The cryptocurrency market just had a rollercoaster of events, where various tokens skyrocketed in price while others crashed. A private dinner announcement with Donald Trump sent TRUMP Token skyrocketing. On the other hand, Bitcoin was flat on the day, continuing to maintain its hefty gains overall, and Dogecoin was down big following a strong recovery earlier this week.

TRUMP Token just had a tremendous pump after the announcement of Donald Trump’s private dinner, pumping by over 60% at one point. In the end, the token returned 41.26% and traded at $13.03.

Bitcoin proved it had paws of steel as it formed a base around $93,000 and jumped back over $94,000 temporarily. Bitcoin’s current price is $93,643.53 after an increase of 0.47%.

Amongst altcoins, Onyxcoin (XCN) and JasmyCoin (JASMY) were the biggest gainers. Onyxcoin (XCN) was up 12.85% at $0.02103. JasmyCoin (JASMY) rose 9.66% ($0.01683).

Dogecoin experienced a slight downturn. After a sharp rebound earlier in the week, Dogecoin continued its push downward, closing 2.57% lower. Dogecoin was priced at $0.1785.

No one is saying the boom is going to end—yet—but analysts are providing worrywart warnings on today’s market euphoria. B2BINPAY noted the high Bitcoin dominance and its potential impact on altcoins:

"Bitcoin dominance is currently very high, at 64.30%. This means that if Bitcoin drops even slightly from here, the altcoin market could face a much sharper decline. In this scenario, caution is warranted — it's like walking on thin ice." - B2BINPAY

Rekt Capital emphasized the importance of stability for Bitcoin to establish a reversal base:

"Continued stability here is essential to building out a reversal base" - Rekt Capital