Institutional Crypto OTC Trading Volumes Surge Following Trump Election Victory

Institutional crypto over-the-counter (OTC) trading volumes surged 106% in 2024, driven by Donald Trump’s election win and demand for US spot crypto ETFs. The fourth quarter saw significant increases in Bitcoin, Ether, and stablecoin trading, reflecting a growing acceptance of crypto among traditional finance leaders. As the market matures, altcoin trading volumes also rose, with Litecoin leading among institutional investors.

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US Banks to Hold Bitcoin Under New Trump Executive Order

President-elect Trump is set to issue an executive order allowing banks to hold Bitcoin and other cryptocurrencies for clients, reversing a regulatory guideline that classified these assets as liabilities on banks’ balance sheets. This move aims to facilitate financial institutions’ entry into the digital asset market, countering the SEC’s SAB 121 guideline, which has been criticized for hindering crypto adoption. Despite a recent bill to eliminate SAB 121 passing Congress, it was vetoed by President Biden.

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US Court Orders SEC to Justify Denial of Crypto Regulations

A U.S. court has ordered the SEC to explain its denial of Coinbase’s request for clear crypto regulations, labeling the agency’s actions as “arbitrary and capricious.” This ruling comes as Chair Gary Gensler prepares to step down, with Paul Atkins expected to lead a more lenient regulatory approach under the incoming Trump administration. Coinbase’s Chief Legal Officer expressed appreciation for the court’s decision, while the SEC has yet to respond.

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Crypto Market Declines Amid Strong Economic Data and Rising Interest Rates

The crypto market experienced a significant downturn, with major tokens like Chainlink, Aptos, Uniswap, and Sui dropping double digits following strong economic data, including a jobs report that exceeded expectations. Investors are concerned that a robust economy may lead to higher interest rates, prompting a shift towards safer assets over cryptocurrencies. As questions arise about the utility of these tokens amid rising stablecoin adoption, the sell-off may continue, especially if growth stock valuations decline in 2025.

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Trump’s Administration Promises Major Changes for AI and Cryptocurrency

Trump’s upcoming presidency is poised to reshape the crypto landscape, with plans for a Bitcoin strategic reserve and regulatory rollbacks aimed at fostering innovation. Key appointments signal a strong alliance with Silicon Valley, potentially reigniting venture capital interest in digital assets. However, concerns about Silicon Valley’s influence persist among some conservatives.

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Stock Futures Rise Ahead of Key Inflation Reports This Week

Stock futures rose on Monday as investors prepared for key inflation readings this week, with the Dow gaining 65 points and the S&P 500 and Nasdaq also advancing. The producer price index is set for release on Tuesday, with expectations of a 0.4% increase, while major banks will report fourth-quarter earnings starting Wednesday. The market anticipates the Federal Reserve will maintain interest rates steady amid a backdrop of mixed economic signals.

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Dogecoin Trading Volume Surges Amid Uncertain Market Conditions

Dogecoin is currently trading at $0.3176 after a 6% decline, with trading volumes surging to $2.5 billion, indicating potential for a price reversal. Despite breaking below a symmetrical triangle pattern, key support at $0.3032 and resistance at $0.3455 will be crucial for its next move. Meanwhile, Wall Street Pepe ($WEPE) is gaining traction in the meme coin market, raising $47 million in its presale, appealing to investors seeking higher returns.

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Bitcoin Mining Difficulty Reaches All Time High Amid Price Fluctuations

Bitcoin’s mining difficulty has reached an all-time high of 110.45 trillion, making it harder than ever to mine new blocks. This increase indicates a stronger and more secure network, despite Bitcoin’s price fluctuating around $94,170 after a recent dip below $90,000. Miners are rewarded with 3.125 BTC for successfully processing transactions, highlighting the complex and energy-intensive nature of mining.

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Dogecoin Price Predictions Linked to Trump’s Inauguration and Market Trends

Dogecoin’s price action is poised for significant movement in the week leading up to Donald Trump’s inauguration, with analysts predicting a potential breakout from a symmetrical triangle pattern. If successful, DOGE could rally to $0.50, with further targets of $0.55 and an all-time high of $0.74, potentially reaching the psychological $1 mark. Additionally, the establishment of Elon Musk’s Department of Government Efficiency (D.O.G.E) is expected to bolster Dogecoin’s outlook, as Musk’s support may drive further interest in the meme coin.

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Chainlink and Interlink Electronics Stock Movements Amid Economic Data Release

The cryptocurrency market faced declines over the weekend due to strong economic data, with Chainlink (LINK) dropping 0.47%. Interlink Electronics Inc (LINK) on NASDAQ, priced at $6.37, remains “Modestly Undervalued” with a market cap of $62.84 million, despite challenges in profitability and declining gross margins. Investors should monitor potential interest rate hikes that could affect market dynamics and capital flows.

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