Today, Bitcoin (BTC) 
$0.007189 has achieved a new all-time high as Trump officially takes office. Trump’s crypto venture, WLFI, reportedly amassed $50 million worth of altcoins today. Moreover, amidst the top 30 cryptocurrencies, Trump’s and his spouse’s meme coin has found its place over the past few hours. This week appears to be one of the most intriguing of the year, with volatility remaining exceptionally strong.
Crypto Market Predictions
While altcoins continue to face declines, some exceptions exist. XRP Coin is rising due to the resignation of Gensler and the anticipated crypto regulations coming within hours. A significant portion of altcoins has dropped in value as Trump’s and his spouse’s meme coin captures liquidity worth billions.
Michael Poppe, in his latest assessment, argued that the upward trend will continue and spread further.
“Last week, on Monday, Bitcoin captured liquidity and reached the $88,000 mark. Now, Bitcoin is at $108,000, marking a new all-time high. What’s next? There are no clues yet. However, if Bitcoin stays above $100,000, the upward trend will likely continue, initiating a rise for altcoins.”
Altcoin Sherpa expressed satisfaction over Bitcoin’s (BTC) price surpassing its all-time high. However, he expects daily and weekly closes to remain above this crucial level.
“I believe this will likely happen within the next few days; there is a ton of volatility and liquidity gathered during the Trump frenzy. We will see higher prices.”
Comments on Altcoins
Moustache shared the TOTAL2 chart, noting that the process of exiting the six-week consolidation phase has begun. While Trump Coins have caused abnormal exits in altcoin market capitalization, it seems likely that profit-taking investors will return to popular altcoins. This situation could be likened to a cycle phase where BTC’s price weakens after reaching a sufficient height, allowing altcoins to see greater peaks.
“TOTAL2 is in the process of exiting a six-week consolidation phase. I think the rise is closer than we think. You may never see such an opportunity again, so make the most of the coming weeks and please don’t get shaken out.”
BTC is on the threshold of $108,000, and the U.S. markets are closed due to holidays. Many upcoming crypto-related Trump decrees are expected to increase volatility in the coming hours.
