Coin-Turk 12 minutes ago
22
Reports indicate that former U.S. President Donald Trump’s controversial memecoin launch in January may have contributed to a peak in the cryptocurrency market. Macro strategist Jim Bianco noted that there was a brief interval between Bitcoin 
$84,219 reaching its peak during this period and the launch itself.
Bitcoin and Memecoin Impact
According to Bianco, Bitcoin reached approximately $109,000 in January, a surge attributed to the influence of Trump’s memecoin launch. However, Bitcoin’s value recently experienced a decline of over 10% within a 24-hour period.
Platforms like Pumpfun have also drawn liquidity into altcoins through token schemes that last only a few hours, setting the stage for greater lows in the overall altcoin market.
Solana and the Competitive Landscape
Bianco expressed that Solana …
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