The Trump Effect: Bitcoin, Solana, XRP Soar on Renewed Investor Optimism

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The crypto market sees a massive surge this week, with Bitcoin reaching $67K.
Solana jumped 22% this week to trade at $170, while XRP has seen over 30% to hit $0.6366.
Trump’s odds of becoming the next president have risen to 64%, up from 54% on June 4.

Cryptocurrencies have rallied this week, with Bitcoin hitting a 30-day high amid renewed optimism over a potential Donald Trump presidency. The surge extends beyond Bitcoin, with several altcoins posting double-digit gains.

Bitcoin climbed to a high of $67,442 earlier in the day; the threshold that marked Bitcoin’s highest price point in the last 30 days. Bitcoin was not the only gainer, however. A range of altcoins have also rallied, even outpacing Bitcoin. Solana’s native token, SOL, has jumped 22% this week to trade at $170, while XRP has seen an over 30% increase, reaching a three-month high of $0.6366.

The catalyst behind this market revival has been attributed to the improving electoral chances of pro-crypto candidate Donald Trump. According to prediction markets, Trump’s odds of becoming the next president have risen to 64% on Polymarket, up from 54% on June 4.

In contrast, incumbent President J…

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