Bitcoin prices have more than doubled over the last year, pushing the combined market to almost $4 trillion, as bullish traders bet on President-elect Donald Trump following through with his plans for a US bitcoin reserve.
A leaked report suggests that the incoming Trump administration could create an “America-first strategic reserve” prioritizing US-created cryptocurrencies like XRP and solana. Solana, a competitor to ethereum, and XRP, developed by Ripple to facilitate cross-border payments, are expected to benefit from this move.
Ripple’s XRP has seen a significant rise since Trump won the election, increasing around 500% due to optimism about regulatory changes that could ease constraints on the cryptocurrency. Experts predict XRP will surpass its all-time high and reach $10 in 2025.
Meanwhile, ethereum rival solana has shot higher as traders speculate about an imminent approval for a solana ETF. However, analysts caution that the decision is not guaranteed and that investors should be prepared for heightened volatility.
Source: https://www.forbes.com/sites/digital-assets/2025/01/16/shock-trump-leak-sparks-huge-crypto-price-rally-boosting-bitcoin-xrp-and-solana