Switzerland gathers support for a national vote on Bitcoin reserves. The initiative aims to pressure the Swiss National Bank for reconsideration. Continue Reading: Switzerland Plans to Embrace Bitcoin Reserves with National Vote The post Switzerland Plans to Embrace Bitcoin Reserves with National Vote appeared first on COINTURK NEWS .
Bitcoin has recently surpassed the $105,000 mark, coinciding with a significant accumulation of whale wallets, marking a milestone not seen in seven years. This price surge presents a stark contrast
While the TRUMP memecoin has stolen the headline since it launched late on Friday, the Donald Trump NFT collection also quietly posted a 400% surge throughout the day on Saturday. Crypto stakeholders were expecting regulatory clarity and more friendliness toward the industry. Nobody saw him launching a memecoin days before his inauguration. According to reports, the incoming POTUS did not inform those in his circle of his plans to launch a memecoin. The token launch went live hours before the inaugural crypto ball hosted by Trump’s White House Czar, David Sacks. Analysts calm talks of reward for NFT holders Growing speculation that holders of Trump’s NFT cards could get allocations of the memecoin caused the collection’s floor price to surge over 400% today. The floor price surged as high as $1,000, making the trading cards one of the best-performing NFT projects in recent times. Trading activity of Trump NFT trading cards surged along with the memecoins. Source: MagicEden The NFTs were sold in multiple issues, with an average price of $99 per card. With today’s rally, some holders are up by as much as 13x their buying price on the NFTs. Investors active in the space quickly highlighted that the same company that helped launch the NFT collections, CIC Digital, is also involved with the TRUMP memecoin. However, it appears that NFT holders will not receive any automatic allocations or airdrops as outlined on the gettrumpmemes.com website. The “meme cards” term that led holders to speculate about a potential allocation appears to be another term the project used to describe its tokens, not the previously held NFT cards. UPDATE: Apparently they call the $TRUMP itself "meme cards" which is also in their terms & conditions. This makes an airdrop highly unlikely, since "card allocation" in this context means basically "tokenomics", not "allocation for trading cards NFTs" pic.twitter.com/B2rQmIYSWD — wale.moca 🐳 (@waleswoosh) January 18, 2025 The collection trades on Polygon and has seen a 24-hour trading volume of 2,380,000 $POL ($1.1 million). The project has yet to make any announcements or acknowledge any chatter about NFT holders receiving token allocations or airdrops. TRUMP token continues to divide opinions Like Donald Trump, his memecoin evokes mixed reactions on opposite ends of the spectrum. On one hand, some crypto citizens are excited by the POTUS interacting with crypto at this level. However, the other camp is skeptical about the long-term effect of involvement with the crypto community. Already, many in his circle have made bank thanks to the series of launches linked to his name. World Liberty Finance , the DeFi project linked to the Trump family is also closely tracked as some in the crypto space consider its transactions with projects as endorsements . Another issue investors have noted is that Trump Group affiliates CIC Digital LLC and Fighter Fight LLC hold 80% of the token’s total supply. However, those tokens are subject to a 3-year unlocking plan, which helps to allay fears of a sudden dump on the market. However, there are now claims the launch team has sold up to $500 million worth of the memecoin already. Still, the memecoin continues to soar to new levels. It has already gained over $5 billion in market cap and almost $13 billion in trading volume to trade for about $29. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
As Bitcoin surpassed $105K, whale wallets hit a 7-year milestone.
