Crypto Market Corrects as USA Coins Filecoin Sui Aptos Surge
The crypto market is currently experiencing corrections as Bitcoin faces downward pressure. Meanwhile, the market cap for cryptocurrencies developed or primarily based in the United States has reached $439 billion. There is growing speculation that if former President Donald Trump announces tax relief for these USA coins, certain assets could experience significant price movements. Among the cryptocurrencies that could benefit are Filecoin (FIL), SuiSUI-- (SUI), and Aptos (APT).
Filecoin (FIL) is currently trading at $3.16 after a 3% daily increase. Its 24-hour trading volume stands at $205.73 million, marking a 48% rise. The market cap has climbed to $2.03 billion, reflecting a 3% growth. Analysts suggest that FIL is holding key support, with a potential target of $16. A strong rebound could push prices higher. This development comes as speculation grows that USA coins may benefit from potential tax relief if announced by former President Donald Trump.
Sui (SUI), a layer-1 blockchain, has seen notable growth, rising nearly 4% over the past week despite market fluctuations. Increased institutional interest and expanding partnerships have positioned SUI for further price gains. At the time of writing, the SUI price has decreased by 2% to $2.67. In a major development, the Sui price has partnered with World Liberty Finance (WLFI), a decentralized finance protocol inspired by Donald J. Trump’s vision of financial transparency. Additionally, both entities have begun exploring joint product development opportunities, reinforcing Sui’s expanding presence in the blockchain ecosystem.
Aptos (APT) is showing strong momentum as it consolidates within a horizontal channel on the 4-hour chart. This pattern suggests an imminent breakout. If market conditions allow, traders may look for entries near the lower boundary to catch any potential dips. A sustained bullish push could drive APT beyond the $10 mark in the near term. Currently, Aptos is trading at $6.27, rising 5.16% in the past 24 hours despite broader crypto market corrections. With speculation growing over possible tax relief for USA-based cryptocurrencies, Aptos is gaining attention as one of the top-performing assets in the sector.
The speculation surrounding tax relief for Made in USA cryptoc
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