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Bitcoin is continuing its downward trend, and the market is starting to look bearish. The price has also fallen below the $80,000 mark. There is a CME gap around the $77,400 level, which is now the last chance for a bounce. If it fails to recover from this point, we could see a decline towards the $72,000-$74,000 support area hold $BTC
Ethereum (ETH) is struggling to break above the resistance area and continues to test this level. Despite the recent Bybit hack, the price has managed to recover to the same levels. We may see a strong rally if the price breaks above the $2900 mark. $ETH
Due to its relationship with interest rates, CPI can affect all types of financial markets, including crypto. While its influence on crypto markets is complex and multifaceted, a few points are worth noting.
1. Inflation hedge
As the CPI rises throughout the years, investors search for financial assets that can preserve their wealth and purchasing power. Despite being volatile, there is a growing interest in adding Bitcoin and other major cryptocurrencies to long-term investment portfolios as a hedge against inflation.
2. Monetary policy and market sentiment
As we’ve learned, changes in CPI influence central bank policies. For example, if CPI data indicates high inflation, central banks may raise interest rates. Higher interest rates can make traditional investments more attractive, potentially leading to a decline in cryptocurrency prices. In contrast, lower interest rates tend to affect the crypto markets positively.
3. Adoption and usage
Cryptocurrencies are considered high-risk assets and can be volatile in the short term. However, on a longer timeframe, persistently high inflation can erode trust in fiat currencies, possibly leading to increased adoption and usage of cryptocurrencies.
The current price is finding support at the uptrend line. You can consider opening a small long position at this support level with a stop loss in place. We may see a bounce toward the resistance area.
Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) is hovering at 1.01, just above the breakeven mark. Historically, similar resets in mid-2020 and late 2023 triggered major rallies as buyers stepped in to absorb sell pressure. If it holds here, we could be looking at another bullish continuation! 🚀
However, if aSOPR drops below 1.0, it could signal increasing sell-side pressure, leading to further corrections. This is a decisive moment for Bitcoin’s trend—will the bulls defend this level, or will the bears take control? 👀 $BTC
ALT was unable to break through the $0.051 level and faced rejection at the resistance line. We might see a test of the support line to observe how the price reacts there. This area is not ideal for trading, so it is best to wait for a breakout above the $0.051 level. $ALT
In January 2025, the U.S. president-elect, Donald Trump, launched a meme coin called the Official Trump (TRUMP). The cryptocurrency project has quickly gained attention for its approach and quick growth, crossing the $10 billion market cap in less than two days.
What Is the Official Trump Meme Coin?
Launched on the Solana network, the TRUMP meme coin is a cryptocurrency introduced as a way to celebrate Donald Trump's recent electoral victory ahead of his inauguration.
Similar to other meme coins, the TRUMP token was inspired by internet memes and culture. However, unlike Bitcoin or Ethereum, which aim to solve specific problems, meme coins thrive on community engagement and popularity. Naturally, the “Official Trump” meme coin was significantly boosted by Trump’s influence as a political figure.
TRUMP Coin Announcement
The TRUMP coin was officially announced via Truth Social, Trump's social media platform. The announcement described it as a symbol of "winning" and invited supporters to join Trump's community by acquiring the meme coin. The slogan "Fight, Fight, Fight" has been prominently used in promotions in an attempt to emphasize unity and resilience among Trump’s supporters.
Price is currently testing the support area, with a long wick indicating liquidations and stop hunting. You can consider opening a long position at the support area, setting a stop loss.
#TFUEL again back into the consolidation zone and nearly going into support zone with the support of the trendline. The consolidation is long and buys looks favorable as per the market conditions. $TFUEL #Write2Earn!