The cryptocurrency market opened the week with mixed momentum as Bitcoin (BTC) held above the $102,000 mark despite short-term volatility. While the flagship digital asset showed resilience, broader market sentiment remained cautious, reflected in a neutral Fear & Greed Index score of 58 out of 100. A wave of political-driven speculation propelled meme coins into the spotlight, with the newly launched TRUMP token emerging as the top gainer, surging over 41% in 24 hours. This surge coincided with heightened interest surrounding Donald Trump’s presidential inauguration, fueling retail participation and speculative trading across decentralized platforms.
At the time of writing, the global crypto market cap stood at $3.54 trillion, down 2.87% over the past day. Despite this dip, institutional engagement remains strong, with consistent Bitcoin ETF inflows and strategic accumulation patterns observed among major holders.
Bitcoin Price Analysis: Consolidation Near $102,000
Bitcoin price was recorded at **$102,385.10**, reflecting a slight 24-hour decline of 1.51%. Earlier in the week, BTC briefly climbed to $106,100 before pulling back, indicating resistance near the $105,000–$106,000 range. Analysts suggest this consolidation phase is healthy after recent all-time highs.
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Indian exchanges reported BTC trading at approximately ₹88.69 lakh, aligning with global trends. Key support levels are now seen at $98,000** and **$95,000, while a decisive breakout above $105,000** could reignite bullish momentum toward **$110,000.
Market watchers point to rising trading volumes and sustained institutional demand—particularly from firms like MicroStrategy, which may be acquiring BTC for an 11th consecutive week—as signs of underlying strength.
Ethereum and Major Altcoins: Mixed Performance
Ethereum (ETH) Holds Steady
Ethereum traded at $3,300.14, up 1.32% over 24 hours. In India, ETH was valued at ₹2.86 lakh. Despite lagging behind meme-driven rallies, ETH continues to serve as a cornerstone for DeFi and NFT ecosystems.
Solana (SOL) Retreats After Spike
Solana dropped 8.38% to $246.19** (₹20,896.52 in India), retreating from its intraday high of **$294.33—a new all-time high fueled by the TRUMP memecoin launch on the Solana blockchain. The surge in DEX volume, exceeding $27 billion, underscored Solana’s growing role in decentralized finance.
Ripple (XRP) and Litecoin (LTC) Dip
- XRP fell 2.12% to $3.11 (₹268.99 in India)
- LTC declined 1.98% to $117.64 (₹10,190.71)
Both assets showed limited reaction to macro developments, remaining range-bound amid broader market caution.
Dogecoin and Meme Coin Volatility
Dogecoin (DOGE) saw a sharper correction, dropping 5.73% to $0.3642 (₹31.79). As one of the original meme coins, DOGE continues to react strongly to social media sentiment and celebrity mentions.
Meanwhile, new political-themed tokens sparked explosive activity:
Top Gainers (Last 24 Hours)
- TRUMP (OFFICIAL TRUMP): +41.36% | Price: $49.14
- Fartcoin (FARTCOIN): +20.75% | Price: $2.03
- Melania Meme (MELANIA): +8.17% | Price: $7.93
- Dexe (DEXE): +6.42% | Price: $18.06
- OKB: +3.21% | Price: $59.29
Notably, TRUMP token volume exceeded $42 billion, making it the most traded cryptocurrency after USDT, BTC, and ETH—highlighting unprecedented retail interest.
Market Reactions and Expert Insights
Industry leaders offered divergent views on current market dynamics:
“Bitcoin is stabilising at $101,400 after hitting a peak of $106,100 over the weekend,” said Edul Patel, CEO of Mudrex. “The launch of Trump’s own meme coin has raised investor confidence in a crypto-friendly announcement after the inauguration.”
Avinash Shekhar of Pi42 emphasized technical levels:
“BTC faces a critical test at $105,000. A decisive breakthrough may pave the way for new highs, potentially reaching $110,000.”
However, Sathvik Vishwanath of Unocoin noted turbulence:
“Bitcoin fell below $100,000 amid market turmoil… triggering a broad selloff and liquidating $1.2 billion across 412,803 positions.”
Shivam Thakral of BuyUcoin highlighted sentiment shifts:
“Trump's memecoin plummeted 38% following the launch of Melania Trump's competing token—showing how quickly narratives can shift.”
Sumit Gupta of CoinDCX underlined infrastructure impact:
“The TRUMP token launch on Solana pushed DEX volume to record highs, reinforcing Solana’s scalability advantages.”
Frequently Asked Questions (FAQ)
Q: Why did the TRUMP coin surge so dramatically?
A: The surge was driven by speculation around Donald Trump’s pro-crypto stance and his inauguration as U.S. President. Retail investors flocked to the newly launched token on Solana, creating a short-term FOMO effect.
Q: Is Bitcoin entering a bearish phase after falling below $100K?
A: Not necessarily. While BTC briefly dipped below $100,000, it quickly recovered above $102K. Such volatility is common after sharp rallies. Institutional buying and ETF inflows suggest long-term confidence remains intact.
Q: What caused Solana’s price spike and subsequent drop?
A: Solana surged due to massive decentralized exchange (DEX) activity tied to the TRUMP memecoin launch. Once initial excitement faded and competing tokens emerged, profit-taking led to a pullback.
Q: Are political meme coins a safe investment?
A: No. These assets are highly speculative and driven by sentiment rather than fundamentals. They often experience extreme volatility and are not recommended for risk-averse investors.
Q: How does market sentiment affect crypto prices?
A: Sentiment indicators like the Fear & Greed Index reflect investor psychology. A neutral reading (58) suggests balanced emotions—neither panic nor euphoria—often preceding directional breaks based on news or macro events.
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Final Outlook
The crypto market remains in a phase of consolidation and narrative-driven volatility. While Bitcoin stabilizes near key psychological levels, altcoins—especially meme-based tokens—are reacting sharply to external events. Institutional participation continues to grow, offering a counterbalance to retail speculation.
As regulatory clarity evolves and adoption expands, investors are advised to focus on long-term fundamentals while using short-term movements as opportunities for informed entry or exit.
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