Crypto Markets Hold Steady at $3.2T as TRUMP Meme Coin Defies Bearish Tide

Barely 38% of digital assets flirted with optimism, as the TRUMP meme coin, crowned the day's champion, vaulted over 11% against the dollar.

Crypto Markets Display Modest Equilibrium, TRUMP Meme Coin Surges

Midway through the week, the cryptocurrency market displayed modest stability, with its total capitalization clinging to $3.2 trillion, notching a fractional percentage point uptick from the prior day’s starting point.

Barely 38% of digital assets signaled optimism, as the TRUMP meme coin, crowned the day’s champion, vaulted over 11% against the greenback.

As of Feb. 5, 2025, the market’s aggregate value hovered around $3.2 trillion, paired with $132.86 billion in 24-hour trading activity.

Bitcoin (BTC) idled at around $96,800 per unit at 5:30 p.m. (ET), while ethereum (ETH) treaded water at $2,780. A scant cadre of tokens escaped the red, with the official TRUMP meme coin once again stealing the show with an 11% surge. Not to be outdone, FTX Token (FTT) carved out a 10.84% advance.

Clearpool (CPOOL) ascended 6.40%, freysa AI (FAI) edged up 6.35%, and trust wallet token (TWT) notched a 6.26% lift. Ethereum name service (ENS) and lido token (LDO) followed with 5.99% and 5.6% climbs, respectively.

However, the bears feasted elsewhere: fartcoin (FARTCOIN) plummeted 22.84%, followed by AI16Z (-13.63%) and raydium (RAY, -13.2%). SPX, DOG, VIRTUAL, and ENA each bled between 8% and 9.82%.

Wednesday's crypto market presented a tapestry of cautious stability and sharp divergence. While stalwarts like BTC and ETH largely held their ground, the spotlight shifted to TRUMP's spirited rally and FTT's unexpected revival, particularly noteworthy considering it's a coin created by Sam Bankman-Fried and his defunct exchange.

Yet these flickers of optimism couldn't mask the broader retreat, as double-digit tumbles plagued speculative outliers. This duality—selective resilience amid widespread retreat—paints a vivid portrait of a market balancing speculative fervor with sober recalibration.