The cryptocurrency market has made a massive comeback over the last few days. Bitcoin (BTC) has reclaimed the $93,000 mark once again. BTC last traded at this level in early March. The global crypto market cap has risen 4.7% in the last 24 hours to $3.03 trillion.
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Cryptocurrencies Making A Full Recovery?
BTC has recovered its losses from President Trump’s tariff spree. The market seems to be recovering its previous momentum.
The latest market rally could be due to Trump Media finalizing its ETF deal with Crypto.com. The initiative will focus on “Made In America” projects. American cryptocurrencies like XRP, Dogecoin (DOGE), Solana (SOL), etc., may benefit from the development.
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Another bullish development for the cryptocurrency market is the swearing in of pro-Bitcoin SEC chair, Paul Atkins. Many are confident Atkins will take a more lenient stance on the budding industry.
Top 3 Cryptocurrencies For The Long Term
1. Bitcoin (BTC):
BTC is the original cryptocurrency. The asset is among the best-performing cryptocurrencies of the last decade and a half. BTC has outperformed the likes of gold and tech stocks. There is a high chance that the asset will continue its upward momentum over the coming years.
2. Ripple (XRP):
Ripple’s XRP token may greatly benefit from President Trump’s “made in America” approach. The fintech company’s lawsuit with the SEC has also ended. The cryptocurrency could see a massive surge over the coming years.
3. Dogecoin (DOGE):
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DOGE is another cryptocurrency that could benefit from President Trump’s “made in America” approach. The asset has also garnered support from tech billionaire Elon Musk, who is one of the closest aides to President Trump.