The digital assets market shows signs of life after prolonged consolidations, driven by macroeconomic uncertainty.
While Bitcoin steadies above recently reclaimed $90,000, TRUMP and MemeFi steal the show with staggering gains in the past day.
Official Trump skyrockets after dinner invitation
TRUMP token saw remarkable surges today to hit a 24-hour peak of $14.
A private invitation to dine with the US president catalyzed the latest surge.
TRUMP’s website highlighted “the most exclusive invitation in the world. Only for the top 220 TRUMP meme coin holders.”
The dinner is scheduled for May 22 at the president’s private club in Washington DC.
Furthermore, the top 25 holders of TRUMP will enjoy a reception.
Official Trump trades at $12.29 after a slight dip from its 24-hour high.
The over 600% uptick in daily trading volume signals magnified interest in the meme crypto.
Donald Trump vowed to make crypto a priority during his presidency.
While experts have criticized mixing politics and crypto, the craze around TRUMP remains undeniable.
The altcoin is gaining interest despite its crash from its January peak of around $75.
Enthusiasts will watch how the “crypto president” influences TRUMP’s growth in the upcoming months and years.
MemeFi pops 86%
TRUMP rallies renewed bullish activities in the meme crypto sector, and MemeFi might testify to that.
The token trades at $0.002768, up 86% over the previous 24 hours.
The magnified trading volume signals surged investor activity as traders look to capitalize on the sudden rebound.
Understanding MemeFi
MemeFi is a Telegram-based platform that blends mobile gaming with crypto features to enable web3 access.
Its meme culture has enriched its gaming ecosystem, turning MemeFi into an impressive brand that resonates with the cryptocurrency community.
With over 10M on-chain wallets and 55 million users, the project has established itself as a top platform for bridging blockchain and the Telegram ecosystem.
Broad-based rallies propelled MEMEFI’s latest surge.
Crypto market overview
Cryptocurrencies are showing a bullish tilt as Bitcoin maintains levels above the key $90,000 mark, recently trading at $93,350.
Renewed optimism is building across the market, bolstered by substantial inflows into spot bitcoin ETFs, which some traders view as a signal of a potential shift in trend direction.
Data indicates that total inflows this week have reached $2.2 billion, underscoring a renewed wave of bullish sentiment.
NEW: 🇺🇸 #Bitcoin ETFs bought $917 million worth of BTC yesterday, bringing total inflows to $2.2 billion this week. Bulls are back 🚀
Bitcoin targets the crucial resistance at $95,000, beyond which it can accelerate to new all-time highs.
Analysts expect continued Bitcoin gains as events like Trump’s eased trade war and regulatory shifts under the new SEC chair bolster investor confidence.
BitMEX co-founder Arthur Hayes trusts this could be the last chance to purchase Bitcoin below the $100,000 mark.
Extended BTC gains will spark explosive gains in the altcoin space.
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