Bull Season Gains Strength

Source

Many cryptocurrencies, especially BTC, ETH, and XRP, continue to rise. The crypto-friendly government established in the USA under the presidency of Donald Trump is said to be preparing to pave the way for some altcoin ETFs. These rumors further fueled the dramatic rise of altcoins such as ETH, XRP, DOGE, SOL, and ADA.

"The hope is that the new administration moves quickly to designate which crypto assets are securities and which aren’t," and "Once that framework is in place, the approval path for additional spot crypto ETFs should become much clearer.” ETF Store President Nate Geraci told The Block.

If some altcoin ETFs open the way, a much bigger bull run could begin. We'll wait and see.

This is not investment advice, please do your own research before investing.