Crypto Market Awaits Trump’s Inauguration
- Bitcoin is trading above $100,000 amid anticipation of Trump’s inauguration.
- A blockchain address linked to Trump’s World Liberty Finance acquired nearly $10 million in ETH.
- The NEAR token shows bullish supply dynamics with increased staking.
- A whale transferred over $1 billion worth of BTC to Coinbase, indicating potential selling intent.
- The U.S. PPI rose above the CPI in December for the first time since 2022, signaling inflation concerns.
As President-elect Donald Trump’s inauguration approaches, Bitcoin remains above $100,000. A significant purchase of ETH by a blockchain address associated with Trump’s project and rising NEAR staking further highlight market activity. Meanwhile, a whale’s large BTC transfer to Coinbase suggests possible selling intentions amidst inflation worries.
Source (2.6)https://www.coindesk.com/daybook-us/2025/01/17/crypto-daybook-americas-bitcoin-buzzes-with-anticipation-before-trumps-inauguration?rand=52298
