Bitcoin (BTC) and Crypto Market Surge as Trump’s Inauguration Looms

As the cryptocurrency market wraps up another eventful week, traders and investors are celebrating a strong market recovery, with major coins like Bitcoin (BTC) and Ripple's XRP leading the charge.

As the cryptocurrency market wraps up another eventful week, traders and investors are celebrating a strong market recovery, with major coins like Bitcoin (BTC) and Ripple’s XRP leading the charge. The excitement is further fueled by the rise of a new meme coin—TRUMP—launched just ahead of Donald Trump’s presidential inauguration on January 20, 2025. Let’s take a closer look at some of the biggest crypto market developments of the week.

Bitcoin (BTC) and Crypto Market Surge as Trump’s Inauguration Looms

Bitcoin (BTC) has regained significant momentum, climbing over 10% in the past seven days and closing the week at an impressive $105K. This surge comes amid growing optimism surrounding Donald Trump’s upcoming presidential term, as many believe his pro-crypto stance will benefit the broader market. Bitcoin’s recent rise reflects the broader bullish sentiment sweeping through the crypto space, as key cryptocurrencies like Ethereum (ETH) and Solana also saw notable gains.

Ethereum (ETH) saw a slight uptick of 3%, ending the week at $3,370, while Solana (SOL) surged 37%, closing at $257. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced price increases, ranging from 5% to 20%, signaling the market’s positive reaction to Trump’s administration.

The optimism surrounding Trump’s presidential inauguration is not confined to just market sentiment. States like Oklahoma and Wyoming have proposed legislation to support Bitcoin, including Oklahoma’s Bitcoin Reserve Act, further strengthening the case for crypto’s growth in the U.S. The confluence of political shifts and market movements has created an environment ripe for further bullish trends across the board.

Ripple’s XRP Surges Amid Trump’s Inauguration and Legal Developments

Ripple’s XRP has also emerged as a significant player this week, gaining 28% to close the week at $3.26. The boost comes as the broader crypto market recovers and expectations rise regarding the new administration’s pro-crypto policies. XRP has benefited from this bullish momentum, coupled with several notable developments within Ripple’s ongoing legal battle with the SEC.

The possibility of an XRP exchange-traded fund (ETF) has garnered attention, especially after filings for ProShares Leveraged & Inverse XRP ETFs and ProShares XRP Futures ETF were submitted recently. This development has sparked renewed optimism in the XRP community, with many anticipating positive outcomes from the legal situation.

In addition, Ripple co-founder Chris Larsen’s recent transfer of $60.54 million XRP, along with significant whale movements (over 130 million tokens), have raised eyebrows. These developments are seen as potentially influencing the ongoing legal case with the SEC and could further impact the price of XRP in the coming weeks.

TRUMP Meme Coin’s Meteoric Rise Ahead of Inauguration

One of the most talked-about stories in the crypto space this week is the launch of the TRUMP meme coin, which has experienced a staggering 3000% surge within just 20 hours of its launch. The TRUMP coin, which operates on the Solana blockchain, has captured the attention of traders, quickly climbing the ranks to become one of the top meme coins by market capitalization, trailing behind the popular Pepe Coin.

The TRUMP coin’s rise is tied to the excitement surrounding Donald Trump’s inauguration, with many investors hoping that the coin will capitalize on Trump’s political brand. Whale activity has also increased, with large accumulations of the TRUMP meme coin being reported. This surge in whale interest adds fuel to the optimism surrounding the coin’s future performance.

The Impact of Trump’s Administration on the Crypto Landscape

With just a few days left until Donald Trump takes office, the cryptocurrency market is eagerly anticipating the potential policies and executive orders that may come with his administration. Trump has long been an advocate of cryptocurrencies, and market participants are hopeful that his presidency will usher in a more favorable regulatory environment for digital assets.

Recent legislative efforts in states like Oklahoma and Wyoming, which seek to integrate Bitcoin into state reserve funds, underscore the growing acceptance of cryptocurrency in the U.S. As the market continues to react to these developments, Bitcoin, XRP, and meme coins like TRUMP are poised to benefit from the favorable political climate.