Currently, funds are still flowing into the cryptocurrency market, and Bitcoin has rarely seen a price surge over the weekend, with the current price reaching $80,000, indicating strong demand for Bitcoin in the market. The market is anticipating that the Trump administration will further relax regulations on cryptocurrencies and financial oversight, allowing trading institutions to gain higher profits from users through more innovation, which will subsequently drive up the demand for Bitcoin.
The rise of Bitcoin has also driven the upward trend of small and medium-sized cryptocurrencies, with meme coins showing the strongest gains. Coins like Shiba Inu (SHIB) and Dogecoin (DOGE) have seen daily increases of up to 25%, indicating that traders are speculating on meme coins through high leverage, earning additional rewards through the market's excitement, and the current market sentiment can be described as relatively greedy. However, this is quite normal during a bull market, and small and medium-sized cryptocurrencies are the next targets for speculation.
It is worth noting that Cardano (ADA) founder Charles Hoskinson announced on the X social platform that he will play an important role in the new Trump administration, dedicating a significant amount of time to work with U.S. policymakers to establish a more comprehensive regulatory framework for crypto assets, which has led to a strong daily increase in ADA.
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"MICA Daily｜Funds continue to flow in, Bitcoin breaks $80,000" this article was first published on (Block客).
