The cryptocurrency market shows strong signs of a recovery at its current state. Bitcoin (BTC) value has returned to $93,000 for the second time this year. Early March marked the last outbreak of the asset reaching its current price level. Global Crypto’s market capitalization reached $3.04 trillion through 4.8% growth over the past 24 hours. Global market capitalization fell to around $2.5 trillion during the previous month.
Cryptocurrency rises sharply after Trump Media’s announcement
Crypto prices showed new growth after Trump Media closed its ETF deal with Crypto.com. The initiative is aimed at ETFs based on cryptocurrency assets that highlight American origins. Under the proposed move, prices for American cryptocurrency projects are expected to rise.
Paul Atkins, director of Pro-Bitcoin Sec, assumes his position as the latest positive signal in cryptocurrency growth. Expectations show that Paul Atkins will introduce mild regulations within the framework of the cryptocurrency industry.
Three cryptocurrencies that could surge due to American origins
1. Ripple (XRP):
XRP by Ripple ranks as one of the most popular cryptocurrency tokens developed in the United States. Ripple is likely to receive ETFs this year. Ripple CEO Brad Garlinghouse has been dining with President Trump for several months.
2. Solana (Sol):
Sol has accumulated amazing achievements throughout three incredible years. During the recent market crash, cryptocurrencies have experienced significant price cuts. Sol has shown strong resistance throughout his years of existence. The value of cryptocurrency fell into the $10 range during the 2022 FTX bankruptcy crisis. SOL prices indicate the possibility of moving beyond previous peaks under Trump’s “Make-in-America” initiative.
3. Cardano (there):
Focusing on American-made projects through “Make in America” would benefit the American cryptocurrency project ADA. This initiative remains highly active during the development stage. The ADA shows that if upward momentum continues to build, it could surpass the $2 price level.
