For the first time in 17 years, the Bank of Japan (BoJ) raised interest rates to 0.5%, a significant leap from its previous levels.
BlackRock’s iShares Bitcoin Trust (IBIT) has seen significant inflows, acquiring over 11,000 BTC in the past week.
Senator Cynthia Lummis has proposed legislation to establish a national bitcoin reserve, planning to purchase 1 million BTC worth $108 billion over five years.
The US spot Bitcoin ETF issuers registered a daily total net inflow of about $248 million on Wednesday following the crypto market confidence instilled by the Donald Trump administration.
Bitwise’s filing for a Dogecoin ETF has sparked market optimism, with analysts anticipating a potential price surge for the meme coin.
ETF issuers have submitted applications to the SEC, possible hoping the Commission would be more lenient following Gensler’s departure.
Investment firms and hedge funds significantly increased their Bitcoin ETF holdings amid favorable market conditions.
In a bold move following Trump’s inauguration and Gensler’s resignation, REXShares and Ospreys Funds have filed for multiple spot crypto ETFs, including pioneering memecoin funds.
VeThor (VTHO) has shot up a monumental 108% in the past 24 hours, bringing out a God candle on the daily chart with a peak of $0.01071.
The crypto community had hoped for stronger signals from the administration, but early executive orders focused on other issues, leaving digital assets off the agenda.
The cooling down of the crypto-leveraged market after months of heavy speculation could lead to short-term Bitcoin price weakness despite the renewed interest from whale investors.
Donald Trump’s inauguration as the 47th US President marks a pivotal shift for cryptocurrency, with Bitcoin reaching record highs and major regulatory changes underway.
Gensler’s SEC tenure saw 18% of complaints tied to crypto violations, impacting Binance, Coinbase, and others.
Ethereum has notably underperformed this cycle, particularly as Solana gains traction through the memecoin frenzy and events like Trump’s official memecoin launch on Solana instead of Ethereum.
Crypto market nearing a new all-time high fuels optimism in Ethereum prices. With Trump’s support and growing optimism in the market, is Ethereum the best crypto buy this week?