Cryptocurrency Roller‑Coaster: Bitcoin, Solana, and the Trump‑Crypto Coffee
Yesterday’s crypto news was a cocktail of winners and losers, all brewed with a dash of political intrigue. Grab your coffee—we’re spilling the beans.
Bitcoin: Back on the Winning Team
After a brief period of tag‑team play since mid‑week, Bitcoin sprinted back to the coveted $91,400 mark. Think of it as the team that missed the penalty but came roaring back to win the final.
Solana: Third‑Day Streak
The Solana squad is keeping the flame alive—third straight day of gains—hovering just a smidge below its 2021 high of $260. It’s now solidly above $240, proving it’s still a force to be reckoned with.
Ethereum & XRP: The Tightrope Walkers
- Ethereum had a poor day, dropping more than 3% and coin‑crawling around the $3,100 fence. A fine line ahead.
- XRP is on a horizontal mid‑season tour since last Sunday, hanging around $1.08—like a cat that hasn’t decided whether to chase the mouse or nap.
Trump’s Crypto Comeback: A New Power‑Play
The dear Trump factor isn’t just left in the political sphere—he’s got his hands in crypto too. Trump’s media outfit, Truth Social, is in talks to snatch up Bakkt, and his kin—Eric, Donald Jr., and Barron—are buddies with the DeFi outfit World Liberty Financial. The implication? A push towards a friendlier regulatory environment, just as Trump’s campaign promised.
Meanwhile, Coinbase’s CEO Brian Armstrong has been hugging the chairman of the Republican party ceiling. And Brian Brooks (a former Binance.US boss) is perching on the edge of a regulatory role, surging in the crypto-support scene. The industry’s watching for the watchdog gears to shake up.
The chatter doesn’t stop—SEC Chair Gary Gensler may be on the chopping block, rumors swirling even while the transition is still mid‑night. Legal machinations loom over possible resignations, and the narrative of a new, less‑restrictive era is brewing.
Record‑Breaking Futures & The FOMO Surge
- Bitcoin futures open interest hit a staggering $57 bn—the first time ever—underlining the bullish sentiment.
- XRP futures, too, are ascending for a third day, perched at $1.86 bn after last Sunday’s record.
- Ethereum futures broke a fresh record, stacking up to 18.3 bn USD or 5.7 million ETH in open interest.
And what’s the subtext? Bitcoin’s recent glory is drawing a FOMO crowd. New blockchain addresses are spiking to an average of 366,000 per day—up from a sub‑315,000 trend since mid‑October. It’s proof that more folks are hopping on the hype train.
Wrap‑up
All in all, the crypto field is bracing for a policy shift that might tilt the scales in favor of market expansions. With major players lining up on the potential regulatory makeover, expect the future landscape to shape up into something new—and hopefully a lot more lively.
