Trump’s Crypto Orders, Big BTC Buys & Slowing PPI

DAILY MARKET OVERVIEW

Trump’s Crypto Policy Expected on Day One

👋 Hey Crypto Enthusiasts! After dipping below $89k, Bitcoin has rebounded on reports of Trump issuing crypto orders on Day One. Let’s dive in!

Trump’s Crypto Policy Expected on Day One 🇺🇸

After the weekend slump saw Bitcoin test the $89k level, it has now bounced back above $96,000, gaining about 6% in 24 hours. The broader market recovery is also visible in global equity indices, reflecting improved risk sentiment heading into key inflation reports.

A Washington Post report suggests that President-elect Donald Trump has been working closely with crypto industry leaders on potential executive orders on day one. These may address:

• De-banking fixes for crypto firms (making it easier for them to access traditional banking services)

• Repealing a rule that forces banks to treat cryptocurrencies as liabilities on their balance sheets

• Potential creation of a national Bitcoin reserve, which would involve federal investment into BTC

Several of Trump’s cabinet picks are known crypto supporters, including newly appointed SEC Chair Paul Atkins. This could signal a turning point for U.S. crypto regulations, with a lighter policy touch and deeper institutional acceptance on the horizon.

Adding to the optimism, December’s Producer Price Index (PPI) rise of 0.2% came in below estimates, suggesting inflation could be moderating. This development may ease pressure on the Federal Reserve to keep hiking rates aggressively.

Still, caution is warranted: 

• Wednesday’s CPI could fuel another burst of volatility

• The Fed’s January meeting will determine whether rates hold steady or move higher

Major Institutions Keep Buying BTC 🏦

Despite the market’s recent ups and downs, big players continue to snap up Bitcoin:

• Italy’s largest bank Intesa disclosed a million-dollar BTC purchase

• Semler Scientific added $23mil in Bitcoin to its balance sheet

• Remixpoint in Japan also announced a major $3mil crypto investment

For many, these purchases reinforce that institutional interest in digital assets remains strong possibly gearing up for potentially pro-crypto policies under a Trump administration.

Looking Ahead 🔮

Jan. 20 Inauguration: Donald Trump’s first day in office may bring immediate shifts in crypto regulation if he issues executive orders as rumored.

Earnings Season: Companies will soon reveal how rising rates and inflation impacted their Q4 results, offering clues about the overall economic outlook.

Market Sentiment: Slower inflation and friendlier crypto regulations could boost digital assets - unless inflation data tomorrow surprises on the high side.

That’s it for today! Stay alert to inflation reports, keep an eye on Trump’s inauguration, and watch for fresh institutional moves into crypto. We’ll be back soon with more updates - until then, invest responsibly!

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SOCIAL SENTIMENT

Traders Are Bullish on Trump

The recent rumors of new positive crypto orders from Trump have swiftly shifted market sentiment. Traders now believe Trump has taken Bitcoin’s price as his personal achievement.

Besides the planned executive crypto orders on day one, he’s also hosting a large crypto event honoring him as “the first crypto president.”

Many traders are rallying behind him, further driving sentiment in a positive direction. This year could be one of the most compelling for crypto, as we’ve never seen such friendly conditions toward the industry. Be prepared for potentially impactful changes ahead!

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

BlackRock's Bitcoin ETF Lands on Canadian Markets
BlackRock’s iShares Bitcoin ETF launches in Canada with dual-currency trading, offering seamless Bitcoin exposure for investors without direct ownership complexities.

Italy's Largest Banking Group Buys $1 Million in Bitcoin
Intesa Sanpaolo makes a groundbreaking $1 million Bitcoin purchase, signaling a significant step toward crypto adoption within Italy’s financial sector.

Court Orders SEC to Clarify Coinbase Petition Denial
A U.S. court demands the SEC explain rejecting Coinbase’s request for crypto-specific rules, spotlighting regulatory tension in the evolving crypto industry.

Sony Launches Soneium Blockchain Mainnet
Sony debuts Soneium, its Ethereum-based blockchain, to empower creators and fans, focusing on rights protection and equitable value distribution in Web3.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Jesse Eckel - This Crypto Bull Run Is Just Starting (Here's Why) (14.01.2025 Summary)

Jesse Eckel strongly believes that the crypto bull run is only just beginning. In his view, predictions that Bitcoin has already peaked or will peak in the next few months are completely missing the bigger picture. He emphasizes that in early 2024, when the environment for crypto was hostile and filled with uncertainty, Bitcoin still managed to climb to $73,000 dollars. Back then, government agencies and the SEC were attacking legitimate crypto companies, and the media often called crypto a scam. Even so, Bitcoin soared.

Today, Jesse argues that conditions have flipped. He highlights the presence of a pro-crypto administration under Trump. Trump and his team are known to be bullish on digital assets, with talk of establishing a Bitcoin strategic reserve. This step alone, Jesse believes, could push other countries and major players to hold Bitcoin on their balance sheets. He also points out that it is now more socially acceptable for institutions to invest in crypto, creating a massive new source of capital.

Jesse dismisses claims that we cannot repeat the 2021 bull run because there are no stimulus checks or lockdowns. Instead, he reminds us of 2017, when the crypto market skyrocketed without any of those factors in place. He says there is now a multi-trillion dollar fire hose of liquidity that may flow into the market through Bitcoin and Ethereum ETFs. Many altcoins remain at relatively small market caps, so even a small shift in capital could send their prices soaring.

In Jesse’s eyes, the biggest risk in crypto often comes from excessive leverage, yet he notes that the mania phase has not kicked in. He expects 2025 to be a year where the combination of institutional adoption, friendlier regulations, and renewed public interest could lead to unprecedented heights for Bitcoin and the broader crypto market.

Benjamin Cowen - What is Bitcoin's Next Move? (14.01.2025 Summary)

Benjamin Cowen sees two main ways to interpret Bitcoin’s recent price moves. One is a seasonal view, where Bitcoin often experiences a correction in January after a strong rally. The other is a macro-focused view that looks at the long end of the yield curve, such as 10-year Treasury yields. According to Benjamin, these two perspectives could both explain why Bitcoin has struggled lately.

On the seasonal side, he notes that in past post-halving cycles, Bitcoin has frequently had a pullback of around 30 percent in January. Bitcoin’s current drop from its recent high is only about 17 to 18 percent, which he argues is fairly normal. He also points out that in 2024, Bitcoin dipped below a key support level before bouncing back higher. He thinks something similar could happen now if Bitcoin can hold above 90 thousand dollars in the near term.

However, Benjamin also warns that macro pressures could drive prices down. Inflation has started ticking back up at the same time the unemployment rate has edged lower. This combination makes bond markets worry that the Federal Reserve may have cut rates too soon, fueling a rise in 10-year Treasury yields. If yields keep climbing, risk assets like Bitcoin often face more selling pressure. He recalls a similar spike in 2023, which forced Bitcoin to give back gains.

Ultimately, Benjamin suggests watching how long Bitcoin remains below 90 thousand dollars. If it spends too much time under that level, it could mirror the weaker pattern seen in past months and potentially give back more of its gains. But if Bitcoin rebounds quickly, the more optimistic seasonal scenario could play out, leading to a stronger move higher in the weeks that follow. By monitoring bond yields and key support levels, he believes investors can stay better informed about Bitcoin’s next move.

CRYPTO MEMES