Cryptocurrency prices showed mixed reactions today. Bitcoin (BTC) $104,967.3retreated from the level of $ 106,000 it previously reached and stabilized around $ 101,000. Former US President Donald Trump drew attention with the “TRUMP Coin” he launched two days ago, on this day when he officially started his presidential campaign. While TRUMP Coin increased by 55% in the last 24 hours, Melania Trump also introduced her own meme coin (MELANIA) and gained 2000% in value after its launch.
Fluctuations in the General Crypto Market
Despite these developments, the total value of the global crypto market remained at $3.48 trillion, down approximately 4%. Trade volume increased by 74% to 336 billion dollars.
Bitcoin and Other Major Cryptocurrencies
Bitcoin (BTC) is trading at $101,000, down 2.6%, while Ethereum (ETH) $3,218.5 decreased by 3%. While XRP suffered a 4% cut, Solana (SOL) suffered the biggest losses, falling 7%.
Trump and Melania’s Meme Coin Launches
Donald Trump attracted the attention of investors with the “TRUMP Coin” he launched two days before, on the day his presidential campaign started. While TRUMP Coin increased by 55% in the last 24 hours, Melania Trump also introduced her own meme coin (MELANIA) today and gained 2000% in value after its launch.
Cardano $1.0Charles Hoskinson, co-founder of
He emphasized that 78.5% of Donald Trump’s $29.6 billion net worth is linked to cryptocurrencies.
Performance of Other Cryptocurrencies
There was significant activity in the XRP market, and an XRP whale attracted attention by making a token transfer of $95 million. dogecoin $0.376845 (DOGE) lost 10% and Shiba Inu (SHIB) lost 9%. Other meme coins such as PEPE, BONK and WIF fell between 15-18%.
While Solana (SOL) is among the most devalued cryptocurrencies, down 7%, general market volatility continues. Bitcoin’s decline from $106K to $101K indicates a consolidation phase on the hourly charts.
Crypto market volatility and Trump and Melania’s meme coin launches continue to attract investors’ attention. Despite the decline in overall market value, sudden increases in meme coins and increased trading volume indicate important trends are forming in the cryptocurrency world. Monitoring future market movements will be important for investors.
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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.