ChainCatcher News, recently established cryptocurrencies have experienced a significant surge, with XRP breaking its historical high, skyrocketing to $2.90, while ADA, HBAR, and XLM also recorded astonishing gains. 📈

This round of increase is mainly driven by Trump's proposal to eliminate capital gains tax on cryptocurrencies and the potential appointment of pro-crypto cabinet members. Cantor Fitzgerald CEO Howard Lutnick may take the position of Secretary of Commerce, and the SEC chair position may be succeeded by Paul Atkins. 🤝

Although South Korea's martial law briefly affected the market, Bitcoin's quick rebound demonstrates strong buying power. Analysts believe that with favorable policies and the entry of institutional investors, the crypto market is expected to continue its upward trend. 🚀