Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
DailyDetails

CoinEx Daily:Bitcoin Rises to $102,000; Trump Plans to Make Cryptocurrency a National Priority

  • BTC0%
  • ETH0%
  • XRP0%
  • MORPHO0%
CoinEx logo
Published on 2025-01-17



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.