The global crypto market cap decreased by 2% to 2.8 trillion USD as sentiment fluctuates. Bitcoin’s price surged to 85,100 USD driven by Michael Saylor’s plans to buy more, despite reporting significant unrealized losses in 2023.
Altcoin performance was mixed; however, Solana (SOL) and Ethereum (ETH) traders remained optimistic after favorable regulatory news from Trump. Conversely, the Mantra token suffered significant losses due to insider trading allegations.
Trump’s repeal of a Biden-era DeFi regulation has heightened bullish sentiment in the DeFi market, particularly for ETH and SOL, as new capital rotations into DeFi protocols reflect investor confidence amid market volatility.
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