As January 20th approaches, marking Donald Trump's inauguration, the crypto market is experiencing a lull. Many of the top 10 cryptocurrencies have fallen into the red, including Bitcoin, which has dipped below the $92k mark.
Crypto Market Situation Ahead of Inauguration
Top coins are showing a decline, with Bitcoin losing more than 3%. Investors are anticipating changes amidst the shift in the US political landscape.
New President and Impact on Crypto Industry
Crypto experts are vying for positions in Trump's new crypto advisory group, which could include up to 22 company leaders. David Sacks is expected to play a leading role as the chief technology officer and crypto czar at the White House.
Altcoins with Growth Potential
On January 17th, the crypto community will gather in Washington, D.C., for the inaugural Crypto Ball to discuss prospects amidst upcoming changes. Experts believe now is a prime opportunity to invest in altcoins. XRP has emerged as a strong player, showing promising potential for future growth.
With the upcoming political changes and related economic expectations, altcoins may see significant growth, offering opportunities for investors.
