Market Update: Trump's Move Shakes the Crypto World

#GT Hits ATH #BTC Back Above $100K
Today, Trump announced that his coin launch would take place on the SOL chain rather than the ETH chain. This decision, combined with inviting Solana's founder to the inauguration while excluding Vitalik Buterin, founder of Ethereum, has been perceived as a direct affront to ETH.

Altcoins are seeing a harsh sell-off today, with the declines feeling unjust. However, it's clear that altcoins' trends still follow ETH, not SOL, despite the hype surrounding Solana. ETH’s recent performance has been lackluster—comparable to Audi's slow road uphill. Meanwhile, AI-related projects have also fallen out of favor.

The stronger performers in this volatile market are Dogecoin and XRP, but "strong" here is relative—it reflects lower risk rather than higher profitability. Liquidity over the weekend remains thin, compounding the market's struggles.

BTC is in a precarious position around $103,000, with both upward and downward momentum equally possible. However, its direction is heavily influenced by expectations around Trump’s policies and his coin launch. The political coin sector has lost its shine due to the influx of new coins, further dragging sentiment down.

Even though all altcoins appear to be testing their respective resistance levels in tandem, their individual downtrends remain intact. The current situation is undoubtedly uncomfortable, marking a dark period for retail investors, who predominantly trade altcoins.

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Personal Reflections on the Market

Trading resilience is critical in these trying times. Gratitude when profits flow, and resilience when losses bite—these are the hallmarks of survival in this market. While the altcoin market is struggling, the bull market is not yet over. Let's navigate this together, holding onto hope for a turnaround.

Key Takeaways:

BTC: $103,000 – Neutral, awaiting direction.

ETH: Continues to lag behind.

SOL: Boosted by Trump's choice but still in a corrective phase.

DOGE/XRP: Lower risk but not necessarily high-profit plays.
#$TRUMP Continues to Rise