The post Crypto Price Analysis 1-23: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CELESTIA: TIA, ALGORAND: ALGO, UNISWAP: UNI, FILECOIN: FIL appeared on BitcoinEthereumNews.com.
The crypto market has registered a substantial decline, with nearly all cryptocurrencies trading in the red. Bitcoin (BTC) is down almost 4% over the past 24 hours and has dipped below $105,000 to trade around $102,550. Ethereum (ETH) is down nearly 4% and has dropped below $3,300 to a low of $3,201. Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Toncoin (TON), Stellar (XLM), Hedera (HBAR), Polkadot (DOT), Litecoin (LTC), and Uniswap (UNI) also recorded significant declines. As a result, the crypto market cap is down 3.15% and currently sits at $3.53 trillion. TRUMP, MELANIA Meme Coins Crash The Trump family meme coins have lost a significant chunk in market value following Donald Trump’s inauguration. The TRUMP token saw its gains halved as its market cap dropped to $7 billion. On the other hand, MELANIA dropped from around $2 billion to $790 million. Around 80% of the TRUMP tokens are owned by Donald Trump’s Affiliated CIC Digital and Fight, Fight, Fight. The meme coins were released months after Trump and his sons announced the launch of World Liberty Financial, a decentralized finance (DeFi) platform. The launch of the TRUMP and MELANIA meme coins also raises a serious ethical dilemma, according to Justin D’Anethan, an independent crypto analyst. “While it is tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora’s box of ethical and regulatory concerns.” Cryptocurrency lawyer Preston Byrne stated in a blog post there was a 90% chance of a civil lawsuit opposing the coin over the next few weeks. “Someone will lose money, and some lawyer will come up with a theory and file. The meme coin launch is, purely from a political perspective, an enormous unforced error.” However, the Trump Organization has…