ChainCatcher news, QCP Capital's latest analysis reveals a significant upward trend in traditional cryptocurrencies since 2021. XRP has broken through the historical high of 2 dollars, skyrocketing 400% to 2.90 dollars since November. ADA, HBAR, and XLM have also recorded increases of 300%, 800%, and 600% respectively, demonstrating strong momentum in traditional crypto assets.
This round of increases is mainly driven by two factors: Trump's proposal to eliminate capital gains tax on cryptocurrencies and potential pro-crypto cabinet nominees. Cantor Fitzgerald CEO Howard Lutnick may be appointed as Secretary of Commerce, while the SEC chair position may be taken over by Paul Atkins.
Despite the temporary impact of the South Korean martial law on the market, Bitcoin quickly rebounded, showing strong buying power. Analysts believe that the pro-crypto policies from the Trump team and the entry of institutional investors could drive Bitcoin beyond 100,000 dollars and Ethereum to new historical highs. Investors are advised to pay attention to market trends and seize opportunities.