Currently, funds are still pouring into the cryptocurrency market, and Bitcoin has rarely seen a price surge over the weekend, now reaching 80,000 USD, indicating strong market demand for Bitcoin. The market is anticipating further relaxation of cryptocurrency and financial regulations under the Trump administration, at which point trading institutions will be able to achieve higher profits from users through more innovation, and the demand for Bitcoin will also rise accordingly.
The surge in Bitcoin has also driven the upward trend of small and medium-sized cryptocurrencies, with meme coins experiencing the strongest gains. For instance, meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) saw daily increases of up to 25%, indicating that traders are speculating on meme coins with high leverage, earning additional rewards through the market's excitement. The current market sentiment can be described as relatively greedy; however, this is quite normal during a bull market, and small to medium-sized cryptocurrencies are the next targets for speculation.
Notably, Charles Hoskinson, the founder of the main chain coin Cardano (ADA), announced on the X social platform that he will play an important role in the new Trump administration, dedicating significant time to collaborating with U.S. policymakers to establish a more comprehensive regulatory framework for crypto assets, which has consequently driven ADA's strong daily gains.
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"MICA Daily｜Funds continue to flow in, Bitcoin breaks 80,000 USD" was first published on (Blockcast).
