Trump’s Inauguration Sparks Crypto Rally
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The cryptocurrency market is surging as anticipation builds for President-elect Donald Trump’s upcoming inauguration.
While Bitcoin (BTC) continues its climb, now trading above $102,573, it’s the smaller altcoins that are stealing the spotlight.
Ripple (XRP) has jumped 13%, while Litecoin (LTC) has soared 22%, reflecting growing investor optimism around the incoming administration’s stance on digital assets.
With Trump’s inauguration set for Monday, January 20, 2025, market sentiment has turned bullish on expectations that his administration could introduce crypto-friendly regulations and support US-based Bitcoin mining.
Trump has previously expressed interest in creating a more favourable regulatory environment for digital assets, which many see as a sharp contrast to the stricter approach taken by previous leadership.
Analysts suggest that 2025 could be a defining year for cryptocurrency, with policy shifts potentially influencing adoption, investment, and institutional involvement.
While speculation is driving current price action, traders are closely watching how the new administration follows through on its promises—and whether this rally has real staying power. 🚀
Data: eToro
