How Trump Came Around to Crypto—and What Crypto Wants in Return
According to Bloomberg, President Donald Trump has shifted his stance on digital assets significantly. Once a skeptic who described Bitcoin as "a scam," he now champions cryptocurrency following his reelection campaign. This change of heart was notably marked by Trump's enthusiastic participation at the Bitcoin 2024 conference last July. The crypto market responded positively, with Bitcoin reaching an all-time high above $108,000 in December amid expectations that Trump's administration will adopt pro-crypto policies.
Lack of Bitcoin Allocation Could Be Risky for Nations in 2025: Fidelity
A report from FXStreet highlights predictions made by Fidelity Digital Assets regarding the future adoption of Bitcoin by governments worldwide. Analysts anticipate that more nation-states and central banks will strategically invest in Bitcoin due to challenges like inflation and currency devaluation. They warn that not allocating resources into cryptocurrencies could pose greater risks than embracing them, especially given potential economic conditions such as stagflation affecting fiscal strategies.
Why Is Crypto Crashing? FED’s Tightening Stance and Silk Road BTC Sale Impact
Coinpedia Fintech News reports a significant downturn across the cryptocurrency markets recently, attributed partly to macroeconomic factors including the Federal Reserve's hawkish monetary policy stance. Additionally, political tensions have risen over plans for selling seized Bitcoins from Silk Road holdings under U.S. government control—an action contrary to promises made during Donald Trump's presidential campaign about retaining these assets.
Bitcoin Slips Below $93K but Trader Sees Short-Term Bounce
The recent selloff saw CoinDesk reporting a sharp decline where Bitcoin fell below $93K amidst broader market volatility driven by strong U.S. economic data and rising bond yields influencing investor sentiment negatively towards riskier assets like cryptocurrencies. However, analysts suggest this dip might be temporary; they foresee consolidation before potentially resuming upward trends influenced further by upcoming key events such as non-farm payrolls data releases or geopolitical developments surrounding new administrations taking office soon.
Ethereum Layer 2 Solutions Surge Past 10M Active Addresses
The Crypto Basic reveals impressive growth within Ethereum's layer two solutions sector entering early January with active addresses surpassing ten million—a testament reflecting increased user engagement leveraging scalable blockchain technologies beyond mainnet constraints effectively handling higher transaction volumes efficiently while reducing associated costs traditionally linked directly to primary networks themselves. This fosters wider decentralized finance (DeFi) application usage alongside other innovative projects emerging continuously throughout ecosystem evolution.
Sources:
- 3 predictions for cryptocurrency in 2025
- How Trump Came Around to Crypto—and What Crypto Wants in Return
- Crypto Economy Tumbles: Bitcoin Nears $90K as Sell-Off Intensifies
- Lack of Bitcoin allocation could be risky for nations in 2025: Fidelity
- Why Is Crypto Crashing? FED’s Tightening Stance and Silk Road BTC Sale Impact Bitcoin
- Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce
- Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge
- Ethereum Layer 2s Surge Past 10M Active Addresses, Transaction Volume Hits 5.19x Mainnet Levels
- Ethereum and Solana staking no longer classified as collective investment schemes in the UK
- ATH in January for Ethereum? Pectra Upgrade Sparks Hope for Bullish Ethereum Price Prediction While PlutoChain Gets Traction- Ethereum News Today
- XRP ETF 'Very Soon,' Likely Next After Bitcoin And Ethereum, Ripple President Says
- Fractal is Showing Ethereum Breakout Could Be Imminent. Why Analysts Suggest Bullish Ethereum Price Prediction While Market Looks to PlutoChain
- Best Altcoins To Buy Now: Whales Have Picked These 5 Cryptos For 2025
- Top Altcoins to Buy for January 2025: Why Qubetics Presale Is the Talk of the Crypto World
- Altcoins See Double-Digit Losses Following Bitcoin’s 5% Drop
- Crypto Trader Spotlights Lightchain AI at $0.004 Among Top Ethereum Altcoins to Invest in 2025
- 3 Altcoins To Keep On Your Radar During The First Weeks Of January 2025
- Ki Young Ju: The altcoin market is in a zero-sum PvP game, and only a few projects can survive
- Data: Fidelity transferred 64,997 ETH to Coinbase via Cumberland, worth approximately $213 million
- Top Ethereum (ETH) Whales Show Interest in PlutoChain Presale While Ripple (XRP), Cardano (ADA) and Hedera (HBAR) Whales Also Are Eyeing This Coin
- Bitcoin and Ethereum Drop to 2025 Lows as Investors Cash Out of ETFs
- Bitcoin and Ethereum ETFs See Second Largest Day of Outflows—Over $700B in Exits
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- Samwha Electric Co.,Ltd.'s (KRX:009470) market cap rose ₩39b last week; individual investors who hold 35% profited and so did insiders
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