Crypto markets are rising due to U.S. politics. Donald Trump, a key figure in the crypto world, has sparked increased interest in risky assets and boosted crypto trading after surviving an assassination attempt last week.
Trump is favored by Wall Street, with major figures from Silicon Valley and the crypto sector investing heavily in his campaign. This support has heightened enthusiasm among digital asset traders, who are now more eager than ever to invest in the riskiest type of cryptocurrency: meme coins.
Top Gainers in the Digital Asset Market This Week
The biggest winner in the digital asset market this week is Popcat, a Solana-based token, which has surged by 79% over the past seven days to a price of $0.9053, according to CoinGecko. Another Solana-based token, Dogwifhat, also saw significant gains, rising 57% to reach $2.51.
Ethereum-based Pepe is the third-largest gainer this week, with a 39% increase, now priced at $0.00001227. Among major cryptocurrencies, Solana, the fifth-largest by market cap, jumped 23% in the past week, now trading at $170.05.
Ethereum, the second-largest digital asset, has risen 12% this week, reaching $3,504 per coin. The anticipated Ethereum exchange-traded funds (ETFs) are set to debut on stock exchanges by Tuesday, as confirmed by Cboe.
Notable Performances Among Top Cryptocurrencies This Week
XRP has been a standout performer this week, rising over 18% to $0.58. This surge is attributed to speculation that Ripple Labs, the company behind XRP, is close to reaching a settlement with the U.S. Securities and Exchange Commission. It has been one of the top performers among major market cap assets.
Bitcoin, the largest cryptocurrency, has also shown strong gains, increasing by 15% over the past week to end at $66,570. On Friday, Bitcoin reached a one-month high of $67,000 as concerns over German Bitcoin liquidations and Mt. Gox repayments eased. The upcoming keynote by Donald Trump at the Bitcoin Conference next week could potentially drive further gains for BTC.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
