The crypto market is buzzing with anticipation as President-elect Donald Trump’s inauguration approaches. Bitcoin is holding strong above $100,000, while altcoins like SOL, ADA, LINK, XRP, and LTC are also performing well. Reports suggest that Trump might prioritize crypto in his policy agenda. Ether is also in the spotlight, with a blockchain address linked to Trump’s World Liberty Finance project purchasing nearly $10 million worth of ETH this week. The layer-1 blockchain Near Protocol’s NEAR token shows bullish supply dynamics, with the ratio of staked to unstaked NEAR increasing. Despite a generally positive outlook, there’s a possibility of a price drop if no major crypto-related announcement is made on Trump’s first day. Macroeconomic conditions are supportive, with unemployment decreasing and inflation easing. However, inflation concerns could resurface as the U.S. PPI rose above the CPI in December for the first time since 2022. BTC is currently trading at a discount on Coinbase compared to Binance, indicating weaker U.S. investor demand. A whale moved over $1 billion worth of BTC to Coinbase, suggesting potential selling pressure.
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