Bitcoin rallied past $80K as total crypto market cap reached $2.69T, while the Trump-linked meme token TRUMP fell 15% to a three-month low.
Macro & Markets ·
Bitcoin rallied to a weekly high of $81,000 after rebounding from a seven-week low, according to market data, lifting its market cap to $1.610 trillion and extending its dominance over altcoins to above 60%. The broader cryptocurrency market expanded 2.3% to reach $2.690 trillion. Ethereum and XRP posted significant gains, with ETH surpassing $2,400 and XRP climbing to $1.32, though several altcoins lagged the broader upward movement.
The Trump-linked meme token fell 15% over 24 hours to reach a three-month low during the same period. While major assets gained, the token's decline underscored divergent momentum across market segments, with some projects struggling to keep pace with the rally in large-cap cryptoassets.
What remains unclear is the duration of Bitcoin's recovery above $80,000 and whether the broader market strength will sustain or face headwinds. The causes driving the Trump token's sharp decline and the relative underperformance of certain altcoins also warrant further investigation.