Summit within reach
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 21st May 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
What’s up
Bitcoin Tops $107K As ATH Comes Into View
Markets are semi-giddy after Bitcoin touched $107.8K at about 3 a.m. (EST) today, nearing its all-time high of $108.8K hit on the day of President Trump's inauguration back in January. And while total crypto assets ($3.47 trillion) are slightly down over the past day, BTC's market cap ($2.1T) has increased by 1.1%. The largest crypto is green (+3%) on the week.
BTC sank to sub-$75K levels in the wake of "Liberation Day" in early April. That's when President Trump ignited a global trade war, roiling risk assets. Still, BTC found a way to morph into a gold-like hedge asset, inching steadily along while, for a spell, stocks flailed; more recently, BTC (and stocks, for that matter) have been on a winning streak as Trump dialed back the harshness of his tariff rhetoric. BTC is +10% over the past fortnight.
BTC's spritely jaunt to $107K, first yesterday and again early today, marked the inaugural reacquaintance with that level since January 20. As of 7 a.m. (EST), BTC stood at $106,361, according to CoinGecko. It's 2.3% away from the ATH.
Meanwhile, Official Trump (TRUMP) officially rallied 10% in 24 hours just one day ahead of the big crypto dinner for a party of 220 of the largest holders of TRUMP, the U.S. President-inspired, Solana-run, Trump-family-business-backed memecoin.
TRUMP today regains a spot in the Top 50 bracket of largest digital assets based on size. TRUMP now has a market cap of $2.871B, putting the token at No. 50, ahead of No. 51 Ethereum Classic (ETC). TRUMP has been as low as $4.29. That was Jan. 18. One day later, TRUMP soared to $73.43, its ATH. At last check, TRUMP was $14.40.
What's down
Guess Who's Coming To Dinner?
Crypto kingpin Justin Sun on Tuesday said on social media that yes, the TRUMP holder leaderboard "SUN" wallet was his, and indeed he had acquired the biggest bag of TRUMP coins, about $20M worth. And so, yeah, the Tron founder will sit at the president's table tomorrow at a gala dinner stemming from a controversial promotional effort to stoke interest in TRUMP tokens.
Sun, who once spent $4.5 million to have a charity lunch with Warren Buffett, is thought to be worth at least $8 billion — and this is after the Chinese-born entrepreneur shelled out $2B to shore up his empire during the crypto winter of '22.
In March of 2023, the Biden-appointee-controlled SEC announced charges against Sun and three of his companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for, among other things, the unregistered offer and sale of a pair of cryptos Tronix (TRX) and BitTorrent (BTT), deemed to be securities.
The SEC simultaneously charged eight fairly well-known individuals, including Soulja Boy, Jake Paul and Lindsay Lohan, for illegally touting TRX and/or BTT without disclosing that they'd been paid to do so. Last April, the Tron Foundation filed a motion to dismiss, arguing that the SEC does not have jurisdiction to regulate an entity headquartered in Singapore.
Over the past several months, Sun became the largest publicly known investor in the Trump family crypto business, World Liberty Financial.
"With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the U.S. president and his family," Cointelegraph said.
This past February, the Trump-appointee-controlled SEC agreed to a two-month time-out on the aforementioned litigation, a suit that also included allegations of market manipulation of the price of TRX via wash trading.
The federal agency and Sun jointly asked a federal court to pause the case so they can “explore a potential resolution." U. S. District Judge Edgardo Ramos granted the application.
A quick check of TRX, 10th-largest coin, per CoinGecko, shows it striving to stay 27 cents, down 1% since this time last week.
What's next
Bitcoin Re-emerges Stronger, Faster
The SEC has punted on a decision whether to bless a couple of prospective ETFs, one linked to XRP, and another to Dogecoin. Each of these Big Ten digital assets sit in the red compared to one week ago. XRP is flat today. DOGE is slightly up.
But you know what? All eyes are on Bitcoin. Our eyes are, anyway. Between 7:22 a.m. (EST) and 8:22 a.m. (EST), we watched green paint dry as BTC stayed $106,605 (a literal non-move of 0.0% in precisely sixty minutes); and then at 8:27 a.m. (EST), there was the largest crypto daring to step to $106,641, or merely 2% removed from its spot price pinnacle.
"Bitcoin continues to coil below what is now its most significant psychological resistance barrier," said Cointelegraph's William Suberg, referring to January’s all-time highs.
Various pundits are now more than happy to stick their necks out on giving followers a head's up on short-term price targets. For example, Merlijn the Trader pointed to a chart pattern, known as a consolidation pennant, out of which, his analysis shows, BTC has forcefully broken. "This pennant points to $116K and it is just getting started," Merlijn said on X, per Cointelegraph. "Ride the wave or watch it fly."
In a separate X post that Cointelegraph flagged, the widely followed BTC analyst Michael Van de Poppe said that new ATHs could be approaching more quickly than previously anticipated.
