Significant increases were observed in the cryptocurrency markets today. Bitcoin (BTC) $102,590.7 Its price exceeded the level of 105 thousand dollars after Donald Trump took office. Ethereum (ETH) 
$3,274.8Leading cryptocurrencies such as , XRP and Solana (SOL) also followed a positive trend. Meme coins also attracted attention with tokens such as DOGE, SHIB and PEPE. Additionally, TRUMP and AI16Z tokens stood out with gains of 20-30%.
Market General Situation
Global crypto market cap reached $3.64 trillion, up 3 percent. However, total market trading volume decreased by 36% yesterday to $202.11 billion. This caught the attention of market participants and caused them to reconsider their investment strategies.
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Bitcoin is trading at $105,750, up 3% in the last 24 hours. Top analyst Ali Martinez stated that Bitcoin whales purchased 22,000 BTC. This move increased optimism about future price movements.
Revival in Meme Coins
Meme coins also made significant gains. DOGE rose over 8% to $0.3727. SHIB and PEPE also increased by 4% and 5% respectively. TRUMP token increased by 21% to $41.02.
“The large purchases by BTC whales indicate that the market will be even stronger in the future,” said Ali Martinez.
Ethereum price is trading at $3,333, up 2%. According to Crypto Caesar’s comment, major movements are expected in ETH in the coming period. XRP, on the other hand, remained above the $3 level and continued its 2% increase.
Solana reached $254 with a 7% rise. Trump’s TRUMP token launch increased the positive impact on Solana. On the other hand, tokens such as AI16Z and Sonic were also among the top gainers.
The market’s recovery gave investors hope after Trump’s presidential inauguration. Additionally, Trump’s decision to pardon Ross Ulbricht created a positive atmosphere in the market. Ulbricht’s 173,991 BTC seized could have significant impacts on the market.
This activity in the crypto market created various opportunities for investors. However, the decrease in transaction volume shows that caution is needed. Following market trends closely can be important for investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
