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COINTURK NEWS > Cryptocurrency News > Get Ready for a Crypto Surge as Trump Takes Office
Cryptocurrency News

Get Ready for a Crypto Surge as Trump Takes Office

In Brief

  • Bitcoin price remains high while altcoins see declines.

  • Trump’s presidency may influence cryptocurrency regulations significantly.

  • Potential delays for SOL Coin ETF decisions could impact the market.

Ömer Ergin
Ömer Ergin 4 months ago
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The price of Bitcoin $104,776 was at $105,000 at the time of writing, with most altcoins experiencing a decline. SOL Coin gained double-digit profits over the weekend thanks to support from Trump, while interest in altcoins shifted towards the official token of the President, named Official Trump (TRUMP). Although significant macroeconomic developments are not expected in the coming days, a flurry of news is anticipated.

Contents
Significant Developments in CryptocurrenciesTrump and ETF Decisions

Significant Developments in Cryptocurrencies

We are entering one of the most important weeks of the year. Starting tomorrow, Trump will begin making nationwide decisions related to cryptocurrencies as the new President of the United States. Following El Salvador’s recognition of Bitcoin as legal tender, the potential for the world’s largest country to adopt it as an official reserve asset exists. The pace of activity in the crypto space is accelerating.

Trump and ETF Decisions

Even if the current SEC administration continues after Gensler’s resignation, there will be a transition period until Trump’s nominee Paul is approved. This means that the initial decision dates for SOL Coin ETF applications may be postponed by the SEC in the coming days. Although the Senate has not yet approved, a push to expedite this process could allow for some outcomes by Thursday.

Despite Trump’s inauguration, a postponement decision for SOL Coin could indicate weakness. Alternatively, the meme coin initiated by Trump on the Solana $166 network may continue to attract interest, potentially leaving SOL Coin’s price unaffected.

Get ready for a busy day on Monday, as significant developments are expected to lead to intense moments in the crypto market. Will a new crypto bull run commence with Trump at the helm?

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 19 January, 2025 - 9:25 am 19 January, 2025 - 9:25 am
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