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Donald Trump and Eric Trump suggest increased support for cryptocurrency initiatives based in the United States. These initiatives will receive backing ranging from tax treatment to the closure of non-fraudulent lawsuits. Currently, there are at least 30 popular cryptocurrencies originating from the U.S.
U.S.-Based Cryptocurrencies
The Coinbase 50 Index was previously launched, featuring significantly U.S.-based altcoins. Cryptocurrencies included in this index are crucial as investors introduce cash into all of them simultaneously. Additionally, cryptocurrencies launched by Grayscale trust have an advantage in obtaining ETF approval.
By successfully securing investment for Trump’s WLFI project, cryptocurrency initiatives might positively differentiate themselves in the process. Below, all are categorized, including those that have reached all-time lows against BTC.
If the U.S. takes steps regarding cryptocurrency reserves, the altcoins mentioned above will benefit. At some point, these major advantages need to start reflecting in prices. Concrete actions taken by Trump are likely to trigger this excitement.
Ethereum and Cryptocurrencies
ETH is advancing towards stabilizing at $3,300 after returning to $3,000. Daan Crypto Trades discussed current technical scenarios, exploring potential developments beyond news flows.
“ETH couldn’t break this significant descending wedge once again but held on to the Daily 200MA/EMA. Staying above $2,800 is good, but I don’t want it trading below this. It’s best to wait for it to break out of the wedge and capitalize on any rising momentum that may arise.”
Jelle noted a weekly 2% drop, sharing a chart marking levels he’s watching for buying and selling.
BTC price was at $102,500 when this article was prepared. XRP Coin experienced an 8% increase, while most altcoins remained stable. Investors in altcoins that have not yet recovered from losses are feeling despair due to numerous dips that have persisted for years.
