Trump Effect 2.0: Detonating Bitcoin and Opening a New Round of Bull Market for the Entire Cryptocurrency Industry

At the end of 2024, the crypto market experienced an unprecedented rapid bull market. Bitcoin prices soared to more than $100,000 after Trump won the US election, thus opening the road to $100,000 for Bitcoin. This wave of market conditions not only promoted the rise of Bitcoin, but also led to the prosperity of the entire crypto market.

After Trump's victory in the 2024 US presidential election, the crypto market experienced an unprecedented rapid bull market. Bitcoin prices soared to more than $100,000, thus opening the road to $100,000 for Bitcoin. This wave of market conditions not only promoted the rise of Bitcoin, but also led to the prosperity of the entire crypto market.

Data shows that the total market value of the global crypto market increased by about $1.8 trillion in 2024, of which $1 trillion occurred after the election. However, this wave of market frenzy became even crazier because of Trump's official inauguration in January 2025.

Trump's team made a series of fierce operations, personally launched its MEME coin TRUMP, etc. In just two days, the market value of TRUMP exceeded $160 billion. The celebrity effect in the currency circle, from Musk to Trump, is much more sensitive to information than other industries. NX.one Research Institute will deeply analyze the Trump effect and what investment points can be grasped in the Trump 2.0 era.

Looking back at how Trump's victory in the US election ignited Bitcoin

Let’s first review the first Trump effect. After Trump won the US election, Bitcoin’s market trend has broken through three times:

The first paragraph is that since Trump won the US election on November 5, the price of Bitcoin has started to rise rapidly. On November 10, the price of Bitcoin broke through the $80,000 mark, and just three days later, on November 13, it broke through $90,000. The market performance is extremely strong.

The second paragraph is about the news on November 20 that the Trump team was considering creating a new position in the White House specifically responsible for cryptocurrency policy. This would be the first time in the history of the White House that such a position has been established, reflecting that the influence of the cryptocurrency industry on the new government is significantly increasing. The day after the news came out, the price of Bitcoin climbed further, breaking through $98,000 in one fell swoop.

The third paragraph is that on December 5, Trump formally nominated Atkins, an official who is friendly to cryptocurrencies, as the new chairman of the U.S. Securities and Exchange Commission. According to people familiar with the matter, Atkins will focus on reducing regulatory restrictions on cryptocurrencies and easing penalties for related violations after taking office. After the news of this personnel appointment came out, the price of Bitcoin soared again and successfully broke through the $100,000 mark.

NX.one Research Institute believes that Trump's victory not only detonated Bitcoin, but also opened a new round of bull market for the entire cryptocurrency. The total market value of the entire crypto market increased by 39.9% that month, from $2.48 trillion at the beginning of the month to $3.47 trillion. Ethereum also performed well, rising 47.8% that month, from $2,511 to $3,711. In addition, the altcoin market also ushered in a recovery, with XRP leading the market with a 362.3% increase, and MEME coins such as DOGE and SHIB also rose by 160.4% and 70.7% respectively.

While everything in the market was optimistic and moving forward, the Federal Reserve cut interest rates to 4.5%-4.75% on November 7, further driving the rise of risky assets. At the same time, the resignation of SEC Chairman Gary Gensler triggered the market's optimistic expectations for an improved regulatory environment. But there is no doubt that the core driving force of this bull market is the Trump effect.

Trump officially takes office, and his family is fully involved in the crypto industry

In January 2025, before Trump officially took office, he and his family members entered the encryption industry in a high-profile manner, triggering violent fluctuations in the market. First, Trump and his wife Melania Trump successively issued their personal MEME coins.

Trump issues TRUMP token:

On January 18, Trump announced the launch of his personal MEME token TRUMP (OFFICIAL TRUMP) on social media, which is the first cryptocurrency issued by a US president in history. The TRUMP token was issued at $0.1824, and within 12 hours of its launch, it rose by more than 15,000%, reaching $82 at one point, with a market value of over $82 billion.

The token is issued based on the Solana blockchain, and this decision is very critical. NX.one Research Institute predicted in 2024 that a battle between the