Shock Trump Leak Sparks Huge Crypto Price Rally
The cryptocurrency market has experienced a significant surge following the election of Donald Trump, with Bitcoin and other cryptocurrencies such as Ripple's XRP and Solana seeing substantial gains. According to Forbes, the price of Bitcoin is currently hovering around $100,000 per coin, having more than doubled over the past year. This increase has pushed the combined market value of major cryptocurrencies like Ethereum, XRP, and Solana close to $4 trillion.
A recent leak suggests that Trump's administration may establish an "America-first strategic reserve" prioritizing U.S.-created cryptocurrencies including XRP and Solana. The New York Post reported that Trump was receptive to this idea after meetings with key figures from Ripple and Coinbase. Additionally, Circle contributed $1 million worth of USDC stablecoin to Trump's inaugural committee in support of his plans for a national bitcoin reserve.
Small-Cap Cryptos Rise Ahead Of Trump Inauguration
Citing CNBC reports, smaller-cap cryptos have rallied ahead of President-elect Donald Trump's inauguration while Bitcoin trades near its all-time high at $100,000. Investors are showing increased interest in altcoins like XRP and Litecoin due to expectations surrounding pro-crypto policies under Trump's leadership.
This optimism stems from promises made during Trump's campaign about creating favorable regulations for domestic crypto mining operations along with establishing a strategic national bitcoin stockpile. As anticipation builds towards potential regulatory changes by replacing SEC chair Gary Gensler within 50 days into office; experts believe these developments could significantly impact both small-cap coins' performance alongside flagship assets such as BTC itself throughout 2025.
Trump’s Proposed Regulatory Reforms Could Boost Crypto Market
FXStreet highlights growing optimism among traders regarding possible reforms initiated once inaugurated officially next week when it comes to addressing existing challenges faced across the digital asset space. The Washington Post anticipates executive orders targeting outdated policies hindering growth prospects, which might include repealing controversial Staff Accounting Bulletin (SAB) 121, ensuring transparency and accountability moving forward.
Sources:
- Shock Trump Leak Sparks Huge Crypto Price Rally—Boosting Bitcoin, XRP And Solana
- Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades near $100,000
- Why Bitcoin and the crypto market could rally following Donald Trump's proposed regulatory reforms
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- Swiss Bank PostFinance Expands Crypto Services with Ethereum Staking
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- Go Beyond Solana and XRP: These 4 Better Altcoins Will Take Your Portfolio from $500 to $75000
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- XRP Surges to All-time High Market Capitalization of $192 Billion - "The Defiant"
- XRP’s Market Cap Surpasses that of Wall Street Giant Goldman Sachs After Rising to 7-Year High
- Solana (SOL) Surpasses $100 Billion Market Capitalization Amid Crypto Market Rally
- Canary Capital’s Litecoin ETF filing sparks market rally as SEC prepares for leadership change
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