According to macro strategist Jim Bianco, the launch of President Donald Trump's memecoin in January may have contributed to the peak of the Bitcoin and crypto market. Bianco believes that Bitcoin reached its all-time high of around $109,000 just a few days after the launch of the memecoin. Additionally, Bianco points out that Solana, a competitor to Ethereum, also reached its peak in late January, coinciding with the memecoin peak. Currently, both Bitcoin and Solana have experienced significant declines in value. Bitcoin is down nearly 8% in the past 24 hours and trading at its lowest level since mid-November, while Solana is down nearly 7.5% in the past week and over 51% from its all-time high.



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