I don’t know if you’re into trends, but this Monday was Blue Monday—you know, the “saddest day of the year.” Well, Bitcoin didn’t seem to care, as it hit another all-time high on Monday, inching closer to $110,000.
The main reason, as you might guess, was Trump’s inauguration as President of the United States.
Trump’s presidency has sparked widespread optimism. We’ve seen over $800 million flowing into Bitcoin ETFs, and analysts like Standard Chartered predict Bitcoin could reach $200,000.
Of course, $200,000 seems small compared to… $700,000, right? 🤔
In a complete 180, Larry Fink, CEO of BlackRock and once one of Bitcoin’s biggest skeptics, now believes its value could hit $700,000 in the future, driven by institutional adoption and its role as a hedge against economic instability 🛡️.
This optimism reflects a growing trend among major analysts and institutional investors, who see Bitcoin as a superior store of value to gold.
Ethereum isn’t lagging behind
Ethereum has also benefited from the general wave of optimism.
🔝 Ethereum ETFs have seen some of their highest inflows ever, with $23.90 million daily.
With favorable policies supported by the Trump administration, Ethereum is expected to grow due to greater integration into the international financial system. Some experts believe it could surpass $8,000 by 2025.
🆕 Additionally, the upcoming Plectra update will bring improvements to network security and efficiency, making it a perfect platform for implementation in traditional banking and finance.
Trending Coin of the Week: RAY
RAY, the native token of Raydium, has been one of the top trending coins this week, growing by 44% 📈 and hitting its best numbers since December 2021.
RAY has benefited from the trading volume generated on Solana by the launch of TRUMP, as it is the native token of Raydium, the leading DEX on Solana.
Additionally, $RAY has gained new utility thanks to the integration of new DeFi projects on Solana through Raydium. These projects have attracted new users by implementing improvements like reduced fees and increased transaction speeds.
All of this has led to a significant increase in the use of $RAY.
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