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Cryptocurrency News Articles

The total cryptocurrency market capitalisation remains under pressure, dipping to $2.94 trillion following a 0.45% decline over the past 24 hours.

May 06, 2025 at 03:59 pm

The pullback continues to reflect short-term profit-taking after a strong two-week rally.

The total cryptocurrency market capitalisation remains under pressure, dipping to $2.94 trillion following a 0.45% decline over the past 24 hours.

The total cryptocurrency market capitalisation continues to be pressured, dropping slightly by 0.45% over the past 24 hours to reach $2.94 trillion.

This pullback follows a strong two-week rally, which saw a recovery of over $500 billion from the recent lows hit in March.

However, despite the consolidation, three tokens—Tron, TRUMP, and Bitcoin Pepe—are showing early signs of decoupling from the broader market trend.

Each has attracted increasing investor attention for different reasons, positioning them for potential upside in a liquidity-rich environment that still lacks a clear directional catalyst.

Tron (TRX) is trading steadily around $0.246 on Tuesday, holding above a key support level with an upside target of $0.260 if the current trend holds.

The bullish outlook is being reinforced by surging on-chain activity, particularly on decentralised exchanges (DEXs).

According to DefiLlama, DEX trading volume on the Tron network surged to a year-to-date high of $751.08 million, indicating rising liquidity and increased user participation.

Tron’s stablecoin market capitalisation has also reached a new all-time high of $71.93 billion, continuing a steady climb since mid-March.

This growth underscores strong demand and user confidence in the Tron ecosystem.

The TRUMP meme coin is drawing attention after US President Donald Trump confirmed that the May Gala dinner will proceed as planned, despite criticism surrounding the event and its perceived association with the token.

Some TRUMP holders are expected to attend the dinner, raising speculation about the coin’s potential exposure and momentum.

The token remained stable around $11 following the president’s post on X.

Crypto analyst Emma believes TRUMP could rally to $13 in the near term.

She pointed to the coin’s recent bounce from the $10.50–$11 support zone and its push toward the $12.50 resistance level.

According to her, a clean breakout above that threshold could trigger the next leg higher, with prior highs acting as price magnets.

Bitcoin Pepe is positioning itself as the first project to bridge two dominant forces in crypto—Bitcoin’s credibility and the explosive reach of meme coin culture. The project’s messaging is unambiguous:

“Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.”

Momentum continues to build behind the project, with its presale raising over $7.7 million so far.

The campaign is nearing stage 10, which will trigger once contributions pass $7.78 million.

At the heart of Bitcoin Pepe’s offering is a technical milestone: the PEP-20 token standard, which enables meme coin deployment directly on the Bitcoin blockchain.

Presale pricing rises roughly 5% per round, with BPEP advancing from $0.021 in the first stage to $0.031 in stage 9—a gain of over 40%.

If momentum holds, the token is scheduled to reach $0.0864 by the final stage, setting up early backers for potential triple-digit returns.

With escalating demand, a unique token standard, and a unique marketing approach, Bitcoin Pepe is emerging as a serious contender in a segment often dismissed as unserious.

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Other articles published on May 06, 2025