Crypto Markets Remain Stable After Trump

 Crypto Markets Remain Stable After Trump’s Initial Policy Announcement

                               


Crypto Markets Edge Higher Amid Trump's New Crypto Initiative

Cryptocurrency markets saw slight gains on Friday, though they remained below recent peaks, as President Donald Trump announced the formation of a new crypto regulation working group and plans to explore the creation of a U.S. cryptocurrency reserve.



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Regulation Working Group: President Trump directed government agencies and industry leaders to collaborate on drafting comprehensive crypto regulations aimed at fostering innovation while ensuring security and compliance.


U.S. Cryptocurrency Reserve: The administration is also examining the feasibility of establishing a national cryptocurrency reserve to support blockchain technology and bolster the financial system.


Market Movement

Bitcoin (BTC)rose slightly by 1.4%, trading just below $35,000.

Ethereum(ETH) saw a modest increase of 1.1%, while altcoins like Cardano (ADA) and Polygon (MATIC) showed minor gains.

Total Market Cap:The global cryptocurrency market cap inched up to approximately $1.6 trillion, signaling cautious optimism among investors.




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Industry Reactions


Positive Sentiment: Many in the crypto community view the working group as a step toward regulatory clarity, which could attract institutional investors and legitimize the industry further.


Skepticism: Some raised concerns about the potential centralization of crypto assets through a U.S.-controlled cryptocurrency reserv

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