Recent events in the crypto market, including Melania’s token launch, have shifted its dynamics. Let's review the key changes and their market impact.
What Triggered Market Changes?
The crypto market has been influenced by several key events in recent weeks: the launch of the Trump and Melania tokens, which altered market sentiments; the launch of the Deepseek R1 AI model, causing NVIDIA shares to drop 17%; and the US imposition of tariffs on China, Mexico, and Canada, impacting the broader economic landscape.
Shifts in Crypto Narratives
Current crypto narratives have shown significant shifts. Memecoin mania peaked with Trump's token launch, but subsequent initiatives, such as Melania’s token launch, have frustrated investors. The AI token sector has collapsed, losing over 60% of its market cap, while SocialFi projects failed due to scandals and internal issues.
Current Market Trends
Despite the short-lived nature of recent crypto narratives, some technical indicators suggest the market has not yet peaked. Indicators like the 2-Year MA, Ahr999, and Pi Cycle suggest potential growth despite Bitcoin’s current high price.
The crypto market continues to exhibit high volatility with significant shifts prompted by recent events. Key market indicators suggest that the cycle peak may still lie ahead.
