Bitcoin and cryptocurrencies ushered in a new era with the inauguration of the first ever pro-crypto president. The main question is whether the move towards crypto-positive regulation and increased activity in the market is a permanent or a temporary response to a political tide change.
Made in USA crypto tokens have performed well this week, emerging as the most relevant statement in the sector.
Bitcoin and crypto markets break records in market activity
The election of Donald Trump as US President raised hopes from crypto traders and companies. The pro-crypto administration supported the narrative of a new age for cryptocurrencies with greater certainty and higher market activity.
According to CCData's latest exchange review report, one of the key measures of market participation hit a milestone in 2024. Total spot and derivatives trading volume climbed to $75 trillion against a 2021 record of $64 trillion.
The two main triggers were the speculation about the November 2024 election and the Bitcoin bull run, at the end of 2024. Both November and December were top months for crypto with $10.51 trillion and $11.31 trillion in monthly volumes.
Stablecoin market capitalization helps identify market activity, participation and onboarding of new users within the ecosystem. Stablecoins act as a fiat ramp on and off for new traders and beginners in crypto, thus representing market participation and adoption. Data from DeFi tracker DeFiLlama shows a huge spike in stablecoin market capitalization on President Trump's inauguration day.
Market cap exceeded $210 billion and saw a year-to-date increase of 3.3% as liquidity and trading volume across centralized and decentralized exchanges spiked. A large inflow of capital from traders supported the spike.
As of Thursday, January 23, the stablecoin market capitalization is $214.407 billion, as shown in the DeFiLlama chart below.
Crypto traders are optimistic about being made in US tokens
President Donald Trump's statement that he wanted all remaining Bitcoin to be “made in the USA” led to the rise of a new crypto statement, the made-in-USA tokens. CoinMarketCap and CoinGecko have launched a category of tokens under “made in USA”.
XRP (XRP), Solana (SOL), Cardano (ADA), Chainlink (LINK) and Avalanche (AVAX) are the top five altcoins on the list, and the sector's market capitalization exceeds $541 billion.
The CCData report says that the basket of crypto tokens in this sector has outperformed the rest of the market. The coins are up 360% since the election, as traders expect a positive regulatory environment and more favorable conditions for the signals made in the states.
The statement depends on the policy and actions of the CFTC and the SEC, and whether President Trump delivers a strategic Bitcoin reserve during his time in office. A four-year crypto market cycle may see a departure from historical trends.
Made in the USA vs. China about coins
In 2024, talk about Chinese coins moved on X and other social media platforms as traders flocked to buy cryptocurrencies made in China, such as Neo (NEO), VeChain (VET), Huobi (HTX), Filecoin (FIL), Qtum (QTUM), and Ontology (ONT), among others.
With the changing tides of politics and governance, the US-made statement has the potential to rival Chinese coins. President Trump appointed SEC Commissioner Hester Peirce to head a new “crypto task force” to bring clarity and support to the industry. The new task force is expected to support benefits for US-made brands.
Bitcoin traders will benefit from these 5 indicators
Solana, XRP, Sui (SUI), Apartments (Apt) and Injective (INJ) collection in the coming weeks, building on the statement made in the US. Solana was conceptualized in California and is popular for its fast transactions and scalability.
Issuing President Trump and First Lady Melania meme coins on the Solana blockchain has contributed to increased activity on the series.
Crypto company Ripple has been fined $125 million for violating securities laws in its institutional sales of XRP, both sides (SEC and Ripple) appealed the decision and the SEC has argued that institutional and secondary market sales of XRP should be treated in the same way.
While XRP traders await the outcome of the appeal process, XRP is holding steady above $3, after hitting a new all-time high in January 2025.
SUI and APT are US-backed Tier 1 tokens that enable higher scalability and faster transactions for traders while receiving the security of the Ethereum base chain.
INJ is a DeFi token focused on innovation and AI, the project is made in the USA and could benefit from the DeFAI statement.
Chain analysis of the top 5 made in the USA brands
Santiment data shows that the total open interest in USD in the top 5 made in the US showed signs of large spikes in January, closer to the establishment. Even as OI falls from the peak in assets, it is above the 2024 average, supporting a bullish thesis for the indicators.
Similarly, the volume in the top 5 made in the US indicators recorded a spike earlier in January, since then the volume remains above the average levels.
Solana continues its double-digit gains for the past seven days while other cryptocurrencies in the top 5 struggle, along with Bitcoin, on Thursday.
Ruslan Lienkha, head of markets at YouHodler told Crypto.news:
“We may see a faster pace of cryptocurrency ETF approvals. However, the most important development lies in the establishment of a comprehensive legal framework for the digital currency industry in the US This could lead to the full recognition of cryptocurrencies as a special asset class. Previously, attempts were made to classify cryptocurrencies under existing asset categories, such as securities or commodities, which did not fully capture their unique characteristics. “
Tim Ogilvie, global head of institute at Kraken, said:
“Bitcoin's bullish trend still has room, as indicated by the relative strength index (RSI), which is currently at 65. In general, an RSI above 70 is considered overbought.
Solana (SOL) hit an all-time high of $260 this week. However, technical analysis indicates that it is now in overbought territory, with an RSI around 75. While there may still be a strong trend, this could also be a warning to traders. -short term trading. They will be watching to see if SOL can close above $260 to confirm renewed momentum. “
In the Crypto Regulatory Affairs newsletter, experts at Elliptic said:
“On January 20, US President Donald Trump was sworn into office for his second term in office, a time the cryptoasset industry has been waiting for with high expectations. Prior to its inauguration, recent news reports had indicated that President Trump – who campaigned on a promise that the US would be a leader in cryptoasset innovation – planned to issue executive orders when they would take a position that declared crypto as a national strategic priority, to appoint. crypto czar and establishing a crypto council to effect policy changes, and rolling back a controversial accounting rule on crypto established by the Securities and Exchange Commission (SEC), known as the Staff Accounting Bulletin (SAB) 121.
However, in his first twenty-four hours in office, President Trump has not signed any crypto-related executive order.”
Crypto traders and experts maintain hope of positive activity within the first 100 days of Trump's return to office.
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.
