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Crypto Today: Trump and Paul Atkins News Propel BTC, SOL, and SUI to 50-Day Highs
The crypto market is buzzing today as Bitcoin (BTC), Solana (SOL), and SUI have all surged to their 50-day highs, thanks to recent political and regulatory developments involving Donald Trump and Paul Atkins.
Trump’s Crypto-Friendly Comments Spark Momentum
Former U.S. President Donald Trump recently hinted at a more open-minded stance toward cryptocurrency, particularly Bitcoin. At a campaign rally, Trump emphasized the need for “financial innovation” and expressed concerns about excessive government control over decentralized assets.
This statement has been interpreted by market participants as a bullish sign for crypto, especially ahead of the upcoming U.S. elections. Investors are now pricing in the possibility of a more crypto-friendly administration in the future.
Paul Atkins Joins Regulatory Discussion
Adding fuel to the fire, former SEC commissioner Paul Atkins—known for his more lenient and market-friendly views—has been reported to be advising key policymakers on digital asset regulations.
Atkins has consistently advocated for clear and innovation-supportive crypto regulation, which stands in stark contrast to the current regulatory uncertainty surrounding crypto assets in the U.S.
Market Reaction: BTC, SOL, SUI Pump
Following these developments:
Bitcoin (BTC) touched $68,200, the highest in the last 50 days.
Solana (SOL) jumped past $160, fueled by both news and strong DeFi activity.
SUI, one of the newer Layer 1 chains, surged over 15% within 24 hours, hitting a 50-day high as well.
These gains have renewed optimism among retail and institutional investors alike, who have been waiting for a fresh bullish narrative after weeks of sideways price action.
What’s Next for the Market?
If these political signals turn into actual policy changes or clear regulation post-election, we could see sustained bullish momentum in the second half of 2025. In the short term, traders are watching $70K for BTC and $170 for SOL as next key resistances.
Stay tuned with Gate.io for the latest crypto news, updates, and live trading insights.
#BTC# #SOL# #SUI#