5 cryptocurrencies to watch right now

Key Points

  • President Donald Trump's pro-crypto stance has significantly influenced the cryptocurrency market, leading to increased activity and potential for further gains.
  • Bitcoin has repeatedly broken all-time highs since Trump's reelection, with speculation about a Bitcoin Reserve announcement.
  • Ether, despite not surpassing its 2021 peak, remains a key player in the blockchain ecosystem with potential for growth.
  • Solana is gaining traction with its speed and the potential launch of Solana ETFs.
  • XRP's legal battle with the SEC has seen a favorable outcome, increasing the likelihood of XRP ETFs.

Summary

President Donald Trump's pro-crypto stance has had a profound impact on the cryptocurrency market, with several cryptocurrencies experiencing significant movements. Bitcoin has been particularly buoyant, reaching a record high of $108,786 on Trump's inauguration day, fueled by speculation about a Bitcoin Reserve. Ether, while not yet surpassing its 2021 peak, continues to be integral to the blockchain industry, supporting numerous decentralized applications. Solana, known for its speed, is also on the rise, with potential ETF launches on the horizon. XRP, after a legal battle with the SEC, now faces a more favorable regulatory environment, potentially paving the way for XRP ETFs. Cardano, too, is gaining attention with rumors of its founder joining the Trump administration and the prospect of Cardano ETFs. As of mid-February 2025, these cryptocurrencies are trading at various levels, reflecting the dynamic and evolving nature of the crypto market.

yahoo
February 17, 2025
Crypto
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