U.S. Elections & Crypto

XRP price is down 2% on the day and nearly 9% in the past seven day, extending its losing streak. Catalysts influencing the second-largest altcoin’s price trend are the legal uncertainties in the SEC’s lawsuit against Ripple and the $50 million settlement amount. Bitcoin’s consolidation has potentially led to indecisiveness among traders this week. 

Bitcoin slips under key support at $108,000, gathering liquidity under the $107,000 level on Thursday. The largest cryptocurrency’s holders are not impressed by the promises from regulators, bullish commentary from the U.S. Vice President JD Vance and Senator Cynthia Lummis. BTC could sweep liquidity under the $100,000 milestone this week, or over the weekend, analysts warn traders. 

Bitcoin is back above $103,000 and the largest crypto is eyeing a re-test of all-time highs above $109,588. At a time when nearly all tokens in the top 100 cryptocurrencies ranked by market cap are in the green, the market is abuzz with the debate of whether to stay or sell and go away in May?

Vitalik Buterin, co-founder of the largest altcoin, Ethereum, proposed a plan to revamp the ETH blockchain. After months of criticism and allegations faced by the Ethereum Foundation, Buterin addressed major concerns regarding the “complexity” of adding new developers to the blockchain platform. 

Meme coins have been thrust in the spotlight once again as the controversial MELANIA token makes headlines once again. A Fortune report shows a group of traders that bought millions of dollars worth of MELANIA gained nearly $100 million in profits by selling the meme coin at its peak. 

Bitcoin is back above $97,000 and traders turned optimistic this week, paving the way for capital rotation to GameFi, DeFi and Layer 2 tokens. ImmutableX’s IMX token stands out among the rest with double-digit gains on Friday. The native utility token of the gaming platform rallied 10% before erasing gains at the end of the week, and printed over 5% weekly gains. 

The crypto market sentiment improved this week with several large cryptocurrencies recording double-digit gains. Bitcoin’s rally past the $95,000 resistance is the highlight with altcoins like Official Trump and Sui outperforming most others. 

Crypto market consolidates after a rally earlier this week, Bitcoin’s return above the $94,000 supported the sentiment of traders. While most altcoins suffered a pullback in the market-wide correction, three tokens could yield gains for holders in the coming weeks- Dogecoin, Solana and ONDO. 

XRP has hit one key milestone after another in 2025, while Bitcoin disappointed users awaiting a massive rally in 2025. With the SEC vs. Ripple legal battle drawing to an end and Ripple’s victory, partnerships and future plans, XRP hit a peak of $3.40 in January, rewarding long-term holders.

XRP rallied 2% in the past week, and nearly 1% on the day, bucking the typical trend of correction in the crypto market. The second-largest altcoin by market capitalization ranks among top 10 gainers, according to Grayscale data.