Trump’s Crypto Reserve Boosts XRP and Cardano Amid Market Declines

XRP and Cardano (ADA) have surged 375% and 163% respectively since Donald Trump’s election, benefiting from a more favorable regulatory environment under the new SEC leadership. In contrast, major cryptocurrencies like Bitcoin, Ethereum, and Solana have seen significant declines, with Ethereum hitting a 15-month low. Despite ongoing legal challenges for Ripple, the market’s optimism around Trump’s proposed crypto reserve has bolstered XRP and ADA’s performance.

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Vitalik Buterin Addresses Ethereum’s Future and Layer Two Challenges

Vitalik Buterin has voiced concerns about the impact of layer-2 networks on Ethereum’s economy and price stability, urging developers to prioritize interoperability and security. He proposed that these networks could support ETH’s value by burning fees or staking them for community benefits. Meanwhile, MetaMask is expanding its reach beyond Ethereum, tapping into other ecosystems like Bitcoin and Solana.

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Goldman Sachs CEO Says Bitcoin Is Not a Threat to US Dollar

Goldman Sachs CEO David Solomon stated that Bitcoin poses no threat to the U.S. dollar, describing it as a speculative asset. Despite Bitcoin reaching an all-time high near $109,000, he emphasized the dollar’s enduring strength. Goldman Sachs has significantly increased its Bitcoin ETF holdings, now totaling $710 million, reflecting a broader trend among banks investing in cryptocurrency.

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Bitcoin Price Surge and Market Dynamics Ahead of Key CPI Data

Bitcoin has reclaimed the $96,000 mark after a rough start to the week, driven by expectations of pro-crypto policies from President-elect Donald Trump. Analysts predict a potential surge toward $200,000 in 2025, contingent on upcoming U.S. inflation data and institutional capital flows. Despite recent volatility and macroeconomic pressures, some forecasts suggest Bitcoin could reach between $145,000 and $249,000 by year-end, supported by favorable trends and growing institutional adoption.

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