- Bitcoin (BTC) showed strong bullish momentum today, closing above $109,000 after an early, quick dip and sharp rebound.
- Altcoins SUI and HYPE token faced increased volatility and selling pressure, with SUI hitting resistance and HYPE falling overall.
- The TRUMP token continues to spark significant ethical controversy due to its direct links to political influence and access.
The crypto market kicked off the week with contrasting movements across major tokens. Bitcoin showed strong bullish momentum, closing above $109,000 after briefly dipping early in the day.
This show of strength from the market leader came while other tokens like SUI and Hyperliquid (HYPE) faced increased volatility and selling pressure. Separately, the $TRUMP token ignited a fresh wave of controversy, drawing attention not just for its price action but more so for the persistent ethical concerns surrounding its deep political associations.
Bitcoin Continues Uptrend Amid Market Optimism
Bitcoin held steady near $109,688, marking a 2.15% daily gain. The price initially dropped to near $106,000 before rebounding sharply. This bounce signaled strong market demand around the $106,800–$107,200 support zone. A powerful rally followed, briefly testing the $110,000 level before hitting resistance.
While BTC couldn’t break through $110K, its ability to consolidate above $109,000 suggests buyer confidence remains high. With a market cap of $2.17 trillion and solid trading volume at $46.4 billion, Bitcoin continues to lead the market. If bullish sentiment holds, the next challenge will be a sustained breakout above the key resistance zone.
SUI and HYPE Face Resistance Despite Temporary Gains
SUI managed a modest daily gain of 0.83%, closing at $3.53. The price climbed steadily through the day but hit resistance near $3.65.
Sellers pushed back, causing a retracement into the $3.48–$3.50 support zone. This range remains critical for SUI’s short-term momentum.
On the other hand, Hyperliquid (HYPE) faced a tougher session, falling 1.42% to $37.51. The token saw strong early gains above $40, only to suffer a sharp reversal.
Despite a recovery attempt, it fell back into consolidation near its intraday low. Volume spiked 20%, suggesting heavy selling. The $37.30–$37.50 level now acts as a key support to watch.
$TRUMP Token Triggers New Ethics Storm Over Political Links
While market attention often centers on price action, the TRUMP token brings a different kind of spotlight. Trading at $12.64, the token made headlines not for its chart but for ethical scrutiny. With over 764,000 wallets posting losses and only a handful gaining millions, investors are asking deeper questions.
Critics argue the token represents a monetization of political access. As prices climb, so do concerns over transparency and the lack of regulation.
The optics of using a digital asset linked to political influence continue to spark debate. With support near $12.30 and resistance around $13.00, TRUMP’s next move may be as political as it is financial.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
