According to a report by Golden Finance, the latest report from 10X Research shows that trading activity has undergone significant changes since Trump's election. With seven weeks to go before the inauguration, early appointments have hinted at a major shift towards a cryptocurrency-friendly U.S. government. This trend is expected to continue and may expand trading opportunities. Other countries' governments, especially South Korea's, have also taken a more favorable stance on cryptocurrencies. As the U.S. leads in developing cryptocurrency regulations or deregulations, a wave of increased global cryptocurrency friendliness is anticipated to follow. Alpha tokens in smaller cryptocurrencies may continue to grow. In the past 24 hours, South Korea's cryptocurrency market saw a surge in retail trading volume to $18 billion, reaching the second-highest level this year, surpassing the local stock market's trading volume of $14 billion. XRP led with a trading volume of $6.3 billion, followed by DOGE ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million), and SHIB ($600 million). These high-momentum cryptocurrencies are primarily driven by retail traders, who leverage and reinforce the momentum-driven trend. Bitcoin's funding rate is relatively mild, annualized at 15%, while South Korean retail trading volume has increased to $18 billion, showing the largest divergence. It is clear that action is taking place in the altcoin market, and everyone needs to have a strategy to ride these waves while maintaining discipline. Currently, altcoins are the focus of the market.
