Amidst anticipation of President-elect Donald Trump’s executive order to prioritize cryptocurrency, Bitcoin and the broader crypto market surge. The initiative could position crypto as a key focus of the administration, impacting stocks and leading to a spike in trading activity.
The cryptocurrency sector’s valuation soared to $3.67 trillion, led by Bitcoin’s historic rally past $100,000, igniting significant gains in key PoW coins like DOGE, BCH, and LTC. The bullish wave occurred in the wake of Trump nominating Paul Atkins as the potential SEC head, seen as a positive move for the crypto industry.
XRP has seen a dramatic 115% increase in trading volume, dominating South Korean cryptocurrency markets and outpacing even Bitcoin and Ethereum in popularity on major exchanges.
