The cryptocurrency market is exhibiting low volatility as Bitcoin stabilizes around $95,000. Meanwhile, the TRUMP token is facing significant selling pressure.
Bitcoin Consolidation
Bitcoin continues to consolidate around the $95,000 mark. Last week, the cryptocurrency saw substantial gains, starting from $84,000 and reaching $96,000 on Friday. Although it couldn't maintain this level and slightly retreated to $93,000, buyers managed to support the price around $95,000.
TRUMP Token Slump
The TRUMP token, which previously gained traction after news of a special dinner with the US president, experienced a sharp drop of over 7% following reports of significant token sales by its team. Meanwhile, other large-cap altcoins are also showing negative performance, with BCH demonstrating over 5.5% growth.
Overall Market Situation
The total cryptocurrency market capitalization remains just under $3.1 trillion. In this context, most large altcoins such as XMR, SUI, SOL, HBAR, XLM, ADA, DOGE, and XRP are also experiencing declines, while BNB, ETH, and LINK are recording minor gains.
The situation in the cryptocurrency market remains unstable, with a clear divide between leading assets such as Bitcoin and other tokens facing pressure.
