Today Marks a Historic Day for Cryptocurrencies as Interest Soars – BitRss

This weekend, trading volumes surged to nearly $400 billion, reigniting interest in cryptocurrencies. While prices have been rising rapidly around BTC ($106,046.86) and some altcoins, reaching such significant trading volumes across the crypto market bodes well for all cryptocurrencies. The implications of this trend will unfold over time, leading many to question why today is historically significant.

Trump’s Inauguration and Market Movements

Since November, today has been crucial for cryptocurrency traders. Trading volumes nearing $400 billion and soaring search volumes for cryptocurrencies echo the excitement of 2021. The influx of new investors signals the start of one of the most thrilling phases of the market cycle.

As Trump officially takes office today, we anticipate numerous executive orders, some of which will directly impact cryptocurrencies. His supportive measures could further boost the appetite of U.S.-based investors for digital assets.

Trump’s Meme Coins Surge

Trump has officially launched his own meme coin, further fueled by his wife’s similar venture, resulting in a significant increase in trading volumes. We are witnessing a transformation where a Presid…