Bitcoin Surges as Trump’s Crypto Policies Ignite $1.8B ETF Inflows

BTC Price Forecast: Pro-Crypto Policies Spark $1.8B BTC-Spot ETF Inflows

The cryptocurrency market is witnessing a surge in Bitcoin spot ETF inflows, reaching an impressive $1.86 billion as of January 17, according to FX Empire's report on the current trends and forecasts for Bitcoin prices. This influx comes amid speculation surrounding pro-crypto policies expected from President-elect Donald Trump’s administration. The anticipation has bolstered investor confidence, with notable contributions coming from iShares Bitcoin Trust ($745.7 million) and Fidelity Wise Origin Bitcoin Fund ($680.2 million).

Bitcoin continues to hold strong above the psychological threshold of $100k despite minor fluctuations over recent days. On Saturday, it closed at $103,580 after experiencing a slight dip of 0.15%. Analysts suggest that Trump's potential repeal of SEC regulations could further amplify demand for cryptocurrencies like Bitcoin.

Trump Launches TRUMP Meme Coin Just Before Inauguration

Ahead of his inauguration, President-elect Donald Trump introduced the TRUMP meme coin, which quickly ascended to become one of the largest cryptocurrencies by market cap. As reported by Investor's Business Daily, this new digital asset reached a valuation exceeding $62 billion within record time due largely to its association with Trump's brand and anticipated executive orders favoring crypto markets.

This launch coincides with expectations that Trump will issue directives supporting Bitcoin and other cryptos upon taking office—moves likely intended to position America as a leading hub for blockchain innovation.

Why Is Ethereum Struggling While Bitcoin Hits New Highs?

The Blockchain News highlights ongoing challenges faced by Ethereum even as Bitcoin achieves significant milestones such as surpassing the coveted $100k mark. Despite showing resilience around key support levels near $3k, recently rebounding past them again; ETH struggles against persistent resistance at approximately four thousand dollars per unit price point—a barrier yet unbroken amidst broader bullish sentiment across major altcoins, including DOGE.

Experts attribute these difficulties partly to differences between respective ecosystems' underlying fundamentals alongside external factors influencing overall sector dynamics globally. Technological advancements impact everything worldwide almost instantaneously, sometimes unpredictably, causing unforeseen consequences potentially affecting everyone involved directly or indirectly.

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Article Summary

The cryptocurrency market is experiencing significant Bitcoin spot ETF inflows, driven by pro-crypto policies anticipated from President-elect Donald Trump's administration and the launch of his TRUMP meme coin, which quickly reached a $62 billion valuation. Meanwhile, Ethereum struggles to break resistance at $4k despite broader bullish trends in major altcoins like DOGE.