CoinEx Daily:Bitcoin Rises to $102,000; Trump Plans to Make Cryptocurrency a National Priority
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Overview
Bitcoin continues its upward momentum; according to Bloomberg, citing informed sources, Trump plans to issue an executive order elevating cryptocurrency as a policy priority and providing industry insiders with a voice in the U.S. government.
Daily Macro
Bitcoin Market Status: Bitcoin continues to strengthen; confidence in the altcoin market increases.
Bitcoin ETF Activity: Net inflows of $622 million yesterday.
Ethereum ETF Activity: Net inflows of $166 million yesterday.
Macroeconomic Data:The U.S. initial jobless claims for the week ending January 11 came in higher than expected, leading to a short-term drop in the dollar and increasing market expectations of rate cuts.
Daily Focus
Morpho
Reason for Focus: Coinbase is once again offering Bitcoin loans to U.S. users through Morpho. Morpho reached a new all-time high of $4.
Related Token Performance (24H):
MORPHO:: +40%
Market Analysis: MORPHO had already been showing strong performance before this news, emerging as a new and powerful DeFi token.
Next Focus
SEC
Reason for Focus: Bloomberg ETF analyst James Seyffart posted on social media stating, “To be clear, I think it’s just a matter of ‘when,’ not ‘if,’ Solana or XRP ETFs will be approved by the SEC. However, a Litecoin ETF might pass first—mainly because the SEC has not accused Litecoin of being a security.”
Market Analysis: The hype surrounding large altcoin ETFs is starting to pick up again, which could attract more market attention.