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The cryptocurrency market has recently experienced significant activity, coinciding with Donald Trump’s victory in the U.S. elections. Following a slow start in 2023, expectations for a bull market in 2024 have partly materialized. Bitcoin 
$106,492 has shown positive performance in eight of the last eleven months, particularly in November.
Regulations Impacting the Crypto Market
Since the beginning of the year, market participants have focused on the implications of the U.S. election results on cryptocurrency. Trump has positioned himself as a proponent of crypto-friendly policies, while his rival Kamala Harris has also indicated support for the sector’s development.
Trump’s declaration of himself as the “Bitcoin president” and his suggestion for the resignation of SEC Chairman Gary Gensler have energized the market. Following the election results, the crypto market transitioned into a bull phase, as Trump’s control of both the Senate and House of Representatives provides him with the power to implement regulations.
Growing Adoption of Bitcoin
Countries like El Salvador and Bhutan have gained attention for their Bitcoin policies, with Bhutan holding Bitcoin equivalent to one-third of its GDP. El Salvador has been acquiring BTC since 2021, amassing thousands of Bitcoins.
Introduction of New Cryptocurrencies
Every year, thousands of new cryptocurrencies are launched, offering unique functionalities and profit potentials. The year 2024 is expected to highlight meme-themed cryptocurrencies, with market capitalization projected to exceed $4 trillion by 2025.
More Spot ETFs in Cryptocurrency
Numerous applications await approval from the SEC for assets such as XRP and SOL. If Trump appoints a crypto-friendly SEC chair as desired, the number of approved ETFs could increase, alongside new applications.
“Several spot crypto ETF applications will be submitted this week.” – Nate Geraci
Spot ETFs for Bitcoin and Ethereum 
$2,461 have gained immense popularity among investors, with approvals expected for other cryptocurrencies like Solana 
$146 and XRP. Solana is projected to lead this process.
Bull Run in the Cryptocurrency Market
The year 2025 may witness a bull run as all cryptocurrencies are expected to peak following Bitcoin’s halving event. Market activity is anticipated to increase significantly in early to mid-2025.
The cryptocurrency market is expected to strengthen by 2025, aided by improved regulations, growing adoption, and rising sector demand. However, market volatility and macroeconomic factors could influence this process.
