🟢😊 CryptMarket Analysis — 25-10-09
The crypto market woke up today to seismic headlines as President Donald Trump issued a full pardon to Binance founder Changpeng Zhao, who had served time for money laundering offenses. The move, confirmed by multiple leading publications, signals an unprecedented regulatory thaw, with the White House declaring, “The war on crypto is over.” In immediate response, US crypto transactions surged to new heights, topping $1 trillion for the year. Bitcoin, however, stumbled and fell below $107,000 as the initial euphoria collided with market recalibration, while gold steadied in contrast to crypto’s volatility. Ripple’s XRP saw notable turbulence as whales dumped over $2.6 billion, underscoring continued uncertainty for major altcoins.
Looking ahead, the market is recalibrating—optimism runs high for US digital assets amid this dramatic regulatory reversal, yet risks remain as the sector adjusts to a new equilibrium. Zhao’s pardon is galvanizing crypto bulls, drawing analogies to the end of Prohibition, yet nervous profit-taking and whale movements suggest investors are wary of a sharp retracement. With Wall Street and Washington now seemingly aligned, traders should watch for increased institutional interest and regulatory clarity—but remain cautious of sudden outsized swings typical after historic policy shifts.
- Trump’s pardon marks a major inflection point in US crypto regulation.
- Transaction volumes and optimism are surging, but large players are repositioning.
- Short-term risks include post-hype corrections and volatility in key altcoins.