| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106453.2700000000 |
| ETH | $2440.1100000000 |
| BNB | $650.7701300000 |
| XRP | $2.1987030000 |
| ADA | $0.5525935000 |
| SOL | $148.2638000000 |
| DOGE | $N/A |
| DOT | $3.3286800000 |
| LTC | $85.1874000000 |
| LINK | $13.0665300000 |
Category: CRYPTO NEWS
The post Here’s Why ETH stalled as TRUMP Token Rally drives BTC to $105K appeared on BitcoinEthereumNews.com. Ethereum price tumbled 8% in 48-hours to hit $3,130 on Sunday, despite bullish sentiment dominating the crypto sector ahead of Donald Trump’s inauguration. While the likes of Bitcoin and Solana hit record highs, ETH market momentum has been considerably subdued. Ethereum (ETH) decouples from Trump-fuelled Crypto rally as losses near double-digits Ethereum (ETH) paints a bleak picture as latest moves by U.S. President Donald Trump intensified volatility across the global crypto markets. On January 18, Trump announced the launch of the $TRUMP token, a memecoin hosted on the Solana network. The $TRUMP token has seen remarkable success, starkly contrasting the President’s more publicized but controversial World Liberty Financial (WLFI) project, which faced heavy criticism and ultimately failed to gain traction. The $TRUMP token has amassed a market cap exceeding $7.4 billion, with trading volume surging to $14.8 billion as of Sunday, January 19. The memecoin’s rapid ascent has shaken the crypto market, surpassing the combined 24-hour trading volumes of Shiba Inu (SHIB) and Dogecoin (DOGE), making it the most-traded memecoin within 24 hours of its launch. Ethereum price action | ETHUSD Crucially, the $TRUMP token rally has coincided with an unexpected downturn in Ethereum price performance. ETH price has plunged 8% since the memecoin’s launch, dropping from $3,494 on Saturday to a weekly low of $3,130 as of January 19, as depicted in the TradingView chart above. This sharp decline raises concerns among Ethereum’s community and market speculators about the broader implications of Trump’s crypto moves on Ethereum’s market dominance. Ethereum Foundation’s Persistent Sell-offs dampening ETH momentum Donald Trump’s choice of Solana as the host network for his memecoin has further tipped the scales against Ethereum in the Layer-1 smart contract network battle. Within 24 hours of Trump’s token launch, Solana’s price skyrocketed to a new all-time high of $275,…
2025-01-19T14:44:09+00:00
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