The price of Bitcoin
$105,040 was at $105,000 at the time of writing, with most altcoins experiencing a decline. SOL Coin gained double-digit profits over the weekend thanks to support from Trump, while interest in altcoins shifted towards the official token of the President, named Official Trump (TRUMP). Although significant macroeconomic developments are not expected in the coming days, a flurry of news is anticipated.
Significant Developments in Cryptocurrencies
We are entering one of the most important weeks of the year. Starting tomorrow, Trump will begin making nationwide decisions related to cryptocurrencies as the new President of the United States. Following El Salvador’s recognition of Bitcoin as legal tender, the potential for the world’s largest country to adopt it as an official reserve asset exists. The pace of activity in the crypto space is accelerating.
Trump and ETF Decisions
Even if the current SEC administration continues after Gensler’s resignation, there will be a transition period until Trump’s nominee Paul is approved. This means that the initial decision dates for SOL Coin ETF applications may be postponed by the SEC in the coming days. Although the Senate has not yet approved, a push to expedite this process could allow for some outcomes by Thursday.
Despite Trump’s inauguration, a postponement decision for SOL Coin could indicate weakness. Alternatively, the meme coin initiated by Trump on the Solana
$269 network may continue to attract interest, potentially leaving SOL Coin’s price unaffected.
Get ready for a busy day on Monday, as significant developments are expected to lead to intense moments in the crypto market. Will a new crypto bull run commence with Trump at the helm?
