As the crypto market faces heightened regulatory and macroeconomic uncertainty, major players like Bitcoin and Solana remain in the spotlight. Trump’s potential first-day crypto executive orders signal a policy shift that could reshape the industry while BlackRock expands its Bitcoin ETF offerings to Canada, reflecting surging institutional demand. Meanwhile, Bitcoin’s price volatility continues amid Fed rate concerns, and analysts see bright prospects for Solana in 2025, driven by retail interest and ETF anticipation.
Trump Eyes Crypto Policy Shift on First Day Back
Donald Trump is reportedly preparing to issue executive orders addressing crypto de-banking and reversing a controversial bank accounting policy on his first day in office, January 20. The policies in question involve removing restrictions that critics say have stifled the crypto industry under President Biden’s administration. Notably, Trump pledged during his campaign to make the U.S. a global “crypto capital” and reduce regulatory pressures on the sector. Crypto executives are hopeful that Trump’s early actions will foster a more favorable regulatory environment.
BlackRock Expands Bitcoin ETF Reach to Canada
BlackRock has launched a new Bitcoin ETF on Cboe Canada, offering Canadian investors exposure to its U.S. iShares Bitcoin Trust (IBIT). The ETF, trading under the ticker IBIT, aims to simplify Bitcoin investment by eliminating direct custody challenges. Surging demand for Bitcoin ETFs has driven significant inflows, with analysts predicting up to $48 billion in net inflows by 2025, signaling growing institutional interest in Bitcoin as a hedge against inflation and geopolitical risks.
Technical Analysis
Following a failure-swing reversal on Monday, Bitcoin swiftly rebounded from the $88,919.00 low, maintaining prospects for a potential rally beyond the $100,000.00 level. Despite reaching a high of $102,650.50 on January 7, the price failed to surpass the prior peak, subsequently dipping below the critical support level at $91,429.00. However, key technical indicators did not confirm the breach, as prices bounced back to close above the 50-period Exponential Moving Average (EMA), signaling continued near-term support.
Currently, BTCUSD remains above the 50-period EMA, bolstered by positive momentum, though caution is warranted given the Relative Strength Index (RSI) has slipped below the neutral 50 mark. Should bullish momentum persist, the next key resistance levels to monitor are $100,000.00, $102,601.50, and $108,280.20. Conversely, in the event of renewed bearish pressure, key downside support levels are projected at $88,919.00, $84,524.40, and $73,351.90.
Solana Set to Shine: Retail Interest Fuels 2025 Rally Hopes
Solana is set for significant growth in 2025, driven by rising retail investor interest and the anticipated launch of a U.S. spot Solana ETF. Despite recent price dips, analysts remain optimistic, citing Solana’s perceived affordability and potential for strong returns. This growing retail adoption could position Solana for another standout year in the crypto market.
Bitcoin Slips Below $90K as Fed Rate Cut Doubts Mount
Bitcoin dropped below $90,000, hitting a two-month low as doubts over potential Fed rate cuts grow amid strong U.S. employment data. Analysts attribute the dip to macroeconomic factors, with concerns that a resilient labor market may halt the Fed’s easing campaign. Despite the downturn, optimism remains for Bitcoin’s performance in early 2025 while markets await key inflation data and President-elect Trump’s pro-crypto policies.
Conclusion
As the crypto landscape evolves, significant developments are unfolding across policy, investment, and market performance. Trump’s anticipated crypto-friendly executive actions could set a new regulatory tone, while BlackRock’s ETF expansion underscores growing institutional interest. Despite recent volatility, Bitcoin remains resilient amid macroeconomic pressures, and Solana’s rising retail adoption suggests potential for a strong 2025. As these factors play out, the crypto market stands at a pivotal moment, with both risks and opportunities on the horizon.