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Bitcoin: BTC is calm
Bitcoin showed a volatile trend last week, with prices ranging from $95,000 to $99,000. The reasons for this volatility included Donald Trump's plans to impose new tariffs on certain stocks and Consumer Price Index (CPI) data published by the US Bureau of Labor Statistics.
However, the weekend passed rather calmly. BTC settled at $97,500 on February 15 and remained at this level in the following hours. This means just a 0.5% change on a weekly basis. The BTC market cap remained at $1.93 trillion, and market dominance, according to CoinMarketCap data, increased to 59.8%.
Altcoin market and meme-coin crash
Ethereum (ETH), Ripple (XRP), and Solana (SOL), such major altcoins, also managed to follow Bitcoin's stability. ETH remained around $2,700, XRP at $2.80, and SOL at $195. However, Litecoin (LTC) increased by 4%, reaching $135, the highest level in the last month. TRON (TRX), on the other hand, increased by 2.5%.
Nevertheless, the situation in the meme coin market is quite tragic. The official token of Trump (TRUMP) has lost 10% of its value, dropping to $18.60. Dogecoin (DOGE), Shiba Inu (SHIB), Bonk Inu (BONK) and many other meme coins have turned red. The total market capitalization of the cryptocurrency market is currently about $3.23 trillion, which means a daily decrease of 0.18%.
What to expect from meme coins?
The sharp decline in the meme coin market has caused concern among investors, but some analysts believe this situation is temporary. In particular, it is expected that when liquidity issues are resolved and market conditions for meme coins improve, they may recover.
It is possible that popular meme coins like Dogecoin and Shiba Inu may join the overall market recovery trend. However, investors are advised to be cautious and act strategically when dealing with such assets characterized by high volatility.()#Gate.io Has Officially Partnered with Oracle Red Bull Racing #Market Dip: What to Buy? #Weekend Market Analysis