Bitcoin rebounds to 94000 as Trump plans pro crypto executive orders

Bitcoin surged back to $94,000 as Donald Trump prepares to sign pro-crypto executive orders on his first day in office, potentially overturning key regulations like the SEC’s Staff Accounting Bulletin 121. This move aims to address banking restrictions and enhance crypto custody services, which have been hampered by current policies. The crypto market reacted positively, with Ethereum also recovering, signaling optimism for a more crypto-friendly regulatory environment under Trump’s administration.

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Binance Coin Trends and Solana Growth Amid BlockDAG Affiliate Program Launch

Binance Coin (BNB) is currently trading within a tight channel, indicating a potential significant price movement, though it struggles to surpass $740. In contrast, Solana is predicted to experience strong growth, possibly exceeding $400, especially with rising consumer interest and the anticipated approval of a U.S.-based Solana ETF. Meanwhile, BlockDAG’s new Affiliate Program is generating excitement among crypto enthusiasts, offering instant USDT rewards and a remarkable $180 million presale that is driving user adoption.

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Bitcoin Price Analysis and Future Predictions Amid Market Volatility

Bitcoin’s current price of $90,000 is viewed as a favorable entry point for long-term investors, despite warnings of a potential dip to $70,000. Analysts suggest that while short-term volatility may occur, Bitcoin is expected to be one of the best-performing assets this year, with projections reaching $180,000 to $200,000 by the end of 2025. Key upcoming economic data, including inflation reports, could influence market movements.

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Bitcoin Short-Term Holders Experience Losses Amid Market Downturn

Bitcoin short-term holders are now selling at a loss, as indicated by the Spent Output Profit Ratio (SOPR) dipping below 1. This trend suggests a shift from profit-taking to loss realization among investors who bought within the last 155 days, coinciding with a recent 3% price drop to $91,600. Historically, such capitulation events have often marked market tops, indicating potential further declines before a bullish reversal occurs.

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Ethereum Shows Strong Upward Momentum with Key Trading Opportunities

Ethereum ($ETH) is experiencing strong upward momentum after a corrective dip, bouncing off the $2,920 support. Traders are advised to enter between $3,100 and $3,120, with targets set at $3,180 and $3,250, while maintaining a stop loss at $2,920. Short-term traders should secure partial profits at the first target and adjust stop-loss orders accordingly, while long-term holders should monitor for a breakout above $3,250 to sustain bullish momentum.

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Court Orders SEC to Clarify Cryptocurrency Regulations Following Coinbase Petition

The US Court of Appeals for the Third Circuit has ordered the SEC to clarify its denial of Coinbase’s petition regarding cryptocurrency regulations, deeming the SEC’s previous response as arbitrary and insufficiently reasoned. While this ruling is seen as a significant win for the crypto industry, the court did not compel the SEC to initiate new rulemaking at this time. Additionally, reports indicate that the Trump transition team is collaborating with crypto leaders on legislative strategies to address issues affecting the industry.

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Stocks Near Pre Trump Election Levels Amid Rising Rate Concerns

Stocks are nearing the point of erasing the gains made after Trump’s election, with the S&P 500 dipping below its pre-election level amid rising interest rates and inflation concerns. The market’s volatility is increasing as investors react to high valuations and potential tariffs under the new administration. Unlike 2017, the current market faces a more precarious economic outlook, with the S&P 500 having surged over 50% since late 2022.

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