The crypto market is optimistic about the potential for a bull market under President-elect Donald Trump, who has shown support for cryptocurrencies. The Federal Reserve may resume quantitative easing and cut interest rates, which could increase liquidity and make Bitcoin more appealing to investors. The possibility of a pro-crypto Congress and new SEC Chair raises the likelihood of approval for spot altcoin exchange-traded funds (ETFs) in the US. Congress may also introduce comprehensive crypto legislation under the Trump administration. Bitcoin could reach new records of $150,000 to $200,000, with the total crypto market cap hitting $9 trillion, according to a podcaster. Blue-chip tokens like XRP and Cardano, as well as altcoin sectors like meme coins and AI tokens, are predicted to deliver massive gains in 2025.



Other News from Today