The cryptocurrency manufacture witnessed a market-wide rally aft Donald Trump won the US Presidential election. The marketplace rally was fueled by Trump’s pro-crypto stance. Trump has been precise supportive of the crypto space. He adjacent enabled crypto donations for his campaigns.
Also Read: U.S. Senate Launches First Crypto Subcommittee: A New Era for Regulation?
Current Cryptocurrency Market Trends
The crypto marketplace has faced a important pullback implicit the past period and a half. There was a important terms correction successful December 2024 aft inflation figures successful the US accrued to 2.7%. The Federal Reserve announced lone 2 involvement complaint cuts for 2025 to combat rising inflation.
The cryptocurrency marketplace faced different correction this period pursuing better-than-expected jobs figures successful the US. The precocious occupation numbers person formed a shadiness connected hopes for an aboriginal involvement complaint chopped this year.
There is simply a anticipation that the cryptocurrency marketplace volition surge aft President-elect Donald Trump’s inauguration connected Jan. 20, 2025.
Also Read: Ethereum (ETH) To Hit New Peak Of $6000: Here’s When
Top 3 Cryptocurrencies That May Rally After Trump’s Inauguration
1. Bitcoin (BTC)
BTC is the marketplace leader. Other assets volition apt not determination unless BTC rallies. Trump’s medication volition apt levy lenient regulations connected the cryptocurrency industry. The determination could pb to a important marketplace resurgence.
There is simply a anticipation that BTC volition deed a caller all-time precocious aft Trump’s inauguration.
2. Dogecoin (DOGE)
DOGE is different cryptocurrency that could rally aft Trump’s inauguration. Elon Musk is 1 of the astir important Trump supporters. The tech billionaire is besides a vocal DOGE fan. Trump has greenlit the instauration of the Department Of Government Efficiency (D.O.G.E.) astatine Musk’s request. We whitethorn witnesser a important rally for DOGE aft Trump assumes office.
3. Ripple (XRP)
Ripple’s XRP token whitethorn besides acquisition a rally aft Trump assumes office. Ripple CEO Brad Garlinghouse precocious had meal with the President-elect. The cryptocurrency whitethorn person an casual roadworthy nether the caller administration.