Donald Trump’s return to the presidency is igniting a new era for the cryptocurrency market, with Bitcoin surging to record highs above $75,000. His pro-crypto agenda promises significant shifts in U.S. digital asset policy, including plans for a national Bitcoin reserve and the removal of SEC Chair Gary Gensler. As 220 pro-crypto candidates gain ground in Congress, the legislative landscape is poised for change, reflecting a growing acceptance of digital assets. Meanwhile, Ethereum faces challenges as it hits a three-year low against Bitcoin, highlighting the shifting dynamics within the crypto ecosystem. With anticipation building around Trump's promises, the crypto community is eager to see how these developments will unfold.
The global crypto market cap is $2.47 trillion, with a 24-hour volume of $203.77 billion. The price of Bitcoin is $74,189.85, and BTC market dominance is 59.5%. The price of Ethereum is $2,643.45, and ETH market dominance is 12.9%. The Crypto Fear & Greed Index is currently Greed (70).
Trump's crypto-friendly agenda promises a seismic shift in U.S. digital assets strategy, driving Bitcoin to record highs.
Pro-crypto candidates gaining momentum in US elections, suggesting a shift in legislative attitudes toward digital asset regulation.
The blog post by Josh Stark comes amid the pair ETH/BTC hitting its lowest point since April 2021, at 0.03493 BTC.
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