Ethereum is showing a familiar pattern - similar consolidation structures appeared before its major rallies in previous cycles. If history repeats, ETH could be setting up for a significant breakout. b
ā Trump Memecoins Surge at the Expense of AI Agent Tokens
The launch of Trump-themed memecoins, $TRUMP and $MELANIA, has diverted liquidity from AI-focused tokens, causing significant declines in their value. AI agent tokens, such as Virtuals Protocol, saw losses of up to 15% in 24 hours as investors shifted focus to the high-traction memecoins. Analysts expect this trend to reverse once the initial hype around the Trump tokens subsides, allowing AI projects to recover their momentum.
āļø Market Overview BTC: $108,400 ETH: $3,375 Fear/Greed Index: 76 (extreme greed) BTC.D (Bitcoin dominance): 58.97% š Itās been a while since weāve seen such an eventful weekend in crypto. From the surprise launch of Trumpās token to Bitcoin reaching a new all-time high (which, by the way, has already been achieved), and amidst all this, struggling altcoins being completely overlooked. But letās break it down. Bitcoin has hit a new high ā $110K. Another major psychological level, which I believe will be broken very soon. Perhaps even today, given that Trumpās inauguration is just a few hours away. One word during his speech, and we could be heading for $120K. ā ļø Unfortunately for those invested in fundamentally strong altcoins, their moment of glory hasnāt arrived yet. Too much attention is focused on Bitcoin and Trump-related memecoins. People are rushing to sell their Solana, Ethereum, and other assets to catch the last train before it leaves the station. Iām preparing a separate post about Trumpās memecoin, which will be out today. Drop your reactions if youāre looking forward to it!
š° Solana Faces Congestion After Trump Memecoins Launch
The launch of TRUMP and MELANIA memecoins on Solana caused network delays and transaction errors due to high trading volumes. Concerns grew as analytics revealed nearly 90% of MELANIA tokens are held in one wallet, despite claims of fair distribution. TRUMPās market cap also dropped $5 billion shortly after MELANIAās release, raising further skepticism.
š Market Overview BTC: $92,986 ETH: $3,157 Fear/Greed Index: 61 (Greed) BTC.D (Bitcoin Dominance): 58.40% š Hello, friends, and welcome to a new trading week! Bitcoin is moving sideways, and we have two key zones where we might see a reaction. Sellers may be waiting in the $96ā97K range, while buyers are likely in the $90ā91K area. Depending on how the price reacts to these levels, we can draw conclusions about its next movements. š This week will be eventful for the crypto market and risk assets. Key macroeconomic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI) for December 2024, is set to be released. With inflation and unemployment on the rise, the Federal Reserve is likely to maintain its tight monetary policy, which reduces capital inflows into crypto assets. So, grab your popcorn and letās see how this week unfolds. What are your predictions for the week?
Crypto Market With this short term liquidity bias, combined with the slightly longer-term bias for liquidity, I think it might be time to set expectations to bottom around here in coherence with a couple of these indicators we've been watching
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