The weekend market continues to reflect yesterday's perspective. Overall, it is a game among retail investors, with no inflow or outflow from institutions. Unless there is a significant news impact over the weekend, it is unlikely to look too bad.
Bitcoin is still fluctuating around 100,000, seemingly not ready to push towards 110,000. However, the current market, both in terms of fundamentals and macro aspects, points to an upward trend. Trump continues to make headlines in the global financial market; not only did he appear on the cover of Time magazine, but he also participated in the NYSE bell ringing last night. The key point is that this was originally a time to promote the US stock market, but Trump did not forget to mention cryptocurrency. He stated that he will accomplish great things in the field of cryptocurrency and artificial intelligence. CNBC interviewed Trump and repeatedly confirmed whether he is still embracing cryptocurrency, considering establishing a Bitcoin strategic reserve in the crypto space. Trump's response was clear; he does not want to be outpaced by others, and the US aims to become a leader in cryptocurrency.
Previously, there were only various rumors, but after the interviews from the past couple of days where Trump made promises, it means that the issue of strategic reserves is set in stone.
