Santiment, a leading analytics firm, recently shared a report highlighting the most discussed cryptocurrencies in the market and the reasons behind their increased attention.
Unsurprisingly, Bitcoin (BTC) topped the list. The surge in conversation surrounding Bitcoin came after U.S. President Donald Trump signed an executive order aimed at establishing a digital asset reserve.
This executive move intends to loosen prior restrictions, sparking debates about the creation of a Bitcoin Strategic Reserve as part of a larger digital asset stockpile. However, it remains unclear whether the U.S. will focus solely on Bitcoin or include a mix of different cryptocurrencies in the reserve.
Onyxcoin (XCN) also garnered attention, landing in the second spot. The cryptocurrency has recently been compared to well-known assets like XRP and HBAR, with analysts offering varying opinions on its potential. While some have expressed bullish sentiments, Santiment warns about the risks of excessive optimism surrounding this token.
Rounding out the list is THORChain (RUNE), which has seen a significant drop in its value due to rumors of potential bankruptcy. These developments have fueled heated discussions about the future of the altcoin.
Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?
While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.
A surprise rally in Pi Coin has stunned crypto observers, with the token rocketing upward as speculation swirls around an imminent update from its development team.
A wave of optimism swept through global markets as the United States and China took decisive steps to de-escalate their long-running trade dispute.