😱 Unstoppable! Trump and Credit Suisse Surge Over 70% — Altcoin Frenzy Ignites! 🚀🔥

This week, the cryptocurrency market rebounded strongly, with Bitcoin breaking $95,000. Altcoins like TRUMP and SUI became the focus, soaring 79% and 70% respectively. The trading price of Bitcoin is reported at $94,358.49 (down 0.45% for the day), recovering from a flash crash driven by decoupling from the stock market, the narrative of digital gold, and a softening of Trump's tariff stance. The Fear and Greed Index shows 'Greed', with traders targeting $100,000.

Driven by Bitcoin's rise, altcoins have erased their losses from April. The surge of Trump Coin is related to Trump's invitation to top holders for the 'Meme Coin' dinner, although its price of $16.21 is still below the $75 peak in January. SUI's strong performance in the DeFi space spurred its rise, with trading volume skyrocketing. On-chain data from Santiment and CryptoQuant shows that the social influence of Trump Coin and the derivatives activity of SUI supported further increases.

Price Outlook:

Trump: RSI is 69, MACD is bullish, suggesting a rise of 34% to $18.22, with the next targets being $22.42-$30.60.

SUI: Current price is $3.5791, targeting $4.0105 (up 12%), but RSI is in the overbought area (>70), warning of a pullback to $2.75-$2.89.

Institutional demand for Bitcoin ETFs is set to peak in 2025, while altcoin ETFs are also on the horizon under the leadership of SEC's Paul Atkins. However, CryptoQuant notes that the momentum of new investors is declining, which may redirect funds back to altcoins, fueling the rise of Trump Coin, Credit Suisse, and meme coins.