Victory

Solana

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-thrives-with-trumps-victory-and-increased-etf-approvals/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Thrives with Trump’s Victory and Increased ETF Approvals</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/bitcoin-hits-new-2024-peak-as-crypto-market-surges/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-investors-observe-unprecedented-developments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market has recently experienced significant activity, coinciding with Donald Trump’s victory in the U.S. elections. Following a slow start in 2023, expectations for a bull market in 2024 have partly materialized. Bitcoin has shown positive performance in eight of the last eleven months, particularly in November.</p>
<h2 id="regulations-impacting-the-crypto-market">Regulations Impacting the Crypto Market</h2>
<p style="text-align: justify">Since the beginning of the year, market participants have focused on the implications of the U.S. election results on cryptocurrency. Trump has positioned himself as a proponent of crypto-friendly policies, while his rival Kamala Harris has also indicated support for the sector’s development.</p>
<p style="text-align: justify">Trump’s declaration of himself as the “Bitcoin president” and his suggestion for the resignation of SEC Chairman Gary Gensler have energized the market. Following the election results, the <a href="https://en.coin-turk.com/coinbase-eyes-growth-following-canadian-governments-crypto-report/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> transitioned into a bull phase, as Trump’s control of both the Senate and House of Representatives provides him with the power to implement regulations.</p>
<h2 id="growing-adoption-of-bitcoin">Growing Adoption of Bitcoin</h2>
<p style="text-align: justify">Countries like El Salvador and Bhutan have gained attention for their Bitcoin policies, with Bhutan holding Bitcoin equivalent to one-third of its GDP. El Salvador has been acquiring BTC since 2021, amassing thousands of Bitcoins.</p>
<h2 id="introduction-of-new-cryptocurrencies">Introduction of New Cryptocurrencies</h2>
<p style="text-align: justify">Every year, thousands of new cryptocurrencies are launched, offering unique functionalities and profit potentials. The year 2024 is expected to highlight meme-themed cryptocurrencies, with market capitalization projected to exceed $4 trillion by 2025.</p>
<h2 id="more-spot-etfs-in-cryptocurrency">More Spot ETFs in Cryptocurrency</h2>
<p style="text-align: justify">Numerous applications await approval from the SEC for assets such as XRP and SOL. If Trump appoints a crypto-friendly SEC chair as desired, the number of approved ETFs could increase, alongside new applications.</p>
<blockquote>
 <p>“Several spot crypto ETF applications will be submitted this week.” – Nate Geraci</p>
</blockquote>
<p style="text-align: justify">Spot ETFs for Bitcoin and Ethereum have gained immense popularity among investors, with approvals expected for other cryptocurrencies like Solana and XRP. Solana is projected to lead this process.</p>
<h2 id="bull-run-in-the-cryptocurrency-market">Bull Run in the Cryptocurrency Market</h2>
<p style="text-align: justify">The year 2025 may witness a bull run as all cryptocurrencies are expected to peak following Bitcoin’s halving event. Market activity is anticipated to increase significantly in early to mid-2025.</p>
<p style="text-align: justify">The cryptocurrency market is expected to strengthen by 2025, aided by improved regulations, growing adoption, and rising sector demand. However, market volatility and macroeconomic factors could influence this process.</p>
<p>The post <a href="https://en.coin-turk.com/crypto-market-thrives-with-trumps-victory-and-increased-etf-approvals/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Thrives with Trump’s Victory and Increased ETF Approvals</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Crypto Market Thrives with Trump’s Victory and Increased ETF Approvals

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