Market is Stable With Some Positive News

Currently, everyone is looking for cryptocurrencies as a safe haven away from banks that print millions of papers without any seriousness, as day after day we see that paper currencies are decreasing in value due to inflation and manipulation by some banks in terms of interest rates and many other things that have made millions of users turn to the digital world and we are still waiting for billions of them soon after a lot of positive news that the market is witnessing at the present time.

Looking at the market, we find that it is stable in the 105,000 area, as we have not witnessed a significant drop or rise, as Bitcoin is moving around this level. Accordingly, we also see other cryptocurrencies waiting for Bitcoin to move, with an increase or decrease of approximately 1%. If we look at Ethereum, for example, we find that its price is now $330, while the Ripple price reached $3.12. As for Solana, which is achieving tremendous momentum at this time, its price reaches $258.

On a weekly basis, we find that meme coins, whether Trump, Shiba, or even Doge, have lost more than 10% after the hype that struck them after Trump took office. As for the rest of the cryptocurrencies, as I mentioned, there is no noticeable change in their prices.

Positive news in the market is limited to several news, including Trump's decision to regulate digital currencies, and accordingly many rumors have emerged that he will make a reserve of Bitcoin for the United States. This is the most prominent news in the arena now, which has caught the attention of many. As for the other news, which is the intention of El Salvador and MicroStrategy to increase their share of cryptocurrencies.

The activity of some currencies also affected the momentum of the market, the most prominent of which was the Solana currency, which witnessed remarkable activity in the recent period. This is due to the launch of the Trump currency on the network. This has made it clear to many that the Solana network enjoys great speed and ease in creating currencies, and the cost is not as high as other networks. I read on the X network according to Artemis Terminal data that the total supply of stable digital currencies on the Solana network has doubled to $10.5 billion.

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