Bitcoin Hovers Above $85K, SOL & TRUMP Lead Altcoins

Altcoins Rally

While BTC’s market cap stands at $1.69 trillion, with dominance at 61%, most major altcoins saw modest gains. ETH, XRP, DOGE, BNB, and ADA all rose by around 1% or less. Solana (SOL) led the large-cap group, rising 3.7% to $140.

Source: TradingView

The biggest mover was TRUMP, a meme coin tied to the U.S. President, which jumped nearly 12% to over $8.50. TAO, IMX, FLR, and HYPE also saw daily gains of up to 8%. The total crypto market cap holds steady at $2.78 trillion.

Other Markets

Phillips 66 will shut down its Los Angeles-area refinery by 2025, signaling a major energy shift. Oil traders, once eager for volatility, now find it overwhelming. Elsewhere, China is open to renewed trade talks if Trump meets key conditions, while investors scrutinize companies overspending earnings.

Japanese markets brace for turbulence, as Fidelity and Goldman pivot to Asian consumer stocks amid tariff concerns. The Pentagon faces criticism over a flawed classification system and repeated audit failures.

In Europe, France’s grid operator warns suppliers about worsening energy surpluses. China’s Premier urges support for stocks and real estate, while the Ivory Coast seized 594 tons of smuggled cocoa, and Kenya scrapped a costly bank-loan-funded road project.