Coinbase recently scored a significant victory against the
SEC as a judge agreed to escalate their dispute over crypto security definitions. The
Election has delivered a significant win for the crypto market, including
Bitcoin, which is now enjoying political clout. However, the win has also driven
memecoin frenzy, with investors anticipating considerable gains and turning even obscure meme coins into a potential source of huge returns.
The
Trump win might be interpreted as a negative sentiment for memecoins according to some experts. On the other hand,
MAGA Coin saw a drop of 35% after Trump's win. The
crypto market surge after the election win was due to a combination of factors, including a stablecoin optimism with
Ripple's XRP surging to a new high. Crypto exchange volumes hit a three-year high following Trump's win.
ETFS, specifically
Bitcoin ETFs, saw record inflows following the election. Other cryptocurrencies, including
altcoins, also rose in response to Trump's win.
Bitcoin surpassed expectations, setting new highs and becoming the 10th largest global asset. The triumph has also sparked a surge in the demand for
leveraged ETH ETF.
There is, however, concern and speculation within the crypto community about potential changes to regulations and policies, particularly in the context of stablecoins and the clarity of crypto definitions.
WIN Coin News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Wed, 08 Jan 2025 15:10:00 GMT -
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