Bitcoin, President Trump, Litecoin ETF, and XRP Top the Crypto Market Discussions

Having reclaimed the psychological price of $100,000, Bitcoin has got the crypto community talking about its inclination toward smashing its

Bitcoin price has finally breached the key psychological price of $100,000. Now, as the crypto community anticipates the next move, several interesting topics are dominating the crypto discussions.

Bitcoin price enjoyed an 8.4% gain in the past week to hit $105,130 at press time, according to CoinGecko data. The BTC price is now less than $5,000 away from smashing its present all-time high (ATH) of $109,114.

As Bitcoin price makes this final approach toward its record peak, several key factors are being highlighted by crypto traders and analysts.

Trump presidency and crypto priority

One of the top crypto discussions is centered around Donald Trump, who recently revealed plans to make cryptocurrency a national priority.

President Trump is known for his pro-crypto stance, and his ascendancy to the U.S. presidency is expected to bring about favorable crypto policies from the Securities and Exchange Commission (SEC).

Furthermore, part of Trump’s reelection campaign promises was to pardon Silk Road founder and Bitcoin legend Ross Ulbricht, who was recently freed from prison.

Crypto traders are now anticipating Trump’s next move in the crypto space, especially after his inauguration, which took place on January 20.

Bitcoin price is bullish, but what’s making Litecoin ETF and XRP the talk of the crypto town?

Two other assets that are grabbing the attention of traders are Litecoin (LTC) and XRP (XRP).

LIT coin price is currently seeing a 14% increase in the past week to hit $120.60, according to CoinGecko data.

This price action comes as traders are eagerly awaiting the potential approval of a Litecoin exchange-traded fund (ETF). If approved, analysts are optimistic that this will ignite the Litecoin fire further as a price increase will be imminent.

Meanwhile, XRP price continues to traverse the $3.20 zone as it edges closer to its seven-year-high price of $3.40, recorded in 2018.

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.”

As Bitcoin price painting a bullish picture, traders are also keeping a close eye on the latest developments around Litecoin ETF and XRP’s bullish momentum.