Crypto Market Hit by US Government Bitcoin Sales: Can Trump Reverse Price Fall as Viral Altcoin Surges?
The cryptocurrency market is experiencing turbulence as the U.S. government accelerates its Bitcoin liquidation, causing prices to linger just above $19,000. Despite these challenges, Donald Trump's proposed Bitcoin Price Act could potentially stabilize the market by positioning BTC as a strategic national asset. Analysts suggest this move might counterbalance selling pressures and encourage institutional adoption, reinforcing Bitcoin's significance in the financial landscape.
Meanwhile, DTX Exchange has emerged as an innovative platform offering access to over 100,000 assets with features like fractional trading and automated investments via their Phoenix Wallet. Progressing through its presale stages, DTX shows significant investor interest and growth potential, positioning itself as a formidable player in modern crypto trading ecosystems (Source: Blockchain Magazine).
XRP News Today: SEC vs. Ripple – Final Countdown to January 15; BTC at $19k
The legal battle between XRP and the SEC reaches a critical juncture ahead of the January 15 appeal deadline amidst speculation about Chair Gary Gensler’s departure on January 20th. This uncertainty has led to increased volatility for XRP but also optimism regarding future regulatory clarity under new leadership, which may foster innovation within digital asset frameworks.
In parallel developments affecting broader markets, including Bitcoin—which briefly dipped below $19K before rebounding—speculation around pro-crypto executive orders from incoming President Donald Trump adds another layer of intrigue as policies may shape both immediate price movements and long-term strategies across cryptocurrencies (Source: FX Empire).
Bitcoin Tops Crypto Inflows Again, But Ethereum Faces Setback—Here’s What Happened
A recent report by CoinShares highlights notable shifts within digital asset fund flows. Despite macroeconomic headwinds leading to outflows last week ($94 million), initial inflows amounted to nearly one billion dollars, showcasing continued investor confidence, especially surrounding Bitcoin. Its cumulative year-to-date figures stand strong at approximately $799 million, making it the best-performing asset among peers even amid fluctuating global conditions. Ethereum faces pressure primarily due to external factors rather than intrinsic issues, according to James Butterfill, Head of Research.
Sources:
- Crypto Market Rocked With US Government Selling: Can Trump Reverse Bitcoin Price Decline While Viral Altcoin Rockets
- XRP News Today: SEC vs. Ripple – The Final Countdown to January 15; BTC at $94k
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