Crypto Market Rebounds: TRUMP and MemeFi Surge as Bitcoin Holds Strong Above $90K
The cryptocurrency market is showing signs of a strong rebound after a period of consolidation, largely influenced by global economic factors. Leading the recovery are TRUMP and MemeFi, two trending tokens that have captured the attention of investors, while Bitcoin (BTC) continues to hold firm above the critical $90,000 support level.
Bitcoin Holds Steady Above $90,000
Bitcoin price remains stable above $90,000, currently trading at $93,350, reinforcing investor confidence in the ongoing bullish trend. Analysts note that this momentum is fueled by growing institutional inflows into spot Bitcoin ETFs, which have attracted $2.2 billion in capital this week alone.
According to Bitcoin Magazine, ETFs purchased $917 million worth of BTC in a single day, sparking renewed optimism across the broader market. BTC is now targeting $95,000, a key resistance level that could open the door to new all-time highs.
TRUMP Token Soars After Exclusive Event Announcement
The TRUMP meme coin made headlines after a massive price surge, reaching a 24-hour high of $14, before slightly dipping to $12.29. The rally followed the announcement of an exclusive dinner invitation hosted by the U.S. President, available only to the top 220 TRUMP holders.
This unique event, scheduled for May 22 at a private club in Washington, D.C., also includes a reception for the top 25 TRUMP token holders. As a result, TRUMP’s daily trading volume jumped over 600%, indicating strong investor interest.
Despite its drop from its January peak of $75, the TRUMP coin is regaining momentum as the former President emphasizes making crypto a national priority. This move continues to stir debate, but it undeniably drives engagement in the token.
MemeFi Explodes 86% Amid Market Optimism
MemeFi, another popular meme-based crypto, surged by 86% in the past 24 hours, now trading at $0.002768. This sharp rise reflects increased market activity and rising trader interest.
What is MemeFi?
MemeFi is a Telegram-integrated platform combining Web3 gaming and decentralized finance (DeFi), creating a bridge between blockchain technology and social media communities. With over 10 million on-chain wallets and 55 million users, MemeFi is building a strong presence in the crypto-gaming ecosystem.
Altcoin Season on the Horizon?
Experts suggest that as Bitcoin climbs, altcoins like TRUMP and MemeFi will benefit from renewed capital inflows. With regulatory changes under the new SEC leadership and easing trade tensions, the crypto market outlook appears bullish.
Crypto pioneer and BitMEX co-founder Arthur Hayes believes this could be the final opportunity to buy Bitcoin below $100,000, predicting explosive gains for altcoins in the near future.
Conclusion
The crypto market is regaining strength, with Bitcoin’s price stability, surging meme coins, and growing ETF investments indicating a possible bull market ahead. As TRUMP and MemeFi lead the charge, investors are watching closely for the next breakout in crypto valuations.
