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With Bitcoin bleeding value due to a streak of not-so-good political issues, including the recent US tariff threats, AVAX price has also dipped in value. However, the Avalanche price decline has been marginal, since the token has lost only 1% of its total value.
The Solana-based meme coin OFFICIAL TRUMP (TRUMP) is extending its recovery after bouncing from recent lows for the second day.
TRUMP price continues to struggle, dropping more than 4% in the last 24 hours as it trades near historical lows. The bearish momentum has persisted for over a week, causing TRUMP to lose its position as the third-largest meme coin to PEPE, with a market cap now sitting at just over $3 billion.
Late January and early February 2025 provided ample – if ephemeral – opportunities for swift meme coin traders to make a massive profit with either high-profile or accidentally prominent cryptocurrencies.
SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency's jurisdiction as investors lose $2 billion from the token's decline.
Many altcoins are struggling as the fear and greed index remains in the fear zone and the closely watched altcoin season index stays on the sidelines. Most cryptos are down by over 50% from their highest levels this year, making them bargains compared to where they were a few weeks or months ago.
The TRUMP cryptocurrency has plummeted to new lows, erasing most of its value within a month. This drawdown is the result of the ongoing tariff wars waged by the US President.
The cryptocurrency market has resumed its downtrend today, with the market cap losing $125 billion over the last 24 hours.
A cryptocurrency trader who had amassed over $11 million in profits with TRUMP memecoin has given it all back, accumulating more than $21 million in losses amid the tariffs crash.
The crypto market remains under pressure, with Bitcoin (BTC) now trading below the $100,000 mark and Ethereum (ETH) slipping under $3,000.
The President of the United States, Donald Trump, continues to expand his footprint in the crypto space by integrating his official memecoin, $TRUMP, into the sale of merchandise. Holders of $TRUMP can now purchase items such as sneakers, watches, and perfumes using this token.
The 24-hour liquidation heatmap also showed that there was a strong likelihood that TRUMP would gravitate toward $30.7.
After remaining in a downtrend for the past eight days, TRUMP may have bottomed at $25, according to analysts.
The market capitalization of Donald Trump's meme coin, Official Trump (TRUMP), briefly exceeded $14.5 billion; however, it did not have a noticeable impact on the overall cryptocurrency market.
The cryptocurrency market is experiencing a downtrend today, affecting many altcoins. The global cryptocurrency market cap today is $3.37 trillion, down 6% in the past 24 hours.
TRUMP's rapid rise and fall highlights memecoin volatility. Are investors ready to dive back in, or is the risk too steep?
What do a U.S. President, meme tokens, and cryptocurrency exchanges have in common? Together, they are driving the conversation around mainstream crypto adoption.
With Donald Trump assuming office as the US President, the crypto market has experienced heightened volatility. While some altcoins have surged, others have faced significant crashes, and many are gaining attention due to recent developments.
The Official Trump meme coin has bounced back strongly after forming a bottom at $32 with the TRUMP price up 20% at press time moving past $41. This surge comes amid developments of fresh TRUMP ETF filings with the US SEC on Tuesday.
The crypto market's surge preceding US President Donald Trump's inauguration appears to have lost momentum. This is reflected by the drawdown recorded in total market capitalization over the past 24 hours.
The U.S. President Donald Trump's newly launched crypto, TRUMP, has showcased impeccable performance since its inception. The meme coin's price skyrocketed, allowing it to reach an all-time high of over $73.
TL;DR President Trump's inaugural speech avoided crypto topics, causing TRUMP and MELANIA tokens to crash. TRUMP token dropped 43%, while the MELANIA token plunged over 60% due to unmet crypto policy expectations. Experts warn of the risks of celebrity-driven tokens and emphasize the speculative nature of meme coins.
The meme coins tied to President Donald Trump (TRUMP) and Melania (MELANIA), which skyrocketed in popularity and nearly doubled in value within hours, are now in freefall. However, token prices have crashed by 60% in just one day, as traders react to Trump's omission of crypto from his much-anticipated inaugural speech.
Two crypto whales bought 307,400 TRUMP , investing $7.06M and $3.167M during a price dip.
