Bitcoin holds steady above new ATH as AI crypto rallies and Trump hosts crypto dinner

🚀 Bitcoin holds above $110K – BTC remains strong above the $110,000 level, despite some profit-taking.

📈 AI tokens rally – Jupiter (JUP) surged over 12%, and Injective (INJ) rose approximately 9.3% overnight.

😏 Market sentiment: Extreme Greed – The Crypto Fear & Greed Index stands at 76, indicating "Extreme Greed."

🍽️ Trump hosts top memecoin holders – President Donald Trump held a dinner for major TRUMP memecoin investors, including Justin Sun. 

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THE price of Bitcoin is holding firm above $110,000, despite some profit-taking across the broader market.

There’s been a slight stall in large-cap momentum following the surge that pushed BTC to new highs, but the crypto market still offers plenty of upside.

AI-focused crypto Jupiter (JUP) has jumped over 12% in the past 24 hours, while Injective (INJ) trails closely with a 9.3% gain. 

Greed remains the prevailing mood in the market, with the Crypto Fear & Greed Index at 78, signaling 'Greed'. Many are watching if retail investors arrive en masse, a pattern that typically follows major price moves by a few days. 

Meanwhile, in crypto-political news, President Donald Trump hosted a private dinner for the top holders of his TRUMP memecoin. Notable attendees included Tron founder Justin Sun.

Regardless of where you stand on Trump’s role in crypto, his continued involvement underscores growing political interest in the sector, particularly in the world’s largest economy.

As we head into the weekend, all eyes are on whether the market can pick up momentum once again.

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In the markets… 

🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.51 trillion, reflecting a 0.62% increase over the last 24 hours. 

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $110,919, marking a 0.36% increase in the last 24 hours.
Daily high: Approximately $111,819
Daily low: Approximately $110,414

📈 S&P 500 ⬆️

The S&P 500 index is up about 0.6% since yesterday. 

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🥳 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 76/100, indicating “Greed” among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 65, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

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‍Post Script…

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.