Donald Trump’s second visit to the White House has entirely incited the crypto market. His presidential victory has led to multiple incidents in the crypto market. Bitcoin is hitting the 100K milestone, and the unprecedented price surge of major coins like ETH and XRP exemplifies how Donald Trump and his pro-crypto attitude affect and determine the crypto market.
Trump will replace Joe Biden and become the 47th United States President on January 20, 2025. Biden, Elon Musk, CEO of Tesla; Jeff Bezos, Founder of Amazon; Mark Zuckerberg, CEO of Meta; Tim Cook, CEO of Apple; and Ambanis will attend the inaugural function. The crypto market is likely to witness unparalleled changes in the upcoming days. Let us look at the crypto coins that might surge once the inaugural ceremony is over and Trump officially becomes the US president.
Donald Trump is all Set to Become the 47th US President
Donald Trump will officially become the US president on 20th January 2025. He will take an oath inside the US Capitol. This is due to the increased cold temperature in the US. Powerful individuals like Zuckerberg, Elon Musk, and Mukesh Ambani across the world are all set to witness Trump’s inaugural ceremony. Trump will be sworn in for his second term as the President of the United States in Washington DC. the latest reports indicate that around 200,000 Trump supporters are expected to visit the city to witness the presidential power transfer.
The impact of Donald Trump’s victory on the crypto market cannot be neglected. His victory over Kamala Harris itself impacted the crypto market and led to the price surge of multiple coins and tokens. The notable thing in the cryptocurrency industry in which Bitcoin hit the 100K value was all because of Donald Trump and his victory in the presidential election.
Donald Trump’s Second Visit to the White House and Crypto Market
The crypto market was never the same before and after Trump’s victory in the presidential election. Former president Joe Biden was never a crypto fan at all, but Donald Trump’s pro-crypto attitude has enhanced the market and led to the price surge of multiple crypto coins. Let us look at the major crypto coins that might surge once the official inauguration of Donald Trump is over.
Bitcoin (BTC)
Bitcoin is itself the prime candidate to lead the crypto market. The price of BTC hit the milestone of $100K right after Trump’s victory in the US election. Bitcoin attained the milestone of $100K on December 05, 2024. BTC attained its all-time high price on January 20, 2025, followed by the inaugural ceremony of Donald Trump’s Presidential era. It marked $109,114.88 on Monday and has become the most valuable crypto coin. The experts from the sphere believe that BTC will continue its bullish run and become the best in the business. In November, right after the election results were published, BTC was recorded and traded at $99,655.50. In December, Bitcoin achieved $108,268.45 which was its previous all-time high price. Bitcoin is expected to be valued at $250,000 to 300,000 by the end of the year, the experts from the arena believe it could be attainable and we will be able to see an enhanced BTC by the end of 2025.
Solana (SOL)
Solana has been an active participant in the cryptocurrency market. Its price surged to its new all-time high of $275 on the day before the official inauguration event of Donald Trump. As per the latest available data, Solana users executed 5.32 million transactions within 24 hours of the release of Donald Trump’s new meme coin $TRUMP. It is currently trading at $263.69 with a market cap of $127.97. The Crypto experts believe SOL might break its previous records after January 20. SOL is currently the fifth-largest cryptocurrency in the market and it is more than capable of improving its current position. It is expected to achieve the milestone of $300 in the upcoming days.
Dogecoin (DOGE)
The latest report shows us that Dogecoin Price has recently shown a symmetrical triangle pattern which indicates a potential bullish trend. The momentum occurred three days before Donald Trump’s inauguration event. The latest technical analysis of Dogecoin concludes it will likely reach an all-time high value of $0.74. DOGE is currently trading at $0.3796. It reached its all-time high price on May 08, 2021, the experts and analysts from the arena believe this record might be broken in this year.
Ripple (XRP)
The information coming from the crypto space shows that the administration change in the United States of America could seriously impact how Ripple (XRP) trades in the market. $3.84 is the all-time highest value of XRP and it is currently trading at $3.26. The price surge is near and it could surpass the all-time high in the upcoming days. The presidential inauguration event of Trump will make a serious impact on the trading activity of XRP. Along with Trump’s administration, the resignation of Gary Gensler could be a major factor in determining the value of Ripple. The Securities and Exchange Commission (SEC) has been a problematic agency in the activities of XRP, so the role of Gensler’s exit cannot be neglected.
Trump Coin (TRUMP)
Trump Coin is the latest meme coin launched by none other than newly elected US President Donald Trump. It has reportedly surged to a $11.7 billion market cap following the presidential inauguration event of Donald Trump. The coin was launched on Friday and it surged to $58.56 on Monday. It has become the 18th biggest cryptocurrency in its very first week. The experts expect the $TRUMP crypto coin will reap profits and higher values in the upcoming days.
Donald Trump’s pro-crypto approach and administrative changes in favor of the crypto market will seriously affect the market and how crypto coins are going to perform in the future. The sphere expects a price spike for almost every available crypto coin. These are the notable cryptocurrencies that could deliver the best prices and profits for traders and investors.
The Bottom Line
The impact of Donald Trump and his administrative decisions will play a major role in determining the price of cryptocurrencies. The early signs have already started to show. Bitcoin reaching its all-time high price of $109,114.88 on the day of the presidential inauguration event itself shows how monumental Trump’s impact is. As of now, Donald Trump is officially the President of the United States of America, we might be seeing an enhanced crypto market in the upcoming days.
