Midterm Elections Could Send Crypto Prices Soaring
The midterms are approaching, and for crypto investors, this could be an intriguing buying opportunity. Three cryptocurrencies to watch are XRP, Bitcoin, and Hyperliquid.
XRP has been down 60% from its summer 2025 highs, but it could be a 'coiled spring' waiting to unwind. In November 2024, XRP was trading at $0.50, but after Donald Trump won the presidential election, it skyrocketed by 580%. If pro-crypto legislation passes, specifically the Digital Asset Market Clarity Act, this could remove regulatory uncertainty and boost XRP.
Bitcoin has historically performed best in the final quarter of the year, with big gains in October and November. It rallied after the 2024 presidential election, breaking through $100,000 by the end of the year. If a pro-crypto rally happens after the midterms, locking in gains with Bitcoin could be a good move.
Hyperliquid has been on an absolute tear this year, up 235% year to date. However, until this summer, it was strictly off-limits to U.S. retail investors due to regulatory issues. The CFTC gave the green light in May, and President Trump announced his support for Hyperliquid's operations in the U.S. in August.