Having reclaimed the psychological price of $100,000, Bitcoin has got the crypto community talking about its inclination toward smashing its present all-time high (ATH) of $109,114.
At press time, Bitcoin was up by 8.4% in the past week to hit $105,130, according to CoinGecko data.
With Bitcoin being a stone’s throw away from its historic high, Donald Trump’s ascendancy to the U.S. presidency is among the top crypto discussions, owing to the expected pro-crypto policies by the United States Securities and Exchange Commission (SEC).
President Trump recently revealed plans to make cryptocurrency a national priority, with his inauguration recently taking place on January 20th.
Furthermore, Silk Road founder and Bitcoin legend Ross Ulbricht was recently freed from prison, given that part of Trump’s reelection campaign promises was to pardon him.
What’s Making Litecoin ETF and XRP the Talk of the Crypto Town?
Major excitement has engulfed the Litecoin (LTC) network thanks to the potential approval of an exchange-traded fund (ETF).
If this sees the light of day, analysts are optimistic that this will ignite the Litecoin fire since a price increase will be imminent.
Litecoin is already enjoying a 14% increase in the past week to hit $120.60, according to CoinGecko data.
On the other hand, XRP is edging closer to its ATH price of $3.40, recorded more than seven years away, as it continues to traverse the $3.20 zone.
A leading market analyst added, “Traders are discussing XRP’s 7-year high market value, along with the bullish sentiment surrounding the asset’s prior legal victories over the SEC and the SEC’s appeal. Additionally, there is significant anticipation of regulatory changes and further market recovery to extend XRP’s rally.”
With Bitcoin, President Trump, Litecoin ETF, and XRP topping the crypto market, a bullish picture continues to be painted.
