TRUMP Overtakes SHIB in Meme Coin Battle, BTC Nears $105K (Weekend Watch)
Bitcoin’s 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
It’s safe to say that the past 36 hours or so belong to Donald Trump’s 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.
The other notable gainer from TRUMP’s success is SOL since the meme coin was launched on the latter’s 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.
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 didn’t allow any further declines and helped the asset recover all losses within days.
Even the CPI numbers from the US couldn’t 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%.
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