There are 17 days left before Trump takes office! Will these currencies explode first?
Regarding ETFs, on January 3, Bitcoin spot ETFs had a net outflow of $242 million, and Ethereum had a net outflow of $77.51 million
Binance officially announced today that the number of global users has exceeded 250 million, and stated that 1 billion users is the benchmark for large-scale adoption, and a quarter of it has been completed. Previously, Binance announced in June 2024 that its global registered user base reached 200 million, and achieved a user growth of 50 million in nearly 7 months. I expect that the number of global cryptocurrency speculators will not increase too much in the future, and the big bonus period of the cryptocurrency circle has passed. The difficulty of the future market will gradually develop towards hell mode. The trend of altcoins in this bull market will be much more difficult than the previous bull market.
In terms of market conditions, Bitcoin has rebounded as expected, but the trading volume remains average, indicating that the overall demand in the market is not that strong. This low-volume rebound may face supply challenges, and the upper resistance level is still around 100,000. If it cannot stabilize at this position, the probability of a sideways decline in the market will increase. The weekly trend shows no issues, and the combination pattern is still a continuation, with Bitcoin still oscillating at a high level in the upper region.
There are 17 days left until Trump takes office!
One thing to remind: Trump will give a speech at the Capital One Arena in downtown Washington, D.C. on January 20, 2025, at midnight Beijing time. This is Trump's large public speech before his inauguration. For friends, it's time to start anticipating whether Trump will mention BTC and cryptocurrency in such an informal setting.
What can Trump's promises after taking office bring to the market?
(1) The FIT 21 bill will be prioritized, and DeFi innovation may 'return' to the U.S.
(2) U.S. stablecoin legislation may return to the agenda.
(3) The proposal to repeal SAB 121 has restarted, and the challenges of crypto asset custody will see breakthroughs.
(4) The Senate will approve the Bitcoin strategic reserve plan.
I think as long as this reserve plan is initiated, it doesn't matter how much is reserved. Its symbolic significance far outweighs the numbers. Various governments have already taken action during this period. Many believe that the U.S. will not actually reserve, so they choose to wait and see. As long as sovereign countries confirm the U.S. determination to reserve a large pie, the butterfly effect could trigger a storm. Moreover, as the only global superpower, the ceiling for Bitcoin will extend infinitely with human imagination. Therefore, we must cherish the time we still have the opportunity to accumulate coins.
Which altcoins were most affected after Trump took office in January?
DOGE: The oscillation within the range is a healthy trend, as the previous explosion of Dogecoin attracted a large influx of new funds, which will need some time to digest.
It can also be understood as washing out the unsteady holders, and the way to wash is to continuously oscillate widely in line with the market. The fluctuation range of Dogecoin will be much larger than that of BTC and ETH, which is a characteristic of small meme coins and is also unavoidable.
Dogecoin's fluctuations are influenced by Musk; a message from him can be the starting point for price changes. This is a significant part of Musk's rise, and we must trust his vision, as he was the one who recently propelled Trump to the presidency.
AAVE: A project carefully selected by the Trump family. Today, there are news reports that ENA and AAVE are collaborating to expand DeFi functionalities tenfold, and DeFi will welcome a new round of speculation.
PNUT: Squirrel Coin, which surged 400% in just two days during Trump's election campaign, is currently a good time to buy. Once Trump takes office, the hype will definitely rise again, and Squirrel Coin is expected to welcome a second explosion. Adding to the position when it drops is definitely the right move.
ONDO: The RWA sector is likely also a key focus for speculation in the bull market. Of the four Altcoins in the 'President's Selected Package', the RWA concept accounts for 75%. ONDO's main business is tokenizing quality assets like U.S. Treasury bonds and money market funds within a compliant framework, so ONDO currently belongs to the blue-chip assets of the RWA sector. Many investors optimistic about the RWA sector tend to allocate some ONDO.
If you are still stuck and losing money in this market, comment 333, no long!
