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The newly elected US President Donald Trump has actively supported Bitcoin and its country-wide adoption. He was the first President to make a Bitcoin-based transaction at a burger shop, showing his belief in his intentions in his new term. The spot Bitcoin ETF market has also reacted positively to this week’s rising price.
After Elon Musk’s appointment to lead the Department of Government Efficiency, Donald Trump has kept his word about introducing crypto-friendly regulations. This market sentiment can propel Bitcoin price to new highs in this bullish season, as the Spot Bitcoin ETF market also records huge inflows from investors.
Bitcoin Price Rockets as Spot Bitcoin ETF Market Sees Record Inflows
The Spot Bitcoin ETF market has recorded huge net flows this November following Donald Trump’s election victory. After Bitcoin price surged past $90K this week, BlackRock Spot Bitcoin ETF has recorded $1.5 billion in volume after trading, and Fidelity Spot Bitcoin ETF trust has gained $135.1 million in recent days.
Moreover, Bitcoin has surpassed Silver as the 8th largest asset with a market cap of $1.78 trillion. Spot Bitcoin ETF inflows have been critical in driving the Bitcoin price to new highs this bull season. With companies like Microstrategy actively acquiring BTC holdings, the Bitcoin price is predicted to cross the $100K level before the dawn of 2025.
Ripple (XRP) Rides Bullish Wave Amid Expected Legal Settlement
With the Bitcoin price expected to touch $100K soon, the anticipated favorable market conditions and legal settlements will likely pivot the XRP price trajectory. Furthermore, the Ripple XRP ledger has also announced major updates, including DIDs and three new proposed specifications for safe digital identity verification.
Ripple (XRP) price faces a critical resistance at the $0.7 level while bulls are trying hard to break past this mark. The bullish trajectory and regulatory clarity with the SEC under Trump’s administration will push the Ripple price to new levels as experts believe that $1 is extremely likely for XRP in this bull run.
$7.7M Presale Rally Makes DTX Exchange (DTX) ‘Top Favorite’
DTX Exchange (DTX) stands out as a frontrunner in this bull run as Bitcoin price is pumping hard. The project is on the road to success with its advanced trading technologies and cutting-edge, raising a mind-blowing $7.7 million presale rally. The hybrid DTX platform offers a high-growth opportunity for traders to maximize gains with 1000x leverage and advanced automation strategies.
Industry specialists have recognized DTX Exchange as one of the most advanced and competitive marketplaces with end-to-end solutions and native hybrid blockchain with 10,000 TPS performance stats. DTX Exchange is known for its decentralized security protocols and the ability to host 120,000 digital assets across equities, forex, and merged stock/crypto pairs.
DTX Exchange has closed its batch 4 presale and its price has surged to $0.1, a 200% pump within days. This bullish demand for its industry-competitive feature and early-stage potential has investors rushing into its presale stage 5. As crypto has caught the attention of many whales, experts predict that DTX tokens can surge past the $2 price after the CEX listing this year.
Conclusion
A crypto-friendly administration in the US is expected to sort out the legal complications for Ripple (XRP). The bullish Bitcoin price amid the surging Spot Bitcoin ETF market will likely propel the XRP price to new highs. DTX Exchange is also well-positioned to rocket past $2 with a 200% price rally this year after expected marketplace listing in the upcoming weeks.
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Source: https://en.cryptonomist.ch/2024/11/15/us-president-recommends-holdind-btc/