💥 CRO currency jumps 40% after its association with Trump, and Bitcoin halts at $112K: Market monitoring
The cryptocurrency market today is witnessing a notable divergence between pressure on Bitcoin and a strong rise in several altcoins, most notably CRO.
🔹 Bitcoin (BTC)
It recently declined to its lowest level in 7 weeks at less than $109,000.
It attempted to recover and touched $112,300 but failed to break the resistance.
Currently trading below $111,000 with a market value of about $2.2 trillion.
Its market dominance has dropped to 56%, allowing altcoins to move strongly.
🔹 CRO currency (Crypto.com) – the brightest star ✨
Trump Media & Technology Group (linked to former US President Donald Trump) announced a major partnership with Crypto.com.
The agreement includes the listing of CRO on the Truth Social platform and the establishment of a joint venture that will acquire about 20% of the total supply.
Result: A massive price jump of over 40% 🚀 bringing the price to $0.22, a new annual high.
🔹 Performance of other altcoins
HYPE rose by +8%.
Solana (SOL) rose +7%.
OKB achieved +5%.
Meanwhile, major currencies like ETH, XRP, BNB, DOGE, ADA, LINK have made significant gains ✅.
📊 Total market capitalization
The market has risen by over $60 billion in the past 24 hours, reaching $3.93 trillion.
⚡️ Summary:
Bitcoin is still facing tough resistances that limit its rise.
Altcoins, especially CRO, are stealing the spotlight thanks to political partnerships and major deals.
The upcoming period may bring greater momentum for altcoins if pressure on Bitcoin continues.
