US Crypto Market Sees Record Activity with Pro-Crypto President

The inauguration of the first-ever pro-crypto president has sparked a new era for cryptocurrencies in the US. As market activity reaches an all-time high, investors are left wondering if this shift towards crypto-positive regulation is sustainable or just a temporary reaction to changing political tides.

Record-Breaking Market Activity

A recent report by CCData reveals that aggregated spot and derivatives trade volume has reached $75 trillion, surpassing the 2021 record of $64 trillion. This surge in market activity can be attributed to the speculation surrounding the November 2024 election and the Bitcoin bull run at the end of 2024. November and December were record-breaking months for crypto, with $10.51 trillion and $11.31 trillion in monthly volumes, respectively.

Stablecoin market capitalization is also on the rise, with a current market cap of $214.407 billion, according to DeFiLlama. This spike in stablecoin market capitalization indicates increased market activity, participation, and onboarding of new users within the ecosystem.

Made in USA Tokens Gain Momentum

President Trump’s statement about wanting all remaining Bitcoin to be “made in the USA” has led to the rise of a new crypto narrative: the made-in-USA tokens. CoinMarketCap and CoinGecko have launched a category of tokens under “made in USA,” featuring top altcoins such as XRP, Solana, Cardano, Chainlink, and Avalanche.

These tokens have outperformed the rest of the market, with a 360% increase since the election. Traders are optimistic about the potential for a positive regulatory environment and more favorable conditions for US-made tokens.

US vs. China Coins Narrative

In 2024, the China coins narrative trended on social media, with traders flocking to buy cryptocurrencies made in China. However, with the shifting tides in politics and regulation, the made-in-USA narrative is gaining traction. President Trump’s appointment of SEC Commissioner Hester Peirce as head of a new “crypto task force” is expected to support gains for US-made tokens.

5 Tokens to Watch

Solana, XRP, Sui, Aptos, and Injective are five tokens that could rally in the coming weeks, building on the made-in-USA narrative. These tokens offer fast transactions, scalability, and innovation, making them attractive to traders.

Solana, in particular, has seen rising activity on its blockchain, with the issuance of President Trump and First Lady Melania’s meme coins. XRP traders are awaiting an outcome in the appeals process, but the token remains steady above $3.

On-Chain Analysis

Santiment data shows that the total open interest in USD in the top 5 made-in-USA tokens has spiked in January, closer to the inauguration. While open interest has dropped from its highest level, it remains above the 2024 average, supporting a bullish thesis for the tokens.

Expert Comments

Ruslan Lienkha, chief of markets at YouHodler, notes that the establishment of a comprehensive legal framework for the cryptocurrency industry in the US could lead to the full recognition of cryptocurrencies as a distinct asset class.

Tim Ogilvie, global head of institutional at Kraken, suggests that Bitcoin’s bullish momentum still has room to grow, while Solana’s technical analysis indicates caution for short-term traders.

Experts at Elliptic expect President Trump to take positive action within the first 100 days of his return to office, which could further boost the crypto market.

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Disclaimer: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Key takeaways:

* The US crypto market has seen record-breaking activity with the inauguration of a pro-crypto president.
* Made-in-USA tokens are gaining momentum, with a 360% increase since the election.
* The narrative depends on policy and actions of the CFTC and the SEC.
* 5 tokens to watch: Solana, XRP, Sui, Aptos, and Injective.
* Experts expect positive action from President Trump within the first 100 days of his return to office.

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