Trump (TRUMP) Token Plunges 14% as Bitcoin Drops Below $96K
May 4, 2025, 9:17 a.m.
2 sources
negative
Bitcoin experienced a sharp downturn after failing to break through resistance at $98,000, dropping below $96,000 and leading to a broader market correction. This decline also affected altcoins, with SUI and AVAX suffering notable drops, while the Trump (TRUMP) token lost approximately 14% of its value amidst ongoing controversies. The overall crypto market cap fell by about $25 billion, reflecting widespread negative sentiment and minor losses among major coins such as XRP, BNB, SOL, DOGE, ADA, TRX, and LINK.
BTC's drop below $96K signals bearish momentum after a failed $98K breakout; negative sentiment and past similar corrections suggest further short-term volatility.
TRUMP plunged 14% amid market-wide declines and ongoing project controversies, reflecting increased volatility and negative sentiment; price pressure remains in the near term.
SUI is down 5% due to broader market weakness; absence of positive drivers suggests continued vulnerability to further declines in the short-term.
AVAX lost over 4% as risk-off sentiment spread; likely to see persistent pressure until broader market recovery or new catalysts emerge.
Sources
Bitcoin Faces a New Challenge as Market Dynamics Shift
COINTURK NEWS
04.05.2025 04:11
Official Trump (TRUMP) Plunges by 14% as Bitcoin (BTC) Falls Below $96K (Weekend Watch)
cryptopotato.com
04.05.2025 09:11
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