to leave a comment.
▲ TRUMP Memecoin/Source: Trump Twitter ©
Amidst a geopolitical thaw between the US and Iran, coupled with expectations of a US interest rate cut, a presidential-themed cryptocurrency that had plummeted 96% from its all-time high is showing signs of revival. The market is closely watching whether a peace deal in the Middle East and an accommodative monetary policy from the next Federal Reserve chairman can push this fallen asset back to the $10 mark.
According to cryptocurrency media outlet Watcher.Guru on April 22 (local time), Trump Coin (TRUMP) is showing a solid rebound, boosted by news of progress in the US-Iran nuclear agreement. Based on CoinGecko data, it has risen 4.2% in the last 24 hours and 6.4% weekly. However, it is down 0.7% over 14 days, 7.2% monthly, and 64.3% annually, remaining at a level that is 96% below its all-time high of $73.43.
The last time this asset traded above the $10 mark was in late July 2025. Trump Coin has been on a painful downward trajectory since hitting its all-time high on January 19 of last year, the day before the presidential inauguration.
This rally is analyzed to have stemmed from the US President's remarks that an agreement with Iran might be imminent. The possibility of a deal between the two countries significantly improved investor sentiment, and leading cryptocurrency Bitcoin (BTC) also temporarily broke through $78,000 for the first time in about three months, leading a broader bullish trend in the virtual asset market.
While the recent surge provides some relief to investors, the market remains vulnerable, and price volatility could expand at any time. Nevertheless, if a real peace agreement is signed, it could trigger another rally in the virtual asset market, and if such a favorable environment is created, Trump Coin also has sufficient potential to reclaim the $10 mark.
Macroeconomic tailwinds are also adding strength. Market expectations are growing with the nomination of Kevin Warsh as the next Federal Reserve chairman, succeeding Jerome Powell. With Warsh highly anticipated to initiate interest rate cuts soon after taking office, such monetary policy easing is expected to be a powerful catalyst driving a further bull run in the cryptocurrency market.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.