Global Cryptocurrency Market Update: Trump Sees Surprising Gains, Bitcoin Price Remains Steady

Title: TRUMP Soars 12% Daily, Bitcoin Price Consolidation Continues (Weekend Watch)

The cryptocurrency market has had a rather uneventful weekend, with most larger-cap altcoins experiencing minor gains. However, the real surprise came from Trump, the meme coin launched by the US President and his team, which skyrocketed 12% in just 24 hours.

Bitcoin’s price action continues to be stagnant, with the asset having failed to break above $86,500. Despite the lack of significant movement, it still remains above $85,000.

The weekend has also been characterized by a quiet period for the market cap, which has remained almost unchanged at approximately $2.78 trillion.

Notably, TRUMP’s massive daily gain comes as a surprise considering the overall subdued atmosphere in the cryptocurrency space. It is essential to keep an eye on this asset as it may signal a larger trend change.

On the other hand, Bitcoin has continued its price consolidation phase, unable to make significant moves above $86,500. Despite this stagnation, investors and traders remain cautious but optimistic about the potential for future upward momentum.

It is crucial to note that all cryptocurrency prices are subject to fluctuations based on various market factors, including global economic trends, regulatory changes, and overall investor sentiment.

The author of this article is Jordan Lyanchev

Source: https://cryptopotato.com/trump-soars-12-daily-bitcoin-price-consolidation-continues-weekend-watch/