#Trump's inauguration, Bitcoin highly anticipated#
Hot Topic Overview
Overview
The cryptocurrency market is buzzing as Trump's inauguration approaches, with Bitcoin prices holding above $100,000 and altcoins performing actively. Reports suggest that Trump might announce cryptocurrency as a national policy focus and could establish a strategic Bitcoin reserve. Despite this, Bitcoin is trading slightly lower on Coinbase than Binance, indicating weak demand from US investors. Market expectations for Trump's policies are high, but prices could fall if there is no major announcement on his first day in office.
Ace Hot Topic Analysis
Analysis
With Trump's inauguration imminent, the cryptocurrency market is buzzing, with Bitcoin prices continuing to rise and breaking through the $100,000 mark. The market widely expects Trump to announce cryptocurrency as a national policy priority and may establish a strategic Bitcoin reserve. Reports suggest Trump will issue an executive order designating cryptocurrency as a national priority and creating a crypto advisory council. Additionally, Trump may announce the suspension of federal crypto lawsuits and support the development of the crypto industry. These news have spurred market sentiment, with altcoins like SOL, ADA, LINK, XRP, and LTC also performing well. However, the Coinbase premium indicator suggests that American investors' demand for Bitcoin is not strong, which may be related to Trump's policy promises not yet being fulfilled. Nevertheless, the market is generally optimistic about Trump's crypto policies and awaits concrete actions after his inauguration.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump prioritizes crypto as a national priority and could establish a strategic Bitcoin reserve, boosting Bitcoin price.
Trump could form a cryptocurrency advisory committee and ease regulations on crypto, benefitting the crypto industry.
US investor interest in crypto remains tepid, with the Coinbase premium metric showing Bitcoin trades at a discount on Coinbase compared to Binance.
Trump's policies could lead to the US government embracing cryptocurrency and driving up prices of altcoins like SOL and XRP.