Bitcoin Inches Close to New All-Time High, Trump Meme Coin Soars

Bitcoin’s price continued its volatile journey recently, reaching a few inches away from setting a new all-time high before retreating slightly. Despite weekend trading dips, the cryptocurrency saw a surge Sunday evening that pushed it past $106,000 before encountering resistance at higher levels. Following a brief pullback, Bitcoin surged to new multi-month highs of over $107,000, but then dropped back below $102,500 by the end of Monday before a strong rebound on Tuesday. A final attempt at breaking through the $108,000 mark was halted as of early Wednesday, leaving Bitcoin trading slightly under that milestone. However, its momentum continued with Bitcoin’s market cap reaching $2.120 trillion, and its dominance over other altcoins approaching 61%. Meanwhile, a surge in meme coin Trump’s price shot up by over 11% on Monday to surpass $14, closely followed by Pi (+9%) and Uniswap (+6%). Other larger-cap altcoins saw slight gains, with ADA seeing the most notable increase at 2.5%, while HYPE dipped slightly and LINK, SUI, and TRX remained relatively stable. The total crypto market cap has seen a significant increase of over $50 billion, reaching $3.480 trillion according to CoinGecko.