Crypto Snapshot: Latest News and Trends
By SYGNAL
📈 Market News:
- Bitcoin ($BTC) soared past $109,000, marking a new record. This dramatic rise is linked to anticipation of pro-crypto policies by the incoming Trump administration. Bitcoin has more than doubled since January 2024. (Barron's)
- $XRP reached a record high of $3.4, climbing nearly 40% this week and outperforming other major cryptocurrencies. (Forbes)
💸 Money Flow:
- The sharp rise in Bitcoin ($BTC) and XRP ($XRP) suggests robust capital inflow fueled by institutional and retail investors seeking opportunities amid regulatory optimism. (Forbes)
🗣️ Crypto Influencers:
- Speculation about Donald Trump’s crypto-friendly policies has been a major driver of bullish market sentiment, with some expecting regulatory reforms like reversing Operation Chokepoint 2.0. (Forbes)
- The "official" Trump memecoin, TRUMP, debuted, stirring excitement and volatility in the market. (Forbes)
🌐 Adoption and Usage:
- A wave of institutional investors entering the market bolsters cryptocurrency prices, signalling growing confidence in the sector. (Forbes)
🛠️ Technological Updates:
- Ethereum ($ETH) continues its evolution with proof-of-stake upgrades, sparking innovations in decentralized applications (dApps) and decentralized finance (DeFi). (Forbes)
🧠 Other Interesting Information:
- Monero ($XMR) continues to uphold the cypherpunk vision of privacy-focused cryptocurrencies, contrasting Bitcoin’s broader adoption into traditional finance. (Forbes)
According to this cycle, when would this bullrunn be at it’s peak? Would it be in march or something?