Memecoin bull run could gain momentum as Bitcoin hits $105K
- Bitcoin Holds Support Above $104K
- Rising memecoins indicate possible start of bull run
- Crypto market cap surpasses $3,4 trillion
Bitcoin's price regained strength today after a brief correction and managed to recover the $105 range with a 2% increase on Sunday, May 18, 2025.
BTC had dipped below this level during the previous day, but found support and stabilized again, strengthening its market cap to over $2,060 trillion. Despite the slight drop in BTC’s dominance over altcoins, which is now slightly above 60%, analysts see consistent signs that altcoin season may have begun.
Bitcoin's move comes in the wake of the US-China trade deal, which pushed the asset to $106 — a resistance level reached for the first time in months. After this brief climb, BTC faced rejection and retreated to the $101 region, before recovering again. At the moment, the cryptocurrency maintains its consolidation above $103, sustaining expectations of a bullish trend.
In the altcoin sector, Ethereum appreciated 2% and returned to trading above US$ 2.500. XRP also reacted positively and reached US$ 2,4. Other highlights include gains from Solana (SOL), Tron (TRX), Avalanche (AVAX) and Chainlink (LINK), which showed solid advances in the last 24 hours.
However, the leading role was played by memecoins. Popular tokens such as SHIB, FLOKI, BONK and WIF led the daily gains. SHIB rose 5,5% and surpassed the $0,000015 mark, while FLOKI, BONK and Fartcoin advanced between 8% and 11%. The memecoin WIF recorded the biggest increase among them, with an appreciation of 11%. The PI token, despite a 9% jump on the day, accumulated a loss of 19% on the week.
The total cryptocurrency market cap remains above $3,4 trillion, with a $30 billion increase in a single day, indicating that investor optimism remains high, especially among speculative assets such as memecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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