Crypto Markets Today: Bitcoin tests key resistance as memecoin trading volume explodes

Bitcoin briefly climbed to its highest level since mid-November before pulling back, while rallies in SUI, XRP and memecoins point to a renewed appetite for risk. What to know : BTC topped out near $94,800 on Monday before retreating to around $93,600, with traders split between shorting and positioning for a breakout toward $98,900. SUI jumped more than 15% in 24 hours following speculation around potential privacy features, while XRP extended its strong start to the year with a 29% gain since Jan. 1. Retail trading surged as Pump.fun volumes hit a record $1.27 billion and interest grew in BNB Chain’s “Four Meme” tokens, though overbought RSI readings suggest near-term profit-taking risks.