【The Varied Landscape of the Crypto Market Under Trump’s Influence】

1. The Trump Effect Ignites the Crypto Market😮

Trump launches his own meme coin, triggering market turbulence, with Bitcoin following suit and rising. Reports suggest that he plans to ease regulatory burdens on cryptocurrency companies after taking office, promoting the application of digital assets.

2. Optimistic Outlook for Bitcoin🎉

Bitcoin recently broke through the $106,000 mark, linked to Trump’s inauguration. Traders are optimistic about his policies, expecting Bitcoin to rise to $150,000. Last week, Bitcoin regained critical liquidity and surged to highs without strong resistance. The possibility of the U.S. establishing a strategic Bitcoin reserve has risen to 70%, and Switzerland has proposed similar measures, indicating Bitcoin is integrating into the global reserve system.

3. Ethereum Underperforms😔

While the cryptocurrency market cap expands, Ethereum has not performed well. Despite an inflow of $166 million into ETFs, it struggles to break the $3,500 mark. The Ethereum Foundation is restructuring, and major holders are increasing their positions, which may signal a potential breakthrough ahead.

4. Dogecoin Faces Opportunities and Challenges🤔

In this wave of cryptocurrency rally driven by the Trump Effect, Dogecoin has also garnered market attention and optimism, favored by many traders and investors who anticipate significant appreciation for Dogecoin thanks to the “Trump Effect.”

However, the market also faces some challenges. Police recently recovered £28 million worth of Bitcoin from an international scam gang that had used an Australian cryptocurrency exchange for fraudulent activities. Meanwhile, some critics express concerns about the sustained rise of Bitcoin, suggesting the possibility of a bubble, and there are many questions regarding President-elect Trump’s stance on cryptocurrency, all of which add instability to the market.