The cryptocurrency market is showing signs of a strong recovery, with Bitcoin (BTC) holding steady above the crucial $90,000 level. Leading the rebound are TRUMP and MemeFi, two trending meme tokens that have recorded remarkable gains in the last 24 hours.
Bitcoin Holds Momentum at $93K Amid Bullish Market Sentiment
Bitcoin continues to trade confidently above $93,000, reflecting renewed investor interest and sustained buying pressure. The world’s largest cryptocurrency is now targeting the critical resistance at $95,000, a breakout point that could potentially push BTC to new all-time highs.
The bullish momentum is largely driven by increasing spot Bitcoin ETF inflows, with recent data showing $917 million in purchases in a single day and $2.2 billion in total inflows this week. This trend is signaling a growing institutional appetite and could mark a significant trend reversal.
TRUMP Token Surges on Exclusive Presidential Dinner Invitation
The TRUMP meme coin has emerged as a major gainer, spiking to a 24-hour high of $14 after a private dinner invitation with the US President was announced. The event, scheduled for May 22 at a private club in Washington DC, is exclusive to the top 220 TRUMP token holders, further fueling investor excitement.
Currently trading at $12.29, the token has experienced a massive spike in daily trading volume, increasing by over 600%, highlighting a surge in market activity. Despite falling from its January peak of $75, the token’s popularity continues to grow, driven by Trump’s pro-crypto stance and political involvement.
🔹 Key Highlight: Only the top 25 holders will receive VIP access to a special reception at the event.
MemeFi Token Jumps 86% as Meme Sector Sees Renewed Interest
MemeFi has also seen a significant price surge, climbing 86% in the past 24 hours to trade at $0.002768. The token’s trading volume has surged sharply, indicating rising investor engagement across the meme coin sector.
Built as a Telegram-based Web3 platform, MemeFi blends mobile gaming with crypto rewards, establishing itself as a leading gateway between blockchain technology and the Telegram ecosystem. With over 10 million on-chain wallets and 55 million global users, MemeFi continues to attract both gamers and crypto enthusiasts.
🔹 Broad-based rallies in the meme coin sector are boosting tokens like MemeFi following TRUMP’s massive momentum.
Crypto Outlook: Bullish Indicators Point to Continued Market Growth
With Bitcoin holding above $90K and inflows into BTC ETFs reaching record highs, the overall crypto market sentiment is shifting towards optimism. Industry experts suggest that recent regulatory shifts, including more favorable SEC policies and Trump’s eased trade stance, are contributing to increased investor confidence.
Arthur Hayes, co-founder of BitMEX, believes this may be the last opportunity to buy BTC below $100K, as the market prepares for a new leg up.
