On January 21, significant strides regarding cryptocurrencies emerged from Trump’s team, with the SEC taking notable actions. This initiative is aimed at establishing regulatory clarity concerning cryptocurrencies, shedding light on the team’s crypto-friendly disposition. As discussions unfold, many are left pondering the future expectations for the crypto market.
Bitcoin (BTC)
Earlier today, Cowen expressed that the sector deserves a complete dominance of BTC. As BTC value rises, weakening altcoins have demoralized many in the investment community. Nevertheless, there are still ventures within altcoins that genuinely produce value and warrant long-term growth. After facing criticism, Cowen clarified that his initial tweet was primarily intended as a joke.
“To be clear, the referenced tweet was largely meant as a joke. Typically, in the years following halving, BTC dominance decreases at some point (though it doesn’t have to start right away as it did in 2021). However, I believe the sector as a whole has somewhat lost its way and needs to focus on the things that matter. Many people encounter dismissive responses and hate when they try to voice their opinions, so they choose to remain silent.”
As the article was being prepared, the CEO of Coinbase indicated that he might delist Tether if necessary due to legal requirements. If this signals an impending significant event, negativity may linger in the crypto space for a while longer. The relocation of the center to El Salvador could potentially lead to challenges for Tether, significantly increasing BTC dominance while causing a decrease in altcoin value.
APT Coin Comments
One of the recently overlooked altcoins as a competitor to Solana 
$85 is Aptos. Many cryptocurrencies have remained in the shadows due to Trump’s nonsensical token. While Trump has reached a staggering FDV, he has yet to mention anything about cryptocurrencies, and no executive order related to crypto has been observed. So far, only the SEC has taken concrete steps in this arena.
Setting aside pessimism, Michael Poppe shared insights on APT Coin:
“Markets are gradually awakening again. APT has experienced a significant correction, but it is not in a bad zone for accumulation. We expect it to break the $10 mark, leading to a potentially much stronger next run.”
