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#FedHODL BTC price taps $106K as US GDP miss boosts Bitcoin bull case Bitcoin continues to flirt with a breakout toward all-time highs as macro tailwinds strengthen. Bitcoin $BTC sought to preserve $105,000 at the Jan. 30 Wall Street open as US Q4 GDP delivered a “big miss.”
Bitcoin gains as focus switches to US PCE print Data from Cointelegraph Markets Pro and TradingView showed BTC price strength persevering, with BTC/USD up 2% on the day.
The latest US macro data fell considerably short of expectations, with Q4 GDP coming in at 2.3% versus the forecast 2.5%.
“Immediate response: Yields down, Dollar down, $ETH vs. $BTC up strongly, Altcoins surging,” Crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in part of a reaction on X, calling the result a “big miss.”
“The pendulum starts to change and I think this is going to continue coming period The S&P 500 and Nasdaq Composite Index both opened up around 0.5%, while the US dollar index (DXY) saw a snap dip to 107.5.
“As predicted GDP is going lower again,” popular crypto commentator Seth continued in his own X post.
TRUMP memecoin makes record price run, possibly multiplying Donald Trump’s net worth by 5x The "official" $TRUMP memecoin has seen almost $10 billion in trading volume in less than 24 hours, and the rally looks set to continue On Jan. 18, 2025, the cryptocurrency market witnessed a significant event with the launch of the "OFFICIAL TRUMP" ($TRUMP) memecoin on the Solana blockchain. Its price has soared over 490% in less than 24 hours. OFFICIAL TRUMP becomes top 30 crypto overnight : Donald Trump has announced the token from his official accounts on Truth Social and X, and the token’s introduction led to a whirlwind of activity, capturing headlines and the attention of traders worldwide. This rapid rise was fueled by a near 500% surge in value shortly after its debut, with 24-hour trading volumes exceeding $12 billion.
The launch of TRUMP had a profound impact on the Solana ecosystem. The token, which was built on Solana, has attracted traders’ attention for memecoin creation and significantly boosted its trading volumes. Solana’s native token, SOL, experienced a notable jump in price, rising to hit a new all-time high above $270 on the day.
This jump was part of a broader trend where Solana-based memecoins and DeFi projects saw increased interest, leading to a shift in liquidity from other networks like Ethereum, where several prominent memecoins saw dips in value due to this shift. Moreover, SOL price has jumped against Etherium to a new all-time high of 0.081, largely due to the launch of the TRUMP memecoin. $BTC #eterium #TRUMP #bitcoin #memecoins #TRUMPCoinMarketCap
Traders bag millions as Trump team confirms launch of Solana memecoin US President-elect Donald Trump’s Solana-based memecoin, $TRUMP, sparks a trading frenzy fueled by high-profile trades and notable whale activity. Crypto traders are raking in millions following the launch of Official Trump (TRUMP), a Solana-based memecoin introduced by US President-elect Donald Trump. Announced on Jan. 17, just days ahead of his inauguration as the 47th president of the United States, TRUMP reached a market cap of nearly $9 billion within hours, surpassing memecoins like , $PEPE $BONK “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR TRUMP NOW,”
Trump posted on Truth Social and X. Whales join the action : Large investors, or “whales,” also jumped in. One whale withdrew 61,205 SOL — worth over $14.3 million — from crypto exchange OKX to buy 1.27 million TRUMP tokens. Another spent 8.5 million USDC to purchase 1.03 million tokens at an average price of $8.28. TRUMP traded at $18.82 at the time of writing, with a market cap of $4.28 billion, up 10,222% since launch and generating $1.71 billion in trading volume across 227,625 transactions.
Solana’s DEX volumes hit record highs : The launch of TRUMP propelled Solana’s decentralized exchange (DEX) volumes to a record $12.9 billion within 24 hours. Among the DEXs trading TRUMP, Meteora led with over $4 billion in 24-hour volume, followed by Orca and Raydium. Centralized exchanges like binance have listed the token. #bitcoin #TRUMP #PEPE #Bonk Note: Not financial Advisor