The election of Donald Trump is seen as a catalyst for a new era in digital assets, enhancing investor confidence and establishing cryptocurrencies as a mainstream asset class. Market participation surged, with aggregated spot and derivatives volumes reaching a record $75 trillion in 2024, significantly higher than the previous peak. Notably, stablecoins achieved a market cap of $210.1 billion, reflecting a 3.3% year-to-date increase. Assets linked to the U.S. have performed exceptionally well, with coins like XRP and SOL seeing returns over 360%. This uptick contrasts sharply with the previous administration's regulatory restrictions. Future growth will depend on the Trump administration's regulatory approach towards digital assets and initiatives like the Strategic Bitcoin Reserve. The overall market may also benefit from the historical bitcoin cycle, which typically experiences growth in its final year, prompting speculation about whether this political shift will alter the established market dynamics.

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