Merely two days prior to Donald Trump’s inauguration as the 47th President of the United States, Bitcoin.com News engaged in an intriguing dialogue with multiple chatbots, soliciting their forecasts for bitcoin’s price post-ceremony on Monday. Forecast Frenzy: AI’s Bold Bitcoin Predictions Ahead of Trump’s Big Day This weekend, our newsdesk indulged in an intellectual frolic,
Ethereum founder Vitalik Buterin has made waves again with his latest move. Buterin set one of Milady’s NFTs, an NFT collection, as his Twitter profile picture, causing a sudden surge in the price of the associated memecoin Milady Meme Coin (LADYS). Buterin's last set profile picture. It is not known why Buterin made this move, but recently influential names have started to have a great price impact on the memecoin market. Recently, US President Donald Trump also launched a memecoin on Solana. Buterin shared in his statement today that the Ethereum Foundation will undergo an overhaul. Buterin, who is not on good terms with memecoins, regularly sells memecoins sent to him for free. *This is not investment advice. Continue Reading: BREAKING: Vitalik Buterin Makes a New Profile Picture Linked to This Altcoin, Price Fluctuates
Kraken has become the first major US-based crypto exchange to list Official Trump (TRUMP), the Solana-based meme coin launched by self-proclaimed ‘crypto president-’ Donald Trump. According to the company’s official announcement , trading for the controversial token began at 20:15 PM UTC on January 18. But as the token hits Kraken, it also saw a 35% decline in value. The token, which celebrates Trump’s leadership and his campaign slogan “Fight, Fight, Fight,” debuted only a few hours ago but has since seen an over 120,000 surge. TRUMP has now surpassed retail sensation stock GameStop (GME), which made history in 2021 and was thought to be the biggest market mania of the 2020s. The initial market frenzy sent TRUMP’s market cap soaring to nearly $6 billion, according to data from CoinMarketCap. Trump launched the meme coin on January 17 through a post on Truth Social and X (formerly Twitter). In his signature style, Trump hyped the token as a rallying point for his movement, declaring, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” The coin’s official website described TRUMP as a token for those who “don’t back down, no matter the odds.” And Trump’s highly-anticipated inauguration is less than 48 hours away. Behind the scenes, the token is managed by Fight Fight Fight LLC, a company promising to release an additional 800 million TRUMP tokens over the next three years. A first batch of 200 million coins hit the market during the launch. Exchanges pile on Other major centralized exchanges (CEXs) were ahead of Kraken. Singapore-based Crypto.com added trading pairs, allowing users to purchase TRUMP using USD, EUR, and 20 other fiat currencies. Meanwhile, Bybit opened pre-market trading for TRUMP/USDT with a call auction on January 18 at 9:35 AM UTC. On decentralized exchanges (DEXs), the token gained traction too. Platforms like Raydium, Orca, and Meteora listed TRUMP. In total, more than ten exchanges, including MEXC, HTX, and CoinW, now support TRUMP trading pairs. But this whole thing is just Trump putting his money where his mouth is. Last summer, he spoke at a Bitcoin conference in Nashville, promising to make America the “crypto capital of the planet.” His sons, Donald Jr. and Eric founded World Liberty Financial, a family-run venture focused on decentralized and centralized finance (DeFi and CeFi). Eric has called TRUMP “the hottest digital meme on earth.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin has dropped below the critical $104,268 level, signaling the start of a market correction after an extended period of bullish performance. This pullback has caught many traders off guard as they had expected BTC’s upward trend to continue. The shift in sentiment is driven by profit-taking, caution from institutional investors , and broader economic concerns affecting risk assets. Also, the breach of the $104,268 support level raises concerns about further declines, with lower support zones now in focus. While the correction may feel unsettling, it is a natural part of Bitcoin’s volatile price movements. The next few weeks will determine whether the asset can regain stability and reclaim key support levels or if bearish momentum will persist, potentially leading to a more significant downturn. Bearish Momentum Builds: Bitcoin Struggles Below $104,268 Bitcoin is currently trading below the critical $104,268 level, which increases the likelihood of more declines. BTC’s price action is showing signs of negative movement, with selling pressure outweighing buying interest. As BTC remains below this key support threshold, the risk of deeper corrections grows. However, it’s also important to remember that corrections are a natural part of BTC’s price action, often presenting buying opportunities for long-term investors. If the asset finds support at these lower levels and stabilizes, there’s still potential for a rebound. However, the market remains cautious for now, with bearish momentum continuing to build as Bitcoin struggles to break back above the $104,268 mark. Furthermore, the Relative Strength Index (RSI) aligns with Bitcoin’s current price action, reflecting a cooling of market momentum. As the RSI moves from overbought levels toward neutral territory, it suggests that buying pressure is diminishing. Typically, this shift coincides with the pullback below the $104,268 support level, indicating that the previous bullish strength may be fading. With the RSI trending lower, the market appears to be cooling, suggesting the possibility of further downward movement unless buying interest returns. Can BTC Recover After Dropping Below $104,268? BTC’s recent drop below the $104,268 level has raised concerns about its near-term outlook, but the road ahead remains uncertain. Traders will be closely monitoring how the asset reacts to this key support breach. A successful recovery above $104,268 could signal a potential rebound, causing a move toward the current all-time high of $108,311 for a retest. In contrast, failure to reclaim this level might lead to more drops, testing lower support zones such as the $100,000 mark. Bitcoin’s ability to stabilize and regain upward movement will be crucial in determining whether the recent pullback is a temporary setback or the start of a deeper correction.
The unexpected launch of the Official Trump memecoin has sent shockwaves through the crypto market, particularly impacting Solana’s price dynamics. While the launch drew considerable attention, questions linger about the
The Official Trump memecoin launch captivated the crypto market and could be behind Solana’s new price highs, but the real question is, how sustainable is the rally?