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
Top Today
1 hour ago
6 sources
XRP Nears $1.30 as Whale Withdrawals Jump 74.5% During Election-Driven Crypto Recovery
2 hour ago
7 sources
Circle Cuts 5% Workforce Despite Profitable Q3 as USDC Payments Surge
2 hour ago
7 sources
NEAR Mobile Tops Finance App Rankings in 38 Countries as Gasless Cross-Chain Swaps Launch
3 hour ago
6 sources
Democratic Midterm Sweep Triggers Treasury Rally and Dollar Weakness
5 hour ago
5 sources
Morgan Stanley Among First Banks to Tokenize US Equities and Treasuries via DTCC
Disclaimer
The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.