Bitcoin and other cryptocurrencies have faced volatility as market excitement surrounding Donald Trump’s presidency begins to take hold. While his inauguration saw the price of bitcoin hit a record high of $109,071, prices cooled after there was no direct mention of cryptocurrency policies in Trump’s first executive orders or speeches.
Experts believe the crypto market could see long-term growth fueled by the Trump administration, especially with regulatory developments and the rise of tokens like XRP and Yeti Ouro (Yetio).
Bitcoin Price: BTC Slips as Market Adjusts Expectations
Bitcoin price fell to $102,546.13 on Tuesday morning, which is down 5% in the last 24 hours. The drop came after a period of increased activity that saw the price surge past the $100,000 mark for the first time in December in the run-up to Trump’s inauguration.
Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, said,
“The market was disappointed by the lack of cryptocurrency-related announcements during Trump’s inaugural speech or early executive orders.”
Experts have predicted that more fluctuations may occur if there are no new policies regarding digital currencies soon.
Although there has been short-term volatility, the price of bitcoin has increased by approximately 9.5% this month, driven by expectations of a positive change in the regulatory environment, particularly under the Trump administration.
XRP Price Gains Momentum Despite Market Turbulence
XRP price has shown resilience amid broader market sell-offs. The
Analysts attribute the rally to renewed investor confidence and technical strength. XRP is still trading above its key support levels such as the 50-day and 100-day exponential moving averages. Market analysts believe that if XRP price is able to surpass the $3.35 barrier, it could eventually test the $3.50 mark and even push higher to $9.70.
Source: x
Kenneth Lamont, director of Morningstar, advised caution for retail investors but noted XRP’s continued growth potential, saying: “XRP’s ability to recover from corrections has been a key factor in its appeal to long term.”
Yeti Ouro emerges as a rising star in the coin sector
Yeti Ouro (Yetio) is the newly launched staking gaming cryptocurrency that is making waves in the blockchain gaming industry. The token, with its presale price at $0.017, has so far sold over 128 million tokens. Built on the Ethereum blockchain, designed to merge the excitement of cryptocurrency with the adrenaline of gaming.
Yeti Ouro is growing through its out-of-the-box gaming game called Yeti Go which is developed using an Unreal 5 engine. The multiplayer racing game integrates gameplay with the use of blockchain where players have the chance to win Yetio tokens during the race. The game has been designed in such a way that it is both interesting and challenging for the user as it offers the options of vehicle upgrades and hidden cards. Yetio combines meme culture with real-world utility in an exciting new ecosystem centered around the upcoming Play-to-Garn (P2E) game, Yeti Go.
They have partnered with a prestigious gaming asset creation company whose portfolio includes iconic titles like Call of Duty, Spiderman, The Witcher and Dead Space (to name a few)!
The development team recently released a video highlighting the initial look at the Tier 1 map. This vast area features the same thrilling death gameplay, allowing players to maneuver across a large territory. There is still much to discover, including garages for vehicle upgrades and hidden tunnels, located in rugged and challenging landscapes.
Market experts have estimated that Yeti Ouro has the potential for rapid upside, with the estimated yield indicating a 5,000% increase in value due to the unique gaming component and its growing audience.
Regulatory developments could drive future growth
The Trump administration has already made personnel changes in the SEC, where Mark Uyeda has been named acting chairman, and Paul Atkins is likely to be named permanent chairman. Both are considered crypto proponents and are expected to have a more moderate approach to crypto.
These changes are expected to reduce scrutiny of crypto companies and end measures used in the previous administration. However, these reforms will be implemented gradually over the course of several months, not all at once.
Although bitcoin remains stable and tokens like XRP and Yeti Ouro are on the rise, more announcements that could give way to sustained crypto growth under Trump are still expected.
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