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The global crypto market cap is $1.56 trillion with a 24-hour volume of $69.95 billion. The price of Bitcoin is $39,731.38 and BTC market dominance is 49.9%. The price of Ethereum is $2,326.38 and ETH market dominance is 17.8%. The best performing cryptoasset sector is Jobs, which gained 8%.
The Florida Governor and the former president share similar opposition views on CBDCs.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The trading volume of former U.S. President Donald Trump’s NFT collection surged by 250% following the suspension of Florida Governor Ron DeSantis’ presidential campaign in favor of supporting Trump’s re-election bid.
Data from CryptoSlam reveals a remarkable 248% increase in the trading volume of Trump’s Series 1 collection over the last 24 hours, reaching nearly $90,000. In contrast, trading activities for his Series 2 collection and MugShot edition experienced significant declines during the same period, settling at $1406 and $414, respectively.
CoinGecko data indicates that the floor price for all these collections experienced an average 4% decrease during the reporting period.
In a Jan. 21 video shared on X (formerly Twitter), DeSantis, a vocal advocate for the crypto industry, announced that he was suspending his bid for office in support of Trump’s candidacy.
“It’s clear to me that a majority of Republican primary voters want to give Donald Trump another chance,” DeSantis conceded.
Throughout his campaign, DeSantis strongly supported Bitcoin rights and expressed concerns about U.S. regulatory clampdown on the cryptocurrency.
The Florida Governor also strongly opposes the Central Bank Digital Currency (CBDC) idea. He promised to “nix” the development of such currencies and spearheaded Florida’s ban on the national digital currency.
DeSantis’s view on CBDC mirrors that of Trump, who recently pledged to oppose the introduction of such currencies.
Ryan Selkis, the CEO of crypto intelligence platform Messari, emphasized the importance of rallying support for Trump and surrounding him with individuals like DeSantis to enable the crypto industry’s future success in the U.S.
“It’s time to make 45 -> 47 and surround Trump with people like Ron DeSantis and Vivek Ramaswamy, rather than bought and paid for neocons like Nikki Haley. That + a GOP Senate are what we need for crypto to have a bright future in the U.S,” Selkis remarked.
Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
We explore the first 5 days of Bitcoin ETF trading, analyzing their inflows and implications on the broader market.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
Vivek Ganapathy Ramaswamy, born August 9, 1985, in Cincinnati, Ohio, comes from a family of Indian Hindu immigrants.
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