Today, the crypto market is seeing significant growth following the executive order by Donald Trump to create a Sovereign Wealth Fund. This aims to secure long-term economic stability, boosting optimism among investors and traders.
The Fund's Significance
The recently signed executive order by Donald Trump initiates the creation of a Sovereign Wealth Fund, aiming to provide long-term economic stability for the US. This has led to a 5.97% increase in market cap over the last 24 hours, reaching $3.21 trillion.
Bitcoin's Growth
Bitcoin is leading the market with a 5.89% increase in price, reaching $99,222.15. Its market cap now stands at $1.96 trillion, solidifying its dominance at 60.84%. Despite a 17.57% dip in trading volume, investors remain confident as Bitcoin approaches the $100K mark.
Altcoins Gain Momentum
Ethereum has jumped 9.08% to $2,708.49. Meanwhile, Solana and XRP have gained 5.17% and 13.24%, respectively. This indicates renewed investor confidence in the broader market.
The crypto market is showing positive changes, making it attractive to investors. Such initiatives are expected to support long-term growth.
