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COINTURK NEWS > Altcoin News > Trump’s Victory Sparks Optimism in the Cryptocurrency Market
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Trump’s Victory Sparks Optimism in the Cryptocurrency Market

In Brief

  • Trump's victory enhances optimism in the cryptocurrency market.

  • Altcoins show significant growth amid ETF expectations.

  • Regulatory changes may open new investment opportunities.

Fatih Uçar
Fatih Uçar 1 year ago
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Donald Trump’s presidential victory has created a significant wave of optimism in the cryptocurrency market. Notably, altcoins such as XRP, Solana $139 (SOL), and Hedera (HBAR) are attracting attention due to expectations surrounding ETFs. The market anticipates a shift towards pro-cryptocurrency regulations under Republican leadership, which could particularly activate institutional participation.

How Regulations and ETF Expectations Impact the Market

In the aftermath of Trump’s win, altcoins like XRP, SOL, and HBAR have taken center stage. Bloomberg analysts Eric Balchunas and James Seyffart highlight that Litecoin and Hedera may be prioritized for ETFs due to their regulatory clarity. Litecoin benefits from its classification as a commodity, while Hedera’s exclusion from the SEC’s “security” label is noteworthy.

Contents
How Regulations and ETF Expectations Impact the MarketAltcoin Performance and Future Expectations

Conversely, XRP and Solana may face delays in the ETF process due to regulatory uncertainties. However, these digital assets remain on investors’ radar due to their popularity in the market. Analysts expect the first wave of ETFs to focus on Bitcoin $91,081 and Ethereum $3,094, with firms like Bitwise and Franklin Templeton demonstrating confidence through their ETF applications.

Altcoin Performance and Future Expectations

In the past month, XRP has surged by 63%, reaching $2.238, and recorded an impressive 278% growth over the quarter. HBAR has also thrived, growing 116% to $0.31 in a month and 424% over the quarter. Meanwhile, Solana experienced a 21% decrease to $192 last month, yet still registered a 28% rise on a quarterly basis.

The adoption of ETFs in the cryptocurrency market may create new opportunities. The optimism following Trump’s victory could lead to a reshaping of the market. Despite uncertainties surrounding regulations, investors are closely monitoring these opportunities. Consequently, the market’s outlook offers significant potential for both individual and institutional investors.

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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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Fatih Uçar 25 December, 2024 - 11:14 am 25 December, 2024 - 11:14 am
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