Bybit x Santiment: ETH Faces Pressures as SOL, XRP, Meme Shine
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Key Highlights:
Bitcoin Surge: Following Donald Trump's inauguration on Jan 20, 2025, Bitcoin reached a new all-time high of $109,300, driven by pro-crypto sentiment.
World Liberty Financial's Accumulation: The firm, linked to Trump, significantly increased its Ethereum holdings just before the inauguration.
Market Volatility: A "buy the rumor, sell the news" phenomenon was observed, with prices declining post-inauguration.
Meme Coin Interest: Solana's rise was fueled by the launch of a TRUMP meme coin, indicating the impact of meme coins on market dynamics.
Regulatory Developments: The filing of ETFs for various cryptocurrencies, including meme coins, signals a shift toward mainstream acceptance in a pro-crypto regulatory environment.