Official TRUMP Token Outpaces Dogecoin, SUI, BNB, Litecoin, and Pepe with $63.1 Billion in Trades

After ending a year on a high note with an average monthly trading volume of $1.5 trillion, the crypto market kicked off 2025 with an even bigger surge

Cryptocurrency markets began 2025 on a high note, continuing the strong momentum from the previous year. According to data from CryptoPresales.com, Bitcoin led the pack once again, generating a staggering $1.7 trillion in monthly trading volume. However, besides the usual suspects, some AI-related cryptos and newly launched tokens also experienced a significant surge in trading activity.

As expected, Bitcoin remained the most traded cryptocurrency throughout January, trailing only behind Tether (USDT). The world's largest crypto also ended the month on a high note, recording a 6% price increase despite a slight price decline in the second half of the month. But among the top 10, some interesting shifts were observed.

Fresh off its launch on January 17, the Official TRUMP token ($TRUMP) made waves, quickly跻身第九大最受交易的加密货币，1 月份的交易量为 631 亿美元。在此期间，一些老牌加密货币，如狗狗币 (DOGE)、币安币 (BNB)、莱特币 (LTC)、Solana (SOL) 和 Pepe (MEME)，在交易量方面都落后于 $TRUMP。

Bitcoin Price Drops Below $100K After Record-Breaking Rally, Pauses Further Gains

Bitcoin began 2023 trading around the $43,000 level after ending 2022 with a rally that saw the world’s largest cryptocurrency reach a new all-time high above $47,000.

The year-to-date gains followed a strong 2022 performance that saw Bitcoin rallying from a low around $30,000 in January to reach a peak of $77,000 in October. However, the late 2022 gains also fizzled out as BTC/USD dropped to lows around $64,000 in early 2023.

Bitcoin price chart, 15-minute intervals. Source: CoinMarketCap

After pausing in a range between $63,000 and $72,000 for several weeks, Bitcoin finally broke out to the upside on January 17. The move saw Bitcoin rally to reach a new all-time high around $108,000 on January 20.

The rapid ascent higher also saw Bitcoin generate massive gains of over 60% for the year to date. However, the gains were short-lived as the price quickly fell below the $100,000 level on January 23. As the month ended, Bitcoin price slipped further to trade around $101,000, up about 56% for the year.

Bitcoin price dropped below $100,000 after setting a new all-time high above $108,000 in the third week of the month. After pausing in a range between $63,000 and $72,000 for several weeks, Bitcoin finally broke out to the upside on January 17.

The move saw Bitcoin rally to reach a new all-time high around $108,000 on January 20. The rapid ascent higher also saw Bitcoin generate massive gains of over 60% for the year to date. However, the gains were short-lived as the price quickly fell below the $100,000 level on January 23.

As the month ended, Bitcoin price slipped further to trade around $101,000, up about 56% for the year.

Relative Strength Index (RSI) showed that Bitcoin was overbought for much of January, especially during the second half of the month. The cryptocurrency began 2023 with an RSI reading below 60, which shifted to the overbought zone as the price rallied higher.

The overbought conditions also follow a bullish divergence from late 2022, which saw RSI readings drop to lows not seen since early 2022 when Bitcoin was trading below $40,000.

Bitcoin began the year with a bullish Moving Average Convergence Divergence (MACD) reading, which shifted to bearish territory as the price dropped in the second half of the month. The MACD line also crossed below the signal line in late January, forming a bearish signal.

However, the MACD histogram showed increasing bullish momentum as the price rallied to reach new highs in the third week of January.

After beginning 2023 with a bullish StochasticRSI reading, the indicator shifted to overbought territory as Bitcoin price rallied to reach a new all-time high. The StochasticRSI also formed a bearish divergence in late January as the momentum indicator dropped to lower highs while the price continued rising.

However, the indicator remained in