step toward engaging with regulators.
Such filings often suggest that feedback has been received from regulators, with the updates potentially offering insights into the review process.
If approved, the proposed ETF would make Litecoin the third cryptocurrency, alongside Bitcoin and Ethereum, to secure a U.S.-approved spot ETF.
In the broader cryptocurrency market, most altcoins jumped much more than Bitcoin, reflecting an increased risk-on sentiment.
World no.2 crypto Ether gained 2.5% to $3,406.31.
World no.3 crypto #XRP retreated 1.7% to $3.254 after recent gains.
Solana climbed over 5%, and Polygon 5.4%, while #ADA advanced 2%. Among meme tokens, #Dogecoin gained more than 8%.
Litecoin surged 12% after rising more than 10% a day earlier, amid growing optimism over the possible approval of an #LTC -focused exchange-traded fund (#ETF ).
The rally comes after Canary Capital amended its S-1 registration form with the SEC on January 15. Analysts view the amendment as a significant step toward engaging with regulators.
Such filings often suggest that feedback has been received from regulators, with the updates potentially offering insights into the review process.
If approved, the proposed ETF would make Litecoin the third cryptocurrency, alongside Bitcoin and Ethereum, to secure a U.S.-approved spot ETF